Vice-President Kashim Shettima says Nigeria’s economic size provides an advantage in developing a vibrant halal investment sector.
On September 16, the federal governmentincreasing halal exports would add $1.5 billion to Nigeria’s gross domestic product by 2027.
“With the global halal economy projected to reach a market value of $7.7 trillion by 2025, this opportunity is not only recognised by Muslim-majority countries but also seized by non-Muslim nations, which have become leading exporters of halal products.
He said the lack of clarity and understanding surrounding compliance with investments in the halal economy had stifled wide potential in savings, business ventures, and investments. Shettima said as Islamic banks continue to penetrate international markets, Nigeria is inspired to position itself as leader in the growing sector, ensuring that Nigerians fully explore the opportunities it provides.In his remarks, Ibrahim Hassan Hadejia, deputy chief of staff to the president , stressed the importance of the initiative.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nigeria seeks stronger diplomatic, trade ties with TanzaniaVice President Kashim Shettima has called for strengthened cooperation between Nigeria and Tanzania.
Read more »
Shettima seeks Tanzania’s cooperation for Africa’s growthVice President Kashim Shettima, yesterday, called for strengthened cooperation between Nigeria and Tanzania in shared
Read more »
Jigawa governor congratulates Vice President Shettima on his 58th birthdayExtolling the virtues of the Vice President, Mr Namadi further described him as a beacon of hope and a steadfast advocate for economic empowerment, job creation, and technological advancement.
Read more »
Real reasons Tinubu picked Shettima as Vice PresidentGovernor Dapo Abiodun of Ogun State on Monday disclosed why President Bola Tinubu picked Kashim Shettima as his Vice President. Abiodun said Shettima’s statesmanship, resourcefulness and “penchant for paradigm change” made him a suitable choice for the position of Vice President.
Read more »
'Intellectual par excellence' – Dapo Abiodun celebrates Shettima on 58th birthdayDapo Abiodun, governor of Ogun, has celebrated Vice-President Kashim Shettima on his 58th birthday
Read more »
PHOTOS: Shettima, Atiku, Obi attend funeral of Yar'Adua's mother in KatsinaVice-President Kashim Shettima and Atiku Abubakar, former vice president, attended the funeral service of the late Dada Yar’Adua, the mother of the former late President Umaru Musa Yar’Adua.
Read more »