Nigeria Aims to Double Livestock Sector's $32bn Contribution

On Monday, President Bola Tinubu stated Nigeria aims to more than double the livestock sector's estimated $32 billion annual contribution to the national economy. This announcement was made during the opening ceremony of the 9th All Africa Conference on Animal Agriculture in Abuja, where Tinubu was represented by George Akume, the Secretary to the Government of the Federation.

He emphasized the government's commitment to transforming livestock production from a subsistence activity into a modern, technology-driven industry. The establishment of the Federal Ministry of Livestock Development in July 2024 was described as a historic decision that underscores this commitment.

Tinubu outlined the National Livestock Growth Acceleration Strategy, which focuses on increasing productivity, strengthening value chains, and promoting climate-smart production systems. He also mentioned ongoing institutional reforms aimed at improving governance and creating a conducive environment for private sector investment in the livestock value chain.