NACCIMA seeks to position Nigeria in global Halal economy

Nigeria is set to deepen its participation in the global Halal economy, as the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) explores strategies to integrate Halal practices into the country’s economic framework.

This was disclosed by Alhaji Jani Ibrahim, National President of NACCIMA and Chairman of the Organized Private Sector of Nigeria, in an exclusive interview with SolaceBase at the London Halal Forum last week in the United Kingdom.

“Halal is a very important economic activity that Nigeria is striving to leverage. The industry is expected to reach a five-trillion-dollar global market in the coming years, but Nigeria is currently not as active as other parts of the world,” Ibrahim said.

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He added that NACCIMA, as a member of the International Chamber of Commerce and Development (ICCD), is collaborating with global partners to ensure that Halal practices are fully integrated into Nigeria’s economic system.

“We are participating actively and supporting this process. We hope to host a Halal program that will attract stakeholders from all over the world to Nigeria.

“This initiative is a key enabler towards achieving President Bola Ametunungbu’s vision of a one-trillion-dollar economy by 2030,” he explained.

On plans for a Nigerian Halal program, Ibrahim revealed that dates have not yet been fixed, but emphasized the vision to host not only a national but an African Halal program that would draw participants from across the continent.

“Through the African Continental Free Trade Area (AfCFTA) framework, Nigeria can lead this strategic initiative for the benefit of both our country and other African nations,” he said.

Addressing concerns about small and medium enterprises (SMEs), which he described as the “engine bloc” of the economy, Ibrahim emphasized the importance of readiness and certification.

“We need our micro, small, and medium enterprises to be strong and prepared for export. Certification is critical to ensure that products meet international standards and are properly received in global markets.

NACCIMA is working to resolve financial and operational challenges to empower SMEs to seize these opportunities,” he stated.

Ibrahim’s visit to London underscores Nigeria’s growing interest in tapping into the lucrative global Halal market, positioning the country for increased exports and economic diversification.