Nigeria targets N150 billion annual income from livestock exports

09.04.2025 395 views

The Nigerian Export Promotion Council has said Nigeria can generate over ₦150 billion annually through livestock exports if it complies with international livestock market standards.

The Executive Director (ED) NEPC, Nonye Ayeni, said this at the ongoing Value Chain Enhancement and Infrastructure Clinic for Effective Livestock  Supply Chain and Innovative Market Orientation on Wednesday in Abuja.

The clinic was organised by the Livestock Productivity Enhancement and Resilience Support Project (L-PRES).

Mr Ayeni, represented by Macpherson Ileogben, Deputy Director, Product Development, NEPC, said there was a need to enhance the value chain to leverage vast opportunities in the livestock sub-sector, which included establishing processing plants for meat, dairy and hides.

According to him, this could be through a multi-dimensional approach including research, infrastructure and policies while fostering collaboration between the government, private sector and local communities.

Mr Ayeni said the approach would help in addressing quality concerns and implementing an animal traceability system, which remains crucial for accessing the global market.

Mr Ayeni, who identified Nigeria as one of Africa’s top producers and exporters of leather, said there was high demand in Europe, Asia and North America.

The ED said to double the country’s exports and meet market demands, stakeholders must collectively tackle the prevailing issues in the sector.

Mr Ayeni said, “Agriculture remains a linchpin of Nigeria’s economy, contributing about 25 per cent to the nation’s GDP and employing much of the country’s workforce. The livestock subsector which is subsumed in agriculture/agribusiness contributes significantly to the economy and food security by providing protein, generating employment and creating wealth. It is quite strategic and known to produce meat, dairy and leather products. NEPC is committed to this course and is always ready to promote livestock product export in Nigeria.”

Special Assistant to the President on Export Expansion, Office of the Vice President, Aliyu Sheriff, said the livestock sector played an important role in Nigeria’s economy and food security.

He said it contributes significantly to agricultural GDP and provides livelihood for a number of Nigerians in rural areas.

Mr Sheriff further identified the sector as providing an avenue for economic diversification on foreign exchange earnings and sustainable growth.

He stated, “We give credit to President Bola Tinubu for fully supporting the sector and creating a new ministry and see how we can tap into the opportunities that lie in the sector. Brazilian delegations were here a month ago to see how they can invest in the country’s livestock sector. These are all avenues for Nigeria to tap into the sector and diversify our economy and generate more foreign exchange. This is an opportunity to create jobs for many Nigerians and empower our youths.’’

President of the Nigeria-Saudi Chamber of Commerce, Ibrahim Usman, said there was a need to develop the sector well to generate lots of foreign earnings for the country.

Mr Usman said livestock sector development was not only for local consumption or Nigeria’s food security but also for external and export to enable the country to generate foreign exchange.

He stated, “The only way to do it is through investment; the federal government cannot do it alone, nor can Nigeria investors but if we open the market internationally, especially to the Saudis, who import all their produce. They need the red meat, goat and sheep, so this is extremely important and market access is a key aspect of the L-PRES project which will bring foreign exchange to Nigeria. Saudis import most of their food; therefore, Nigeria is an excellent ground for the export of the produce because we need the foreign exchange and new investment in areas of agriculture. We develop our own internal food security but we must also create an avenue for people to invest in the country to bring fresh equipment and technology to aid our human capital status.’’ 

 

Source - https://gazettengr.com

25.08.2026

Avocado growers in New Zealand assess crop losses after -5°C frost

New Zealand avocado growers are assessing crop losses after temperatures fell to around -5°C on the nights of August 5 and 6. The frost affected orchards in several growing regions, including the Bay of Plenty, as the harvest was building.

25.08.2026

Insurtech Veltha builds AI claims adjuster for workers’ comp and crop insurance

Veltha, a Y Combinator S26 Insurtech startup, is building an AI claims adjuster for regulated insurance markets, starting with workers’ compensation and crop insurance.

25.08.2026

India - Kerala’s Onam festival marred by a weaker monsoon and subsequent crop loss

On August 16 this year, the first day of the ten-day harvest festival of Onam in Kerala, P. Vijayalakshmi made her way to a restaurant in Thiruvananthapuram. For the first time in her life, the 72-year-old has purchased a ready-to-eat “packet Onam sadhya” or Onam feast rather than preparing it herself.

25.08.2026

Drought takes heavy toll on Luxembourg harvests

Recent rainfall has not been enough to make up for the prolonged dry spell, with some farmers expecting significant losses this year.

25.08.2026

India - Govt takes its own sweet time: ‘Perfect storm’ of inaction & falling production makes sugar dear

Agricultural experts say the warning signs had been visible for years, with sugar production falling from 35.9 million tonnes in 2021-22 to 32 million tonnes in 2023-24.

25.08.2026

Australia - NIBA takes its agriculture forum to regional NSW as drought tightens

A one-day forum on farm risk lands in Orange on September 22, as drought conditions are forecast to continue across much of the Central West.

24.08.2026

Canada - Monette Farms restructuring update: Crop insurance dispute and U.S. land deal

Monette Farms is facing a previously unpublicized hurdle in its restructuring effort, as court documents show the Saskatchewan Crop Insurance Corporation (SCIC) seeking a payment of $1.9 million to maintain the large farm's 2026 crop insurance coverage in Saskatchewan.

24.08.2026

India - Sukhjinder Randhawa raises concerns over 73 lakh farmers leaving Crop Insurance Scheme, questions Centre

Senior Congress leader, Rajya Sabha MP and former Punjab Deputy Chief Minister Sukhjinder Singh Randhawa on Monday questioned the Centre’s agricultural policies, citing a reported decline in enrolment under the Pradhan Mantri Fasal Bima Yojana (PMFBY) and a sharp fall in cotton cultivation in Punjab, Haryana and Rajasthan.