Nigeria is set to make a significant impact in the global $7tn Halal economy with the launch of a comprehensive strategy aimed at boosting its Gross Domestic Product to $1.5bn by 2027. The announcement was made by Aliyu Sheriff, the Special Assistant to the Vice President on Export Expansion, ahead of the Halal Stakeholders Engagement Programme scheduled for Wednesday at the State House Conference Centre in Abuja.
This strategic initiative will bring together government agencies, private sector leaders, and international partners to leverage Nigeria’s position as the eighth-largest domestic Halal economy worldwide. With a focus on diversification and tapping into the growing global Halal market, Nigeria aims to increase its exports and achieve sustainable growth.
Sheriff emphasized that the Halal economy presents a unique opportunity for Nigeria to enhance its economic profile and compete on a global scale. By aligning with Halal principles of ethics and quality, Nigerian businesses can elevate their standards and practices to meet world-class levels, ultimately benefiting the entire nation.
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