FG Moves to Reposition Livestock Sector as Key Driver of Nigeria’s Economy
The Federal Government of Nigeria has taken a decisive step toward transforming Nigeria’s livestock industry into a major contributor to national economic growth with the inauguration of a Technical Sub-Committee dedicated to the sector’s development.
The Minister of Budget and Economic Planning, Senator Abubakar Atiku Bagudu, announced the initiative during a strategic policy meeting in Abuja, describing it as part of President Bola Ahmed Tinubu’s broader economic reform agenda.
According to the minister, the Tinubu administration has elevated livestock production from its long-standing status as a subsistence and marginal farming activity to a strategic economic sector capable of driving growth, creating jobs and boosting agricultural productivity nationwide.
He said the newly established Technical Sub-Committee has been tasked with designing and fast-tracking a comprehensive roadmap that will attract private investors, development partners and international financiers into the livestock value chain.
Senator Bagudu noted that the Federal Government is focused on providing clear, stable and predictable policies to reduce investment risks, stimulate confidence and unlock billions of naira in livestock production, processing and distribution.
He further disclosed that the sector’s expansion will receive strong financial backing through strategic funding from the World Bank-supported Livestock Productivity and Resilience Support (L-PRES) project, as well as the Renewed Hope Ward-Based Development Plan.
The government’s long-term vision, he explained, is to modernise livestock production by moving away from traditional practices and adopting efficient, technology-driven systems that can generate sustainable wealth and economic opportunities across Nigeria’s 8,809 wards.
Observers say the renewed focus on livestock development is expected to strengthen food security, enhance rural livelihoods and position the sector as a significant pillar of Nigeria’s diversified economy.
