Nigeria Halal Economy Strategy Targets $12 Billion in Investment

Nigeria is targeting more than $12 billion in investment under its National Halal Economy Strategy, according to Leadership and The Guardian (Nigeria), both of which covered the Lagos Halal Leadership Reception on August 27, 2026. The committee was inaugurated March 3, 2026, per Leadership, and its secretariat has consolidated the rollout into 13 delivery clusters with defined milestones.

Halal 360 and The Metropolitan Law Firm hosted the reception, Leadership reported. Four bodies came in as partners: the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA); the Halal Products Development Company (HPDC); NHESICS, the secretariat of the implementation committee; and the Islamic Chamber of Commerce and Development (ICCD). Ummahani Ahmad Amin, Managing Partner of The Metropolitan Law Firm and coordinator of the gathering, said it served as “a policy and stakeholder engagement platform rather than a commercial event,” per Leadership.

Officials Press the Case in Lagos

In remarks delivered on his behalf by Dr Doris Uzoka-Anite, Minister of State for Budget and Economic Planning, Vice President Kashim Shettima said, “Nigeria must not remain a consumer of halal products while other countries capture the greater value generated from the sector,” according to Leadership. Shettima set out the sectors the strategy covers: cosmetics, digital commerce, food and beverages, finance, manufacturing, pharmaceuticals, logistics and tourism, The Guardian (Nigeria) reported.

Engr. Dr Jani Ibrahim, National President of NACCIMA and a board member of ICCD, said, “Nigeria must move from discussing the potential of the halal economy to implementing policies that would drive investment, trade and market access,” per Leadership. Sheikh Yousef Hassan Khalawi, Secretary General of the ICCD, told the gathering that Nigeria had an opportunity to secure a far bigger share of the global halal economy, a sector he called one of the world’s fastest growing, Leadership reported. Leadership and The Guardian (Nigeria) both put the global halal economy at $7 trillion. Vanguard reported the ICCD pressing the same case, that Nigeria should be a major player in what it called a $7 trillion global economy.

What Has Moved Since March

Nigeria stood up the body behind the strategy, formally the Nigeria Halal Economy Strategy Implementation Committee, on March 3, 2026, Leadership reported. Its four workstreams have been activated, and its secretariat, NHESICS, has grouped the work into 13 delivery clusters, each carrying defined milestones, according to Leadership. The Halal Times reported on Nigeria and the halal economy in November 2025.

The Halal Mark and the Verification Platform

The Guardian (Nigeria) reported that Nigeria is developing a national halal mark and creating a platform to handle accreditation and verification.

Financing Partners and the States Showing Interest

The Guardian (Nigeria) linked three financing and partner bodies to the strategy: the Islamic Development Bank, the Arab Bank for Economic Development in Africa (BADEA), and the D8 Halal Forum. Leadership described the $12 billion as a capital-mobilization target. Three states, Osun, Katsina and Kano, have expressed interest in domesticating the strategy, according to Leadership and The Guardian (Nigeria).

Leadership reported the secretariat’s 13 delivery clusters and their defined milestones, and both Leadership and The Guardian (Nigeria) reported interest from Osun, Katsina and Kano in domesticating the strategy. It’s a rollout still taking shape at the point both papers filed.

Frequently Asked Questions

How much investment is Nigeria’s halal economy strategy targeting?

Nigeria is targeting more than $12 billion in investment under its National Halal Economy Strategy, according to Leadership and The Guardian (Nigeria), both of which covered the Lagos Halal Leadership Reception held on August 27, 2026.

When was Nigeria’s halal economy implementation committee formed?

Nigeria inaugurated the committee on March 3, 2026, Leadership reported, and its four workstreams have been activated.

What is Nigeria still building to implement its halal economy strategy?

The Guardian (Nigeria) reported the national halal mark as under development, and the accreditation and verification platform as being built. They’re both still in progress, per that report.

Which states are interested in Nigeria’s halal economy strategy?

Osun, Katsina and Kano have expressed interest in domesticating the strategy at state level, according to Leadership and The Guardian (Nigeria).

Which international bodies are tied to Nigeria’s halal economy strategy?

The Guardian (Nigeria) named the Islamic Development Bank, the Arab Bank for Economic Development in Africa (BADEA), and the D8 Halal Forum as financing and partner bodies tied to the strategy.