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Home Business & Economy

Nigeria’s economy looks up as FG launches livestock growth plan

NEW CITIZEN by NEW CITIZEN
September 20, 2025
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Nigeria’s economy looks up as FG launches livestock growth plan
The Economic Management Team during its meeting at the Ministry of Finance on Thursday

The Economic Management Team during its meeting at the Ministry of Finance on Thursday

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The Federal Government has launched the National Livestock Growth and Advancement Strategy (NL-GAS), a two-phased, 10-year plan aimed at doubling herd size and expand sectoral output by at least 100% by 2035 through strong public–private collaboration.

The initiative was presented on Thursday by the Minister of Livestock Development, Alhaji Idi Mukhtar Maiha, to the Economic Management Team chaired by the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, during its meeting in his office in Abuja to review Nigeria’s economic performance and sectoral priorities.

Edun affirmed that initiatives such as NL-GAS aligned with Nigeria’s broader reform agenda, demonstrate the government’s commitment to unlocking investment, enhancing food security, and laying a foundation for sustainable, private-sector-led growth.

The meeting also welcomed further signs of stability in the economy, with inflation easing for the fifth consecutive month to 20%, GDP growth holding above 3%, and a merchandise trade surplus of ₦7.4 trillion in Q2 2025 — outcomes underpinned by a competitive exchange rate and disciplined reforms.

Tags: Economic Management TeamIdi Mukhtar Maihalivestock growth planWale Edun
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