The Senate don commend di Federal Government for wetin e describe as bold and forward-looking launch of Nigeria National Halal Economy Strategy, policy wey aim to position di country to compete for di estimated $7.7 trillion global halal market and fast-track economic diversification.
For statement wey Chairman, Senate Committee on Finance, Senator Sani Musa (APC, Niger East) sign, di lawmaker say Nigeria move enter global halal economy dey timely and strategic, considering di country strong agricultural base, large population, expanding manufacturing capacity and growing services sector.
Senator Musa note say di Committee observe say di strategy dey align well with di current administration economic reform plans, including non-oil revenue mobilisation, export diversification, job creation, SME growth and foreign exchange earnings.
According to di statement, di Senate Committee on Finance warmly commend President Bola Ahmed Tinubu for launching di initiative, say many developed and emerging economies don already use halal economy frameworks to grow trade, manufacturing and investment.
He mention countries like United Kingdom, Canada, Australia, Malaysia, Indonesia, Saudi Arabia, United Arab Emirates, Turkey, Brazil, Thailand and Singapore as examples wey don successfully use di halal ecosystem to boost agriculture, deepen financial markets and attract foreign investors.
“Against dis background, Nigeria entry into di global halal economy dey timely and strategic, especially with our large market, youthful population and growing industrial capacity,” di statement talk.
Senator Musa also stress say di National Halal Economy Strategy na inclusive and market-driven, designed to improve quality standards, certification and competitiveness across different sectors, while still respecting Nigeria diversity.
He assure President Tinubu and Nigerians say di Senate Committee on Finance go give full legislative backing and oversight support to ensure proper implementation, clear regulations and fiscal sustainability of di policy for di overall national interest.
According to di Committee, di move show say Nigeria dey ready to adopt tested global models, unlock new economic opportunities and position itself as serious player for di evolving global economy.
