Nigeria targets doubling livestock sector’s $32bn economic contribution — Tinubu
President Bola Tinubu has said Nigeria is targeting more than doubling the livestock sector’s estimated $32bn annual contribution to the national economy as part of efforts to make the country a leading hub for livestock production and processing in Africa. Tinubu stated this on Monday in Abuja at the opening ceremony of the 9th All Read More:…
President Bola Tinubu announced Nigeria's ambition to more than double the livestock sector's $32bn economic impact, positioning the country as a leading hub for livestock production and processing across Africa. During the 9th All Africa Conference on Animal Agriculture in Abuja, Tinubu emphasized the Federal Government's commitment to transitioning livestock production from a subsistence and cultural activity to a modern, technology-driven, and commercially competitive industry.
Nigeria is home to over 58 million cattle, 64 million sheep, 124 million goats, and 660 million poultry species, contributing over $32 billion annually to the national economy. The administration has established the Federal Ministry of Livestock Development to drive the transformation, focusing on increasing productivity, strengthening value chains, improving animal health services, and expanding commercial feed production.
Tinubu pledged to reduce Nigeria's dependence on imported dairy products by doubling local milk production and urged regional cooperation to tackle shared challenges in the livestock sector.
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