By Muhammad Sulaiman
Nigeria and Saudi Arabia have signed a strategic agreement to enhance their participation in the global halal economy, valued at $7.7 trillion. The deal focuses on boosting halal trade, investment, and certification, fostering economic cooperation between the two nations.
Signed during high-level meetings, the agreement positions Nigeria as a key player in halal industries, including food, finance, pharmaceuticals, and cosmetics.
Saudi Arabia, a dominant force in the sector, will provide expertise and market access to support Nigeria’s expansion.
Officials believe the partnership will create jobs, enhance exports, and attract foreign investment, positioning Nigeria as a leading halal market in Africa.