The Nigerian government has unveiled the National Livestock Growth Acceleration Strategy, a bold initiative aimed at expanding the country’s livestock industry from its current $32 billion valuation to $74 billion by 2035. The program seeks to diversify the national economy, strengthen food security, and create millions of rural jobs.
Minister of Livestock Development, Idi Maiha, announced the strategy at the 2025 Agriculture Summit Africa (ASA) in Abuja, hosted by Sterling Bank under the theme, “Survival of the Greenest: Reclaiming Africa’s Food Destiny.” Maiha urged financial institutions to establish dedicated livestock desks to provide increased funding for pastoralists and processors, unlocking the sector’s full potential. “If achieved, this target could significantly reduce Nigeria’s dependence on imported animal products, create millions of rural jobs, and position the country as a major player in Africa’s livestock market,” he said.
Group Head of Agric and Solid Mineral Finance at Sterling Bank, Olushola Obikanye, described ASA 2025 as “a journey of ideas, conviction, and hope for Africa’s agricultural future.” He called on African countries to forge stronger partnerships, deploy catalytic financing, and ensure practical policy implementation to accelerate agricultural transformation and achieve food security. Obikanye noted, “The voices from across the continent have affirmed one truth: Africa’s narrative is being rewritten, not by chance, but by the courage, innovation, and resolve of people who refuse to accept limits.”
Yobe Governor Mai Mala Buni, represented by the state’s Permanent Secretary for Agriculture, Garba Usman, reaffirmed his administration’s commitment to mechanized farming and rural empowerment, emphasizing the importance of coordinated efforts to scale livestock production.
The summit also featured contributions from key industry leaders, including Noor Takaful Vice Chairman Aminu Tukur, Bank of Agriculture Chairman Mohammed Babangida, and Sunbeth Global Concepts Managing Director Olasunkanmi Owoyemi, highlighting the collaborative approach required to strengthen Nigeria’s livestock sector and stimulate inclusive economic growth.
The National Livestock Growth Acceleration Strategy is poised to enhance domestic production, reduce import dependence, and open opportunities for investment and entrepreneurship within Nigeria’s livestock value chain, benefiting MSMEs and rural communities alike.
