Nigeria Can Kickstart Industrial Development Via USD 6.7 Trillion Halal Economy: Halal Expo Nigeria 2021

Several key stakeholders at the Halal Expo Nigeria 2021 echoed similar sentiments in their view of the country’s potential to significantly jumpstart industrial development through the Halal economy. Nigeria is considered a focal point for the Halal economy on the continent, particularly through the African Continental Free Trade Agreement (AfCFTA).

Why it Matters?

Dr Abubakar Mujtaba, President of Abuja Chamber of Commerce and Industry (the Chamber), stated that though the Halal industry in the country was in an infancy stage, it remained strategically important to Nigeria’s overall economic development. Norfadalizan Abdulrahman, Managing Director of Taj Bank in Nigeria, stated that Islamic finance would be an enabler to the Halal economy,...