Nigeria’s livestock plan set to drive growth
Nigeria’s livestock sector is gaining fresh attention as a new development framework promises to open up opportunities across the industry.
The President of the Abuja Chamber of Commerce and Industry, Akajiugo Emeka Obegolu, has shared an optimistic outlook, stating that the initiative could create up to 350,000 jobs within its first two years.
According to Obegolu, the framework is designed to attract investment and support growth across the entire livestock value chain. Central to this effort is the planned Livestock Development Fund, which aims to make financing more accessible for farmers, processors, and other stakeholders. With better access to funding, businesses in the sector are expected to expand and improve their operations.
He also praised the current administration for establishing a dedicated Ministry of Livestock Development, describing it as a timely and strategic move. This step, he explained, gives the sector the focused attention it needs to reach its full potential. Rather than taking direct control, the government is encouraged to create supportive policies and regulations that allow private investors to play a leading role.
The scale of opportunity within the livestock industry is significant. Obegolu noted that the sector could be worth around 33 trillion naira, covering areas such as meat production, dairy, leather, and poultry. With proper planning and investment, these segments can contribute strongly to economic growth.
He highlighted the importance of improving key areas such as feed systems, animal breeding, and veterinary services. Advancing techniques like artificial insemination and better genetics can help increase productivity and efficiency across farms.
Another major focus is the need to modernise how meat is processed and transported. Moving away from the traditional practice of transporting live animals over long distances, he suggested a system that relies on processed meat and cold chain logistics. This approach would reduce losses, maintain quality, and improve overall efficiency.
With growing collaboration between the government and private sector, the livestock industry is steadily moving towards a more structured and sustainable future. The proposed framework is expected to support job creation, improve food supply, and strengthen Nigeria’s wider economy.