Tinubu Targets $64bn Livestock Economy, Backs Ranching and Dairy Investment

President Bola Tinubu says Nigeria plans to increase the livestock sector’s contribution to the economy from an estimated 32 billion dollars to more than 64 billion dollars annually.

Tinubu stated this in Abuja at the opening of the 9th All Africa Conference on Animal Agriculture. He was represented by the Secretary to the Government of the Federation, George Akume.

The President said the target would be achieved through reforms aimed at improving livestock productivity, animal health, genetics, feed production and climate-smart farming.

He also identified ranching and other modern production systems as part of efforts to raise productivity and reduce conflicts linked to traditional livestock practices.

On dairy production, Tinubu said the government plans to double local milk production through improved breeds, better nutrition, modern breeding methods and increased private-sector investment.

He said the livestock value chain, including meat processing, dairy, leather, feed production and infrastructure, could create millions of jobs, especially for young people.

The President also called for stronger cooperation among African countries to address animal diseases, climate change, trade barriers and livestock movement.

The five-day conference, which began on August 9, ends on August 13 at the Shehu Musa Yar’Adua Centre in Abuja.