Osun State to Key Into $7.7 Trillion Halal Economic Strategy
Osun to Key Into $7.7 Trillion Halal Economic Strategy

Osun State Governor Ademola Adeleke has expressed the state government's desire to align with the Federal Government's National Halal Economic Strategy by developing a state policy and implementation plan within the federal framework.

Governor's Remarks at NEC Meeting

Speaking at the National Economic Council meeting in Abuja on Thursday, the governor commended the federal initiative on the Halal economy, calling it "a timely step to tap into the multi-trillion dollar Halal economy that is already integrated into the Western and global economy."

Commitment to Implementation

The governor, who called for a subnational template for halal implementation, assured that his administration will set up a halal economy committee to adapt the federal template and create a state programme for implementation. He said the Halal economy has the potential to expand and deepen the Osun economy as its applications cut across all economic sectors and are open to multi-faith beneficiaries.

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"I commend President Bola Tinubu for this initiative. Osun will work on an implementation plan to benefit all residents and indigenes. Halal economy covers financing, dietary requirements, infrastructure and ethical conduct in business relations," the governor noted.

Background on National Strategy

It would be recalled that Vice President Kashim Shettima had unveiled the national halal economic strategy, informing that the strategy is "the result of careful study and sober reflection inspired by the commitment of the administration of President Bola Ahmed Tinubu to diversify exports, attract foreign direct investment, and create sustainable jobs across the federation."

"It is also the product of deliberate partnership, developed with the Halal Products Development Company, a subsidiary of the Saudi Public Investment Fund, alongside Dar Al Halal Group Nigeria, with technical backing from institutions such as the Islamic Development Bank and the Arab Bank for Economic Development in Africa," he added.

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