Nigeria’s Finance Minister and Coordinating Minister of the Economy, Wale Edun, last week underscored the government’s determination to sustain economic recovery as he chaired a meeting of the Economic Management Team (EMT) that unveiled a landmark livestock development strategy.
The meeting also took the presentation of the National Livestock Growth and Advancement Strategy (NL-GAS) by the Minister of Livestock Development, Idi Mukhtar Maiha. The ten-year, two-phased plan aims to double Nigeria’s herd size and expand sectoral output by at least 100 percent by 2035. It emphasizes robust public–private partnerships to modernize production, enhance food security, and strengthen value chains across the country.
Mr Wale Edun welcomed the strategy as a cornerstone of Nigeria’s broader reform agenda, linking it to the government’s drive to boost investment and ensure sustainable, private-sector-led growth. “Initiatives like the NL-GAS,” he said, “are precisely what will deepen our reform gains, create opportunities for investors, and secure long-term food sufficiency for Nigerians.”
The session, which held in Abuja, also reviewed the country’s economic outlook and highlighted key indicators pointing to renewed stability. Inflation slowed for the fifth consecutive month to 20 percent, GDP growth held firm above 3 percent, and Nigeria posted a merchandise trade surplus of N7.4 trillion in the second quarter of 2025. Officials attributed the performance to disciplined fiscal reforms and a more competitive exchange rate regime—policies at the heart of Edun’s economic stewardship.
The launch of the livestock plan comes as part of a wider push by Mr Wale Edun and the Economic Management Team to diversify Nigeria’s economy, consolidate recent gains, and set the foundation for inclusive growth.
