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NIGERIA AND SAUDI ARABIA SIGN DEAL TO BOOST $7.7TRN HALAL ECONOMY

todayFebruary 28, 2025

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The Nigerian  Government has sealed a deal with Saudi Arabia’s Halal Products Development Company (HPDC) to make Nigeria a leading player in the global halal market valued at $7.7 trillion.

At the signing of the deal in Saudi Arabia, Vice President KASHIM SHETTIMA, who was represented by the Deputy Chief of Staff to the President, (Office of the Vice President) IBRAHIM HADEJIA said the agreement is a game-changer, stressing that it will transform Nigeria into a global halal economic powerhouse.

 He noted that the agreement aligns perfectly with the Renewed Hope Agenda by creating new jobs, attracting foreign direct investment, and diversifying our economy.

The Nigerian delegation included the Chairman of Dar Al Halal Group, Muhammadu LADAN DIKKO; the Chairman of the Board of Directors, Bank of Industry , Mansur Muhtar; Minister of Trade and Investment JUMOKE ODUWOLE who was represented by NURA RIMI; Minister of Foreign Affairs, YUSUF TUGGAR, represented by MAHMOUD LELE, and the Representative of the Standard Organization of Nigeria, HAJIYA AMINA,among others.

Written by: Ella Adike

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