Nigeria’s economy continues to demonstrate resilience, with the Economic Management Team, led by the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, reporting significant progress during a recent meeting in Abuja.
Mohammed Manga, Director, Information and Public Relations of Federal Ministry of Finance, in a statement on Saturday noted that the session highlighted key economic achievements, including a fifth consecutive month of declining inflation at 20%, sustained GDP growth above 3%, and a robust merchandise trade surplus of ₦7.4 trillion in the second quarter of 2025.
These outcomes, attributed to a competitive exchange rate and disciplined economic reforms, signal growing stability in Nigeria’s economic landscape.
A major highlight of the meeting was the unveiling of the National Livestock Growth and Advancement Strategy (NL-GAS) by the Minister of Livestock Development, Alhaji Idi Mukhtar Maiha.
The ambitious two-phased, 10-year plan aims to double Nigeria’s herd size and boost sectoral output by at least 100% by 2035.
The strategy emphasizes strong public-private collaboration to drive investment, enhance food security, and promote sustainable growth in the livestock sector.
Speaking on the initiative, Minister Edun emphasized that NL-GAS aligns with the government’s broader reform agenda, underscoring its commitment to fostering private-sector-led growth and ensuring long-term economic stability.
“This strategic plan is a testament to our dedication to unlocking investment and building a sustainable future for Nigeria,” he stated.
The launch of NL-GAS is expected to bolster Nigeria’s agricultural sector, create jobs, and strengthen food security, positioning the country for inclusive and sustainable economic growth.
