The National President of the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture, NACCIMA, Mr Jani Ibrahim, has unveiled a 50 billion dollar livestock development roadmap aimed at transforming the sector into a major driver of economic growth in Nigeria.
Speaking at the National Stakeholders Roundtable on Transforming the Livestock Sector in Abuja, Mr. Ibrahim described the initiative as a critical step toward repositioning the industry.
According to him, “This gathering is both timely and strategic. It reflects a growing national consensus that Nigeria’s livestock sector must be repositioned… as a modern, structured, and high-value economic sector capable of driving inclusive growth.”
Mr Ibrahim highlighted the significant investment potential within the livestock industry, noting its capacity to contribute to GDP, create millions of jobs, and expand non-oil exports if properly developed.
He stressed the central role of the private sector in driving the transformation, saying, “Governments create the enabling environment, but it is businesses that innovate, invest, scale, and sustain economic growth.”
According to him, NACCIMA is collaborating with the Abuja Chamber of Commerce and Industry, the Presidential Livestock Reforms Implementation Committee, and the Federal Ministry of Livestock Development to implement a 10-year roadmap focused on modern ranching, improved veterinary services, expanded processing infrastructure, and adoption of digital technologies.
The President of the Abuja Chamber of Commerce and Industry, Dr Emeka Obegolu, while speaking, revealed that Nigeria’s private sector is taking the lead in transforming the livestock industry through strategic collaboration and investment.
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Obegolu, while describing the engagement as a milestone, said, “This roundtable is particularly significant, as it represents the first private sector-led national engagement focused on advancing the transformation of Nigeria’s livestock sector.”
He emphasised the importance of public-private collaboration, adding that sustainable economic development must be driven by strong collaboration between the public and private sectors.
The ACCI President highlighted the Chamber’s central role in mobilising stakeholders and driving sectoral development, noting that its Agriculture Trade Group serves as a key platform for engagement within the livestock ecosystem.
Furthermore, the Director General of the Abuja Chamber of Commerce and Industry (ACCI), Mr Agabaidu Jideani, called on the private sector to take ownership of Nigeria’s livestock transformation, describing the industry as critical to achieving economic growth and food security.
Mr Jideani highlighted the sector’s vast potential, despite existing challenges such as low productivity, inadequate infrastructure, and limited financing.
He stressed that Nigeria must harness its agricultural resources and growing market to unlock opportunities within the livestock value chain.