Nigeria, a country of 100 mln Muslims, is slowly expanding its Islamic economy
Nigeria is a latecomer to the global Islamic economy despite having all the fundamentals for domestic development: Africa’s largest economy and around 100 million Muslims, more than Egypt, which is the continent’s second most populated country.
Such potential was noticed by entrepreneur Ahmad Akinsemoyin some four years ago. “I looked at the surrounding environment and realised that for Muslims, a lot is lacking. Imagine, in Lagos, a city of 20 million, with around half Muslim, there are no Muslim-friendly malls, no women-only gyms, or places for Muslim entertainment. There is huge opportunity,” he said.
To try and kickstart the Islamic economy, Akinsemoyin organised HalalFiesta in 2018 to bring together companies and consumers.
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