FG to Unveil Strategy Aiming to Position Nigeria as a Key Player in $7 Trillion Global Halal Economy

Written on 17/09/2024
Business Day

On Wednesday, the Federal Government will introduce a comprehensive strategy designed to elevate Nigeria's role in the $7 trillion global Halal economy. This market encompasses various sectors, including food and beverages, fashion, cosmetics, tourism, and fertilizers, all adhering to Islamic practices.

The initiative aims to boost Nigeria’s presence in the Halal industry, promoting a respectful and healthy lifestyle.



It also includes having restaurants and hotels with only Halal food, no alcohol served anywhere, hotels with prayer rooms, beaches and pools exclusive to women.

The project is part of initiatives to diversify the economy and tap into the burgeoning global Halal market- products and services that meet Islamic standards of permissibility and embody ethics, integrity, and universal values that resonate across cultures and regions.

Speaking on Monday ahead of Wednesday’s Halal stakeholder's engagement program billed to hold at the State House Conference Centre in Abuja, Aliyu Sheriff, the special assistant to the president on export expansion, (Office of the Vice President), said the initiative would bring together government agencies, private sector leaders, and international partners with a view to capitalizing on Nigeria’s position as the eighth-largest domestic Halal economy globally.

Source