The Federal Government has intensified efforts to attract global investment into Nigeria’s livestock sector, as the Minister of Livestock Development, Idi Mukhtar Maiha, hosted international investors to քննարկ strategic offtake opportunities in red meat production and the broader agricultural value chain.
The meeting, held on Monday in Abuja, brought together a delegation from Omrantech Trading Company and Baba Frayo Investment Ltd, signaling growing foreign interest in Nigeria’s expanding livestock market.
This was contained in a statement by Henrietta Okokon, Deputy Director, Information and Public Relations.
Speaking during the engagement, Maiha outlined the Federal Government’s ambitious plan to transform the livestock sector into a globally competitive industry.
He disclosed that the sector is currently valued at over $32 billion, with projections to grow to $74 billion within the next decade.
According to the minister, the government’s strategy focuses on modernising the entire livestock ecosystem, including improvements in animal genetics, feed systems, disease control, processing, cold chain logistics, and export readiness.
He emphasized Nigeria’s strong comparative advantages, noting its proximity to Gulf markets, relatively low production costs, and a large and growing domestic market driven by a population exceeding 235 million.
“With rising global demand for red meat, particularly in the Gulf region, Nigeria is uniquely positioned to meet this demand efficiently, benefiting from shorter logistics timelines compared to traditional exporters,” Maiha said.
The minister also reassured investors of the Federal Government’s commitment to creating a business-friendly environment, promising support in areas such as land access and policy clarity to ensure smooth and profitable operations.
Discussions at the meeting extended beyond red meat production to include opportunities in feed and fodder development, veterinary pharmaceuticals, leather processing, and critical infrastructure, with a strong emphasis on enhancing food security and supply chain resilience.
Speaking on behalf of the delegation, Chairman of Omrantech Trading Company, Dr. Ali Fahd Ajouf, described Nigeria as a strategic gateway for agricultural investment in Africa.
He expressed confidence in the country’s vast potential, citing the scale of opportunities and the government’s commitment to sectoral development as key drivers for long-term investment interest.
Both parties highlighted the importance of strengthening Global South cooperation to advance food security and sustainable trade, with the delegation expected to return after further feasibility assessments.
The engagement marks a significant step toward unlocking Nigeria’s livestock potential and fostering mutually beneficial partnerships aimed at boosting exports, creating jobs, and enhancing economic growth.