Livestock Sector Could Boost GDP by $94 Billion with Proper Structure

Nigeria’s Livestock Sector: A Pathway to Economic Growth

Nigeria’s livestock sector has the potential to significantly boost the country’s Gross Domestic Product (GDP) over the next decade, provided it is properly structured and developed in line with the National Livestock Growth Acceleration Strategy (2025-2030). This projection highlights a critical opportunity for economic revitalization, as the sector could contribute up to $94 billion to the nation’s economy within the next ten years.

At a press briefing in Abuja, Mr. Farouk Bala, the Programme Officer of Youths Against Disaster Initiative (YADI), emphasized the importance of reforming the livestock sector to address ongoing challenges such as farmer-herder clashes. He pointed out that effective ranching and livestock development are essential not only for economic growth but also for reducing conflicts between farmers and herders.

Bala highlighted that the Federal Government has already recognized the current contribution of the livestock sector to Nigeria’s GDP, which stands at over $32 billion. Under the National Livestock Growth Acceleration Strategy, this figure is expected to rise significantly, reaching between $74 billion and $94 billion if the sector is properly managed and optimized.

Global Examples and Local Disparities

To illustrate the potential of a well-structured livestock sector, Bala cited examples from other countries. Brazil, for instance, recorded approximately $9.3 billion in beef exports in 2024, while the United States exported $7.2 billion worth of beef. Australia, on the other hand, generated about $8 billion in exports during the same period. Uruguay, known for its high-quality, traceable beef production, earned $2.85 billion from its exports.

In contrast, Nigeria’s livestock exports have been relatively modest. In 2024, the country generated only $172,000 from cow exports, $1.15 million from live animal exports in 2021, and less than $200,000 from meat and edible offal exports. These figures highlight the vast economic potential that is currently being underutilized due to inefficiencies in the sector.

Addressing Concerns and Moving Forward

Despite the clear benefits of restructuring the livestock sector, there has been resistance from some stakeholders. Bala acknowledged concerns from herders who fear losing traditional practices and farmers worried about land access. However, he attributed these concerns to a lack of information and emphasized that ranching can bring significant advantages.

According to Bala, ranching would not only boost GDP but also enhance food production, create jobs, and increase foreign exchange earnings through beef and related exports. He urged all stakeholders to embrace the changes and work together to unlock the full potential of Nigeria’s livestock sector.

The Road Ahead

The path forward requires collaboration between the government, private sector, and local communities. Investment in infrastructure, training, and technology will be crucial to improving efficiency and productivity in the livestock sector. Additionally, policies that support sustainable ranching and protect the rights of both farmers and herders must be implemented.

By taking these steps, Nigeria can transform its livestock sector into a major driver of economic growth. The opportunities are clear, and the time to act is now.