Categories: BusinessNews

Nigeria’s livestock sector contributes $32bn to GDP – FG

The Federal Government says Nigeria’s livestock sector currently contributes over $32 billion to the nation’s Gross Domestic Product (GDP), with plans to grow the figure to between $74 billion and $94 billion within the next decade.

Director, Technical Office of the Permanent Secretary, Federal Ministry of Livestock Development, Peter Alike, disclosed this at a Policy Dialogue Workshop on the PRISMA Project held Thursday in Abuja.

Alike said the government’s 2025–2030 Strategic Plan aims to boost food security, job creation, and rural incomes, noting that President Bola Tinubu’s creation of a dedicated ministry underscores the importance of livestock to the economy.

“Our mission is to raise the sector’s GDP contribution from $32 billion to as high as $94 billion within 10 years,” he said, describing feed and food supply for livestock as a “national imperative.”

He called for stronger collaboration among Nigeria, ECOWAS, and regional partners to drive agricultural growth, warning against excluding Nigeria from key projects.

Also speaking, ECOWAS Regional Agriculture Agency (ARAA) chief Konlani Kanfitin reaffirmed commitment to advancing livestock research and resilience through the EU-funded PRISMA Project, which supports innovation in West Africa’s agro-pastoral systems.

LUKMAN ABDULMALIK

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