Projects

Launch of the State of the Nigeria Halal Markets Report 2023:

On the 27th of April 2023, Dar Al Halal launched the first Nigeria-Specific Halal Market Prospects and Opportunities Report at Transcorp Hilton, Abuja under the Distinguished Chairmanship of His Royal Highness, Alhaji Aminu Ado Bayero, CFR, JP, the Emir of Kano. The keynote address was delivered by Dr. Mansur Muhtar, the Vice President of Islamic Development Bank (lsDB).

Key Highlights of the Nigeria Halal Markets Report 2023

• The aim of the report is to inspire and empower government entities, industries and investors in the global and regional Halal economy.

• Also, assist in simplifying trade regulations, enhancing production competitiveness and fostering partnerships and some of the strategies identified that can help Nigeria develop and grow its Halal
• Nigeria is the World’s eighth-largest domestic Halal economy market, with domestic spending on Halal products and service reaching USD 107 billion in 2022, this is projected to grow at a CAGR Of 10.7% to reach USD 180 billion by 2027.
• Projected to further boost Nigeria’s GDP by USD 1.6 billion annually (mid scenario) within the next 4 years through incremental exports, imports and FDI opportunities.
• The report presents key sectors, markets and overall strategy areas based on a National Halal economy strategies framework to expand trade and investment

Collaboration with ISDB

With the full support of the Federal Ministry of Finance, Nigeria, Dar Al Halal Nigeria Limited is collaborating with the Islamic Development Bank (lsDB) as a private sector partner working on five (5) key areas:

• Strategy Engagement
• Halal Market Development
• Trade Finance
• Financial Inclusion
• Capacity Building

Collaboration with IFPA

In December 2022, Dar Al Halal Nigeria Limited became a corporate member of International Islamic Food Processing Association (IFPA), a subsidiary of Islamic Organization for Food Security (IOFS).

IFPA aims to develop direct relationship between agricultural businesses in OIC Member States by establishing B2B cooperation between private sectors. The Association is a platform for strengthening intra-OIC trade relations, enhancing investment activities between OIC countries, developing and implementing large- scale interstate economic projects, concluding trade operations, and intensifying trade and commercial outreach

Collaboration with IOFS

Dar Al Halal signed a Memorandum of Understanding with Islamic Organization for Food Security (IOFS) on the development of the Nigerian Regional Halal Meat Hub.

IOFS will collaborate with Dar Al Halal Nigeria Limited, on the establishment of the Regional Meat Hub to encourage local consumption and exportation of meat, lamb, beef, poultry) to West Africa, African Sub-Regions, Gulf Cooperation Council (GCC), and the rest of OIC countries. The project will use IFPA as a platform to facilitate meat trade within the specified geographical region.

The   project  would  promote  the  market  for  standardization,  quality, and production enhancement, as well as animal disease prevention, allowing Nigeria to fully utilize its meat export potential.