Nigeria’s Economic Management Team, chaired by the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, met on Thursday in Abuja to review Nigeria’s economic performance and sectoral priorities.
The team noted continued signs of stability in the economy, highlighting that inflation had eased for the fifth consecutive month to 20 per cent, while GDP growth remained above 3 per cent. It also reported a merchandise trade surplus of ₦7.4 trillion in the second quarter of 2025, outcomes attributed to a competitive exchange rate and ongoing reforms.
A key highlight of the meeting was the presentation of the National Livestock Growth and Advancement Strategy (NL-GAS) by the Minister of Livestock Development, Alhaji Idi Mukhtar Maiha. The two-phased, 10-year plan seeks to double Nigeria’s herd size and increase sectoral output by at least 100 per cent by 2035 through robust public–private sector collaboration.
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Mr Edun emphasised that initiatives such as NL-GAS, aligned with Nigeria’s broader reform agenda, reinforce the government’s commitment to attracting investment, boosting food security, and laying the groundwork for sustainable, private-sector-led growth.
