The Federal Government has unveiled the National Livestock Growth Acceleration Strategy, an ambitious plan to expand the country’s livestock industry from its current value of $32 billion to $74 billion by 2035.
This initiative, it said, is aimed at diversifying the country’s economy and strengthening national food security. Minister of Livestock Development, Idi Maiha, announced this at the 2025 Agriculture Summit Africa (ASA) in Abuja, an event hosted by Sterling Bank under the theme, “Survival of the Greenest: Reclaiming Africa’s Food Destiny.”
Maiha urged financial institutions to establish dedicated livestock desks to ase increase funding for pastoralists and processors, thereby unlocking the sector’s full potential.
“If achieved, this target could significantly reduce Nigeria’s dependence on imported animal products, create millions of rural jobs, and position the country as a major player in Africa’s livestock market,” Maiha said.
The Minister commended Sterling Bank for its leadership in agricultural finance and for providing a platform for critical dialogue, describing ASA as “a vital convening for shaping the continent’s agricultural destiny.”
