FG targets $74bn livestock sector GDP by 2035

The federal government yesterday said it plans to increase the livestock sector’s Gross Domestic Product (GDP) contribution to the economy from $32 billion to $74 billion (about N1.2 trn) by 2035. The Minister of Livestock Development, Alhaji Idi Mukhtar Maiha, stated this at the 2nd edition of the ministerial briefing organised by the Federal Ministry […]

The federal government yesterday said it plans to increase the livestock sector’s Gross Domestic Product (GDP) contribution to the economy from $32 billion to $74 billion (about N1.2 trn) by 2035.

The Minister of Livestock Development, Alhaji Idi Mukhtar Maiha, stated this at the 2nd edition of the ministerial briefing organised by the Federal Ministry of Information and National Orientation held at the National Press Centre, Radio House, Abuja.

Alhaji Maiha said that the development of the Nigeria Growth Acceleration Strategy 2025-2035 will position the country as a key player in both domestic and international markets for animal protein, similar to leading producers like Brazil, Argentina and the USA.

The minister said that the ministry “has taken decisive steps to improve livestock security through the establishment of a National Animal Identification and Traceability System (NAITS).”

• Benue’s comatose state-owned companies: A shadow of past glory
• Mocked and rejected: Story of Nigerian teacher shortlisted for $1m global prize

He said, “This initiative was introduced to address cattle rustling, theft and challenges in tracking animal movement, as the system is designed to provide accurate data on the national livestock population, support disease monitoring and control, facilitate compliance with international trade regulations, and strengthen security measures against livestock-related crimes.”