Nigeria targets $74bn Livestock growth with private Investment

The Federal Ministry of Livestock Development has reaffirmed its commitment to transforming Nigeria’s livestock sector into a $74 billion industry, following the launch of a $50 billion private sector investment initiative. The move aligns with the National Livestock Growth Acceleration Strategy, which aims to modernise production systems, strengthen value chains and unlock the sector’s economic potential.

The Ministry emphasised that private sector participation will be central to driving growth, with opportunities spanning animal health, agro processing and digital innovation. The livestock sector currently contributes about 32 billion dollars to the economy and supports millions of livelihoods, but officials say targeted investments in feed development, pasture expansion and genetic improvement could significantly boost productivity.

However, the key value identified for expansion include meat, dairy and other by-product, with strong potential for import substitution, export growth and job creation. The private sector noted that improving infrastructure, strengthening regulations and enhancing data systems will be critical to attracting investment and ensuring sustainable development across the livestock industry.