The Minister of Livestock Development, Idi Maiha, has expressed optimism about the potential of the livestock sector to contribute significantly to Nigeria’s economy. Speaking during an inaugural meeting with the House of Representatives Committee on Livestock Development on Tuesday, Maiha revealed that the sector could generate as much as N33 trillion if fully developed.
"The livestock sector is a goldmine waiting to be tapped," Maiha stated. "With strategic investment and proper management, we can attract substantial capital inflows and transform it into a major contributor to the national economy."
The minister highlighted opportunities within the sector, including dairy production, meat processing, and by-products such as leather and fertilizers. He emphasized that the sector could stimulate job creation, reduce unemployment, and boost Nigeria’s export capacity.
He added, "Livestock farming has been a traditional source of livelihood for millions of Nigerians. Now, we need to modernize it to compete globally. This includes addressing challenges such as grazing routes, security, and infrastructure development."
In response, the Chairman of the House Committee on Livestock Development, Hon. Wale Raji, commended the minister’s vision and assured him of the Committee’s support.
"We believe in the transformative potential of the livestock sector," Raji said. "It holds immense opportunities for economic growth, job creation, and food security. We are ready to work closely with the ministry to ensure swift and efficient implementation of key policies."
Raji, however, emphasized the Committee’s commitment to maintaining strict oversight to ensure transparency and accountability.
"The Committee will not compromise on its oversight duties. Our goal is to ensure that every investment and project in this sector is impactful and delivers measurable outcomes," he added.
Experts have long identified the livestock industry, which includes cattle, poultry, sheep, and goat farming, as one of Nigeria’s underutilized economic drivers. With a growing demand for animal products both locally and internationally, the sector has the potential to reduce Nigeria’s reliance on imports, enhance food security, and generate foreign exchange.
Maiha also called on private investors to collaborate with the government. "We are creating policies to encourage partnerships and eliminate bottlenecks. The future of livestock development in Nigeria depends on collective action," he concluded.
The meeting, described as a step toward revitalizing the sector, ended with both parties pledging to prioritize innovation, sustainable practices, a
nd strategic investments.
