Shettima: Nigeria must prioritise its strength to become hub of halal economy

Vice-President Kashim Shettima says Nigeria’s economic size provides an advantage in developing a vibrant halal investment sector.

Shettima spoke on Wednesday during the halal economy stakeholders engagement programme in Abuja.

On September 16, the federal government said increasing halal exports would add $1.5 billion to Nigeria’s gross domestic product (GDP) by 2027.

Speaking during the event, the vice-president said for Nigeria to become a hub for opportunities in the halal economy, it must first reassess its weaknesses and prioritise its strength.

“Today’s engagement provides a platform for us to collaborate with key international organisations,” Shettima said.

“This will allow us to develop a comprehensive halal ecosystem and agree on strategies that will position Nigeria as a top halal exporter, targeting high-value markets.

“With the global halal economy projected to reach a market value of $7.7 trillion by 2025, this opportunity is not only recognised by…