Nigeria is positioning itself to capture a larger share of the more than $7 trillion global halal economy.
This is even as the federal government is targeting over $12 billion in investment and moving to establish national standards aimed at making Nigerian products more competitive in international markets.
Sheikh Yousef Hassan Khalawi, secretary-general of the Islamic Chamber of Commerce and Development (ICCD), said Nigeria has the population, natural resources, entrepreneurial capacity and market access required to become a major production and investment hub in the global halal economy, but must move beyond exporting raw materials to processing, manufacturing and branding.
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Speaking at the Lagos Halal Leadership Reception, Sheikh Yousef said Nigeria had an opportunity to become a leading production and investment hub within an economy valued at more than $7 trillion.
