Two months ago, Nigeria reached a defining moment in its economic…

Two months ago, Nigeria reached a defining moment in its economic transformation journey.

Under the leadership of Bola Ahmed Tinubu, GCFR, the Nigeria National Halal Economy Strategy was officially launched—a bold and forward-looking roadmap to position our country as a leading global hub for halal production and exports.

Developed in partnership with Halal Products Development Company (HPDC), a subsidiary of the Public Investment Fund, the Strategy builds on the bilateral agreement signed at the Makkah Halal Forum. It reflects a shared commitment to deepen Nigeria–Saudi Arabia relations while unlocking investment, expanding market access, and integrating Nigeria into global halal value chains.

The opportunity remains compelling:

🌍 A global halal economy valued at over $7 trillion

📊 Nigeria with over $100 billion in annual halal consumption

📉 Yet only ~$380 million in exports (just 0.14% of global trade)

This gap is not a limitation—it is a call to sustained action.

Momentum has continued to build. Following engagements with Türkiye, an Agreement on Halal Quality Infrastructure was signed—an important step toward strengthening standards, certification, and global competitiveness.

As we reflect two months on, the focus is clear: execution, coordination, and measurable results.

With the right implementation, Nigeria’s halal economy can:

✔️ Drive economic diversification

✔️ Boost foreign exchange earnings

✔️ Create jobs at scale

✔️ Expand our non-oil export base

Nigeria has begun the shift from being a major consumer to an emerging force in global halal production and exports.

The work is underway—and the impact must follow.

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