Nigeria seeks $150 billion inflow via Halal industry | The Guardian Nigeria News - Nigeria and World News

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By leveraging its International Halal Expo, the Abuja Chamber of Commerce and Industry (ACCI) has expressed optimism about attracting $150 billion investment to Nigeria from the Middle East via Halal industry.

Halal is an Arabic word meaning permissible according to Islamic Sharia law, and can refer to both goods and services acceptable to Muslims.

He added: “We have been working on the expo for the past four months as plans are ongoing as we are giving it all it takes for the expo to succeed.” “We are already in touch with so many organisations in Taiwan, Malaysia, Jordan, Morocco and Algeria. Going forward, we are going to be having this expo on a yearly basis and would be championed as part of our activities,” he said.

He pointed out that a lot of foreign companies in the Middle East are seeking ways to enter the Nigerian market, not just to bring in their products, but also expanding their manufacturing activities in the country. The first Deputy president, Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture , Dele Oye, said the Halal expo is about promoting trade and investments taking cognisance of religion to reach a wider market.

 

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