The Federal Ministry of Finance has highlighted Nigeria’s strengthening economic outlook as the government launches a strategic plan to boost the livestock sector.
During a meeting of the Economic Management Team in Abuja, chaired by the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, officials noted continued signs of stability. Inflation eased for the fifth consecutive month to 20%, GDP growth remained above 3%, and Nigeria recorded a merchandise trade surplus of ₦7.4 trillion in Q2 2025—achievements supported by a competitive exchange rate and disciplined economic reforms.
The session also featured the presentation of the National Livestock Growth and Advancement Strategy (NL-GAS) by the Minister of Livestock Development, Alhaji Idi Mukhtar Maiha. The 10-year, two-phase initiative aims to double herd sizes and increase sector output by at least 100% by 2035 through strong public–private partnerships.
Minister Edun affirmed that initiatives like NL-GAS, aligned with Nigeria’s broader reform agenda, underscore the government’s commitment to attracting investment, improving food security, and fostering sustainable, private-sector-led growth.
