Nigeria has over 100 million Muslim population which makes it an ideal marketplace and a place worth trillions of Dollars. The Halal industry now spans across food processing, food service, cosmetics, personal care, pharmaceuticals & logistics industries and expanding further into lifestyle offerings including Halal travel & hospitality services.
As the Halal movement gains traction, the global industry sets its sights on Nigeria's growing demand for Shariah-compliant goods. Home to one of the world's largest Muslim population next to Indonesia, India, Nigeria does have one of the world's most viable Halal markets.
Halal markets have grown from Halal food to new areas like Halal cosmetics, Halal logistics, Halal fashion, and Muslim-friendly tour and travel services. Islamic finance, relatively a mature interest-free market that caters to the Muslim consumer, has estimated the total assets of shariah-compliant products across the world.