Nigeria Halal Markets Report 2023 launched in Abuja

The report, launched on 27th April 2023 at the Transcorp Hilton in Abuja, provides a comprehensive national halal markets framework focusing on 16 strategies to achieve this goal. Dr. Mansur Muhtar, Vice President of the Islamic Development Bank (IsDB), provided the keynote address. Goodwill messages were provided by honorable ministers, distinguished senators and honorable guests:

His Royal Highness, Alhaji Aminu Ado Bayero, Emir of Kano; His Royal Highness, Alhaji Najib Hussaini Adamu, Emir of Kazaure; His Royal Highness, Alhaji Ahmed Nuhu Bamalli, Emir of Zazzau; His Eminence Muhammadu Sa’ad Abubakar, The Sultan of Sokoto; His Royal Highness, Alhaji Nasiru Ado Bayero, Emir of Bichi; H.E. Zainab Shamsuna Ahmed, Minister of Finance, Budget and National Planning; Representative of Dr. Mohammed Mahmood Abubakar: Minister, Ministry of Agriculture; Amb. Mariam Yalwaji Katagum: Hon. Minister of State for Industry, Trade and Investment, Federal Ministry of Industry, Trade and Investment; Ambassadors of Gambia, Saudi, Qatar, Morocco, Tunisia and France; H.E. Mr. Yerlan Baidaulet, Director General, Islamic Organisation for Food Security (IOFS); H.E. Mrs. Latifa El Bouuabdellaoui, Director General, Islamic Center for Development of Trade.

The report indicates that incremental export and import substitution alone can boost the country’s GDP by US$1.49 billion. Nigeria’s exports currently represent only 5.7% of Africa’s US$4.2 billion halal products exports to OIC countries. If Nigeria increases its share of exports to the OIC from 2% to 6%  (mid-scenario) in the next four years, its exports to the OIC will increase from US$240 million to US$788 million, boosting Nigeria’s GDP by US$548 million. Some key products Nigeria should prioritize for exports include cocoa preparations, meat and edible meat offal, sugar and confectionery, live animals, and medicaments.