The Nigerian government says it will launch a comprehensive strategy on Wednesday to become a leading player in the $7tn Halal economy.
It also announced plans to grow its Gross Domestic Product to $1.5bn by 2027 through strategic initiatives.
The Special Assistant to the Vice President on Export Expansion, Aliyu Sheriff, revealed this on Monday ahead of Wednesday’s Halal Stakeholders Engagement Programme billed to be held at the State House Conference Centre in Abuja.
According to a statement signed by the Senior Special Assistant to the Vice President of Media and Communications, Stanley Nkwocha, Sheriff said the initiative would bring together government agencies, private sector leaders, and international partners to capitalise on Nigeria’s position as the eighth-largest domestic Halal economy globally.
The statement is titled, ‘FG set to exploit $7tn global halal market.’ 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.
