The Federal Government has set an ambitious target to raise the livestock sector’s contribution to Nigeria’s Gross Domestic Product (GDP) from about $32 billion to $74 billion within the next decade, a move aimed at boosting economic diversification, food security, and job creation.
The Minister of Livestock Development, Idi Mukhtar Maiha, disclosed this during a stakeholder engagement with operators across the livestock value chain, where he outlined the government’s roadmap for transforming the sector into a major pillar of the national economy.
According to the minister, the goal will be pursued through the National Livestock Growth Acceleration Strategy (NL-GAS), a comprehensive framework designed to modernise livestock production. The strategy prioritises improved animal health services, enhanced feed and pasture development, stronger value chains, and increased access to finance and markets.
Maiha noted that the Federal Government is also encouraging a shift from traditional open grazing to more sustainable and modern livestock management systems, including ranching, to improve productivity, reduce farmer-herder conflicts, and promote environmental sustainability.
He explained that Nigeria’s livestock industry remains largely underdeveloped despite its vast potential and could become a major source of employment and investment if properly structured and supported.
The government reaffirmed its commitment to collaborating with state governments, the private sector, and development partners to attract investment and ensure effective implementation of the strategy.
Industry stakeholders described the target as bold but achievable, stressing that consistent policy implementation, adequate funding, and private sector participation will be critical to realising the projected $74 billion GDP contribution within the proposed timeframe. Visit www.jocomms.com for more news.