![Minister of Industry, Trade and Investment, Dr Jumoke Oduwole. [PHOTO CREDIT: The World Economic Forum]](https://crediblenewsng.com/wp-content/uploads/2025/04/images-32.jpeg)
President Bola Tinubu on Thursday inaugurated Nigeria’s National Halal Economy Strategy to tap into the $7.7 trillion global halal market and diversify its economy.
Tinubu, while inaugurating the strategy, called for disciplined, inclusive, and measurable action for the strategy to deliver jobs, and shared prosperity across the country.
The News Agency of Nigeria reports that the president was represented by ViCe-President Kashim Shettima
He described the unveiling of the strategy as a signal of Nigeria’s readiness to join the world in grabbing a huge chunk of the global halal economy already embraced by leading nations.
Tinubu said, ” As well as to clearly define the nation’s direction within the market expected to add an estimated $1.5 billion to the nation’s Gross Domestic Product by 2027.
” It is with this sense of responsibility that I formally unveil the Nigeria National Halal Economy Strategy.
” This document is a declaration of our promise to meet global standards with Nigerian capacity and to convert opportunity into lasting economic value.
” What follows must be action that is disciplined, inclusive, and measurable, so that this Strategy delivers jobs, exports, and shared prosperity across our nation.
“It is going to be chaired by the supremely competent Minister of Industry, Trade and Investment.”
The president explained that the halal-compliant food exports, developing pharmaceutical and cosmetic value chains would position Nigeria as a halal-friendly tourism destination, and mobilizing ethical finance at scale,” by 2030.
” The cumulative efforts “are projected to unlock over twelve billion dollars in economic value.
” While strengthening food security, deepening industrial capacity, and creating opportunities for small-and-medium-sized enterprises across our states,” he added.
Allaying concerns by those linking the halal with religious affiliation, Tinubu pointed out that the global halal economy had since outgrown parochial interpretations.
He said, ” It is no longer defined solely by faith, but by trust, through systems that emphasize quality, traceability, safety, and ethical production. These principles resonate far beyond any single community.
“They speak to consumers, investors, and trading partners who increasingly demand certainty in how goods are produced, financed, and delivered. It is within this broader understanding that Nigeria now positions itself.”
Tinubu said many advanced Western economies had since “recognized the commercial and ethical appeal of the halal economy and have integrated it into their export and quality-assurance systems.”
Tinubu listed developed countries, including the United Kingdom, France, Germany, the Netherlands, the United States, Canada, Australia, and New Zealand.
He said,” They are currently among “leading producers, certifiers, and exporters of halal food, pharmaceuticals, cosmetics, and financial products.”
He stated that what these developed nations had experienced is a confirmation of a simple truth, that “the halal economy is a global market framework rooted in standards, safety, and consumer trust, not geography or belief.”
The president explained that the Nigeria national halal economy strategy is the result of careful study and sober reflection.
He added that it was inspired by the commitment of his administration of “to diversify exports, attract foreign direct investment, and create sustainable jobs across the federation.
“It is also the product of deliberate partnership, developed with the Halal Products Development Company, a subsidiary of the Saudi Public Investment Fund.
”And Dar Al Halal Group Nigeria, with technical backing from institutions such as the Islamic Development Bank and the Arab Bank for Economic Development in Africa.”
The Minister of Industry, Trade and Investment, Dr Jumoke Oduwole, said the inauguration of the strategy was a public-private collaboration that has involved extensive interaction with stakeholders.
Oduwole, who is the Chairperson, National Halal Strategy Committee, said that the private sector led the charge in ensuring that it is a whole-of-government and whole-of-country intervention.
The minister stressed that what the Halal strategy had done for Nigeria “is to position us among countries that export Halal-certified goods across the world.
The minister said, “We are going to leverage the African Continental Free Trade Area to ensure” we export our Halal-friendly goods to the rest of Africa and beyond to any willing markets; participation is voluntary. “
She assured that as the Chairperson, her ministry would deliver on the objectives of the strategy for the prosperity of the nation.
The Chairman of Dar Al-Halal Group Nigeria L.td, Alhaji Muhammadu Dikko-Ladan, explained that the halal Product Development Company collaborated with the group in developing the strategy.
He said, ” In addition to the strategy, an export program is underway involving the Ministry of Trade and Investment, through which Nigerian companies can be onboarded into the Saudi Arabian market and beyond.
Dikko-Ladan described the Strategy as a landmark opportunity for Nigeria as it creates market access and attracts foreign direct investment.
NAN
