• Plan aims to grow sector value to $74 billion

• Focus on modernization, infrastructure, and boosting productivity across value chains

Nigeria’s government has unveiled a $50 billion private sector-backed livestock investment programme aimed at expanding the industry.

Supported by the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), the initiative seeks to boost growth across the sector.

Authorities announced the programme on Tuesday, March 31, during a national stakeholder roundtable on livestock sector transformation. It aims to more than double the sector’s economic contribution from about $32 billion to $74 billion.

NACCIMA President Jani Ibrahim said the plan is a 10-year strategy to modernise livestock systems, expand infrastructure and promote digital innovation. He added that while the government will set the framework, private investors will drive growth.

FG, Private Sector Align on $50bn Livestock Initiative to Drive $74bn Growth Target

The Federal Ministry of Livestock Development has reaffirmed its commitment to transforming Nigeria’s livestock sector into a $74 billion economic powerhouse, following the unveiling of a $50… pic.twitter.com/Gn791CRSvx

— Federal Ministry of Livestock Development (@Ngfmld) April 1, 2026

Minister of Livestock Development Idi Mukhtar Maiha welcomed the initiative, describing it as aligned with the National Livestock Growth Acceleration Strategy (NL-GAS). He said the private sector would play a central role in delivering the transformation.

“The future of Nigeria’s livestock sector depends on bold, private sector-led investment across the value chain,” he said. “We see the private sector not just as participants, but as the primary drivers of this economic revolution, with vast opportunities spanning agro-processing, animal health, and digital innovation.”

The minister identified red meat, dairy and leather as priority value chains, citing their potential to reduce imports, expand exports and create jobs. He also stressed the need to invest in feed production, pasture development, animal health and genetic improvement to raise productivity.

Strong potential, persistent gaps

Livestock is a major contributor to Nigeria’s economy and supports millions of livelihoods, particularly in rural areas.

Government data show the sector employs about 30% of the rural population and accounts for 35% of agricultural GDP, but only 2% to 5% of national GDP, highlighting its underdevelopment. The industry also faces structural challenges that limit its ability to meet rising demand.

One initiative aimed at addressing these constraints is the Nigeria Livestock Productivity and Resilience Support Project (L-PRES), a six-year programme backed by the World Bank and launched in 2022-2023. It focuses on improving productivity, strengthening farmer resilience and developing key value chains.

Separately, in April 2025, the government said it aims to double the national herd to around 400 million head by 2035 through policy measures. That would more than double current levels, which are largely made up of sheep, goats and cattle.

Lydie Mobio