Nigeria eyes $7.7 trillion halal economy at summit

Nigeria could capture significant value from the $7.7 trillion worldwide halal market, according to Ibraheem Olayinka Adigun, who leads Muassasat Nasrul IIm Wa Da'awat Foundation. The organization president addressed reporters on Wednesday in Lagos while announcing plans for the Muslim Economic Summit 2026, scheduled for Jan. 17-18 at the University of Lagos DIL Main Auditorium.

The gathering aims to stimulate entrepreneurship and skill building among Muslim and non-Muslim Nigerians under the banner Faith, Finance & the Future: Empowering Youths, Women & Businesses for a Prosperous Future. Organizers expect policy advisers, Islamic banking specialists, entrepreneurs, academics and youth innovators to participate in sessions covering keynote addresses, discussions and certificate ceremonies. A trade exhibition will display halal-compliant goods and services while planners work toward establishing a 250 million naira endowment supporting commercial ventures.

Pre-summit training will equip more than 1,000 young people and women with abilities in digital promotion, solar power setup, small-scale importing and exporting, plus city agriculture. Graduates receive credentials during the main proceedings as they begin careers blending financial self-sufficiency with Islamic ethical standards. The halal economy encompasses food production, banking, travel and clothing sectors operating within permissible religious guidelines.
 

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