Nigeria has signed a strategic cooperation agreement with Saudi Arabia’s Halal Products Development Company (HPDC) to position itself as a major player in the global halal market, which is valued at $7.7 trillion.
The agreement, signed at the Makkah Halal Forum in Saudi Arabia would promote investment, technical collaboration, and market access across key sectors such as food production, pharmaceuticals, finance, and livestock.
Vice President Kashim Shettima, represented at the event by Deputy Chief of Staff to the President, Office of the Vice President, brahim Hassan Hadejia, described the deal as a transformative step for Nigeria’s economy.
According to a statement issued by Senior Special Assistant to the President on Media and Communications, Office of the Vice President, Stanley Nkwocha, Shettima said “this collaboration is an important step in our ambition to not only tap into the lucrative halal market but to establish Nigeria as a leading global player.
“We are committed to leveraging this collaboration to create jobs, attract foreign investment, and diversify our economy in line with the Renewed Hope Agenda of President Bola Ahmed Tinubu.”
