$74BN LIVESTOCK DREAM: FG WOOS SAUDI INVESTORS WITH RED MEAT EXPORT PUSH

Hon. Idi Mukhtar Maiha 
Minister, Livestock Development Ministry 

..... As Maiha outlines the Federal Government’s ambition to reposition the industry for global competitiveness.

..... Says “Nigeria represents one of the most promising livestock markets in the world, currently valued at over $32 billion, with a clear pathway to grow this to $74 billion within the next decade."

The Federal Government has stepped up efforts to unlock Nigeria’s vast livestock potential, as the Minister of Livestock Development, Idi Mukhtar Maiha, hosted foreign investors to explore red meat offtake and broader agricultural value chain opportunities.

At a high-level meeting on Monday, the Minister received a delegation from Omrantech Trading Company and Baba Frayo Investment Ltd, signalling renewed international interest in Nigeria’s livestock sector.

Welcoming the investors, Maiha outlined the Federal Government’s ambition to reposition the industry for global competitiveness. “Nigeria represents one of the most promising livestock markets in the world, currently valued at over $32 billion, with a clear pathway to grow this to $74 billion within the next decade,” he stated.

He added that the government’s strategy targets a full-scale overhaul of the sector. “Our strategy is focused on modernising the entire ecosystem—from animal genetics and feed systems to disease control, processing, cold chain logistics, and export readiness,” he said.

Highlighting Nigeria’s competitive edge, the Minister pointed to its strategic location and growing domestic demand. “With a population of over 235 million people and rising consumption patterns, Nigeria offers both a large internal market and a gateway to regional and international trade,” he noted.

Maiha further emphasised the country’s advantage in meeting rising global demand, particularly from Gulf markets. “Today, global demand for red meat is rising, particularly in the Gulf region. Nigeria is uniquely positioned to serve this demand efficiently, with significantly shorter logistics timelines compared to traditional exporters,” he said.

Reaffirming government support, the Minister assured investors of a conducive business climate. “We are ready to provide the necessary support—from land access to policy clarity—to ensure that investors can operate efficiently and profitably,” he added.

Discussions during the meeting extended beyond meat exports to include opportunities in feed and fodder production, veterinary pharmaceuticals, leather processing, and critical infrastructure, all aimed at strengthening food security and supply chain resilience.

Speaking on behalf of the delegation, Chairman of Omrantech Trading Company, Ali Fahd Ajouf, expressed optimism about Nigeria’s investment prospects. “We see Nigeria as a strategic entry point for agricultural investment in Africa,” he said.

Dr. Ajouf further noted that the country’s scale and policy direction make it attractive for long-term capital. “The scale of opportunity, combined with the commitment of the government, makes Nigeria a compelling destination for long-term investment. We look forward to deepening our engagement and returning with concrete proposals,” he added.

Both parties underscored the importance of strengthening Global South cooperation to boost food security and sustainable trade, with the delegation expected to return after further feasibility studies.

The engagement marks a significant step toward forging strategic partnerships aimed at unlocking the full potential of Nigeria’s livestock and agricultural sectors.