The Senate has commended the Federal Government for the launch of Nigeria’s National Halal Economy Strategy, describing it as a bold and forward-looking policy designed to position the country to competitively access the estimated $7.7 trillion global halal market and drive economic diversification.
In a statement on Saturday, the Chairman of the Senate Committee on Finance, Senator Sani Musa (APC, Niger East), said Nigeria’s entry into the global halal economy is both timely and strategic, given the nation’s vast agricultural base, large domestic market, youthful population, expanding manufacturing capacity and growing services sector.
According to him, the Committee observed that the strategy aligns closely with the administration’s broader economic reform agenda, including non-oil revenue mobilisation, export diversification, job creation, small and medium-scale enterprise (SME) development and increased foreign exchange earnings.
Senator Musa assured President Bola Ahmed Tinubu and Nigerians of the Committee’s full legislative cooperation and oversight support to ensure effective implementation, regulatory clarity and fiscal sustainability of the initiative in the overriding national interest.
