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The Federal Government of Nigeria has announced plans to expand Nigeria’s livestock sector from an estimated 32 billion dollars to 74 billion dollars within the next decade as part of a broader strategy to strengthen agricultural growth and food security.
The projection is tied to the National Livestock Transformation Plan and a series of new financing initiatives aimed at improving productivity and expanding opportunities across the livestock value chain. The Federal Ministry of Livestock Development say the initiative is expected to drive investment in meat, dairy, poultry and other livestock related industries.
According to government officials, the African Development Bank is supporting the programme with a 300 million dollar facility targeted at feed production, animal health services, breed improvement and rural infrastructure development. The intervention is expected to improve livestock productivity and strengthen value chain efficiency nationwide.
The government also revealed that Nigeria’s participation in the Special Agro Industrial Processing Zones Programme has attracted more than 530 million dollars in investment to Ogun State, highlighting growing investor confidence in the agricultural sector.
Officials stated that the establishment of a dedicated Ministry of Livestock Development is aimed at unlocking economic opportunities within the livestock industry while improving sector coordination and long-term sustainability.
In addition, a 20 million dollar grant from development partners is expected to support the national school feeding programme, improve child nutrition and create a stable market for local livestock and agricultural producers.
The government believes the livestock expansion strategy will contribute significantly to economic diversification, rural development, employment generation and national food security over the coming years.
May 18, 2026/Nigeria/
https://www.livestocktrend.com/
