Nigerian Senate Commends Tinubu on Launch of $7.7 Trillion National Halal Economy Strategy

The Senate Committee commended Bola Tinubu for launching the National Halal Economy Strategy to access the $7.7 trillion global market. The strategy aligns with international best practices and has been successful in countries like the UK, Canada, Australia, and Saudi Arabia.

It aims to enhance manufacturing, agriculture, exports, financial markets, and foreign investments. Tinubu's administration sees this strategy as a key component of broader economic reforms to boost non-oil revenue, diversify exports, create jobs, and support small and medium enterprises.

The strategy was officially unveiled by Vice President Kashim Shettima on February 6, 2026, at the Presidential Villa in Abuja. Developed in collaboration with Saudi Arabia's HPDC, the strategy is market-driven, global-oriented, and respects Nigeria's diverse society.

The Committee estimates that the strategy could add around $1.5 billion to Nigeria's GDP by 2027 and unlock billions in domestic value over the next decade. The Senate has pledged full legislative support and oversight to ensure the smooth implementation of the strategy.