FG, private sector align on $50bn livestock investment to drive $74bn growth target

The Federal Government has projected a $50 cardinal concern inaugural successful the livestock assemblage arsenic portion of its efforts to alteration Nigeria’s livestock into a $74 cardinal industry.

The improvement was disclosed astatine the National Stakeholders Roundtable connected Transforming the Livestock Sector held successful Abuja connected Tuesday, March 31 2026, arsenic shared connected the authoritative leafage of the Federal Ministry of Livestock Development.

Speaking astatine the event, the Minister of Livestock Development, Idi Mukhtar Maiha, described the inaugural by the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture NACCIMA, arsenic a strategical measurement toward accelerating maturation successful the sector.

He noted that authorities unsocial cannot thrust the translation and that the aboriginal of Nigeria’s livestock assemblage depends connected bold, backstage sector-led concern crossed the worth chain.

According to the statement, helium noted that the livestock assemblage presently contributes astir $32 cardinal to the nation’s system and supports millions of livelihoods, but inactive holds important untapped potential.

According to him, the authorities is focusing connected cardinal areas specified arsenic provender development, pasture expansion, carnal wellness systems, and familial betterment to boost productivity.

Maiha besides identified reddish meat, dairy, and leather arsenic precedence worth chains susceptible of driving occupation creation, reducing imports, and expanding exports.

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