Tinubu unveils plan to double Nigeria’s $32bn livestock economy, promotes ranching, dairy investment

President Bola Tinubu has announced plans to more than double Nigeria's livestock sector contribution to the national economy. According to Punch, the sector currently contributes an estimated $32 billion annually. Tinubu, represented by Secretary to the Government of the Federation George Akume, made the announcement at the 9th All Africa Conference on Animal Agriculture in Abuja.

The President stated that the Federal Government aims to transform livestock production from a largely subsistence and cultural activity into a modern, technology-driven, and commercially competitive industry. Nigeria has one of the largest livestock populations in Africa, with over 58 million cattle, 64 million sheep, 124 million goats, and 660 million poultry species.

Tinubu's administration plans to position Nigeria as a leading hub for livestock production and processing in Africa. The national strategy aims to achieve this by more than doubling the sector's economic contributions.

Brief written by urgent.news from TheCable, Punch, Punch Nigeria — 3 reports on this story. Machine-written — it may contain errors, so check the original before relying on it.