Nigeria’s Halal Ambition: $7.7 Trillion Market in Sight with Saudi Partnership

Nigeria is positioning itself to become a major player in the global halal market, with ambitious goals to tap into the $7.7 trillion sector. A significant step towards this ambition was the cooperation agreement signed in February 2025 with Saudi Arabia’s Halal Products Development Company (HPDC). This partnership aims to facilitate investment, technical cooperation, and market access across key sectors, including food, pharmaceuticals, finance, and livestock. The collaboration seeks to establish Nigeria as a hub in the halal market, leveraging the increasing global demand for ethical and Shariah-compliant products and services. With the global halal market expected to reach USD 9.71 trillion by 2025, Nigeria’s strategic alliance with Saudi Arabia could unlock substantial economic benefits and solidify its position in this rapidly expanding industry.