The Federal Ministry of Livestock Development has entered into a strategic partnership with the Federal Inland Revenue Service (FIRS) to unlock the vast economic opportunities in Nigeria’s livestock sector.

The initiative, announced during a courtesy visit by Livestock Minister Idi Muktar Maiha to FIRS Chairman Dr. Zacch Adedeji in Abuja, seeks to reposition livestock farming as a key driver of national growth outside the oil industry.

Under the collaboration, both agencies will co-design innovative fiscal incentives aimed at formalising the largely informal livestock economy, attracting private investments, and strengthening revenue mobilisation along the value chain.

Minister Maiha noted that the sector, valued at about ₦33 trillion, holds significant untapped potential, with government targeting an increase in its contribution to GDP from $32 billion to $74 billion by 2035.

Dr. Adedeji pledged FIRS’ support, stressing that improved fiscal frameworks for livestock businesses would enhance food security, create jobs, and accelerate rural development.

The partnership is expected to transform the livestock industry into a more structured, revenue-generating, and investment-friendly sector, aligning with Nigeria’s broader economic diversification agenda.