FG Launches Major Reforms for Nigeria's Livestock Sector

The Federal Government of Nigeria is intensifying its efforts to transform the livestock sector, which is seen as a critical driver for economic growth and food security. Abubakar Bagudu, the Minister of Budget and Economic Planning, announced this initiative during a stakeholders' roundtable at the Abuja Chamber of Commerce and Industry.

He outlined a multi-level reform strategy designed to align policies and strengthen private sector-led investments. The livestock sector, which contributes only five percent to Nigeria's Gross Domestic Product (GDP), has significant potential for growth, particularly given Nigeria's demographic advantages.

The government aims to establish a transparent framework to encourage private sector participation and to mobilize resources to address structural gaps. Vice President Kashim Shettima, chairing the National Economic Council, is leading a whole-of-government approach to ensure consistent and impactful interventions across federal, state, and local levels.

The reforms are expected to enhance productivity, create jobs, and significantly contribute to national output.