Halal Economy in Nigeria: Examining the Legal Framework and Certification Dynamics for Sustainable Growth
DOI:
https://doi.org/10.58824/mediasas.v9i1.325Keywords:
Challenges, E-Commerce, Halal industry, Nigeria, Opportunities, Trade and Investment.Abstract
This paper seeks to examine the opportunities and challenges posed by the ?al?l industry in Nigeria and its certification according to laws. It provides a comprehensive review of the sector, outlining its structure, current state, potential for growth and the intimidating challenges in the operational and legal circle. ?al?l industry is an emerging sector with great potential for growth and economic development in Nigeria. The large Muslim population is a driving factor that creates opportunities for its growth to improve the national economy. However, these opportunities, as well as the impeding challenges, have still been poorly understood. The paper draws data from both primary and secondary sources; obtained from interviews, industry literature, government laws and reports. The paper highlights legal provision of halal industry in Nigeria, the latent and patent opportunities in the industry such as expanding the production of locally grown food, creating economic linkages, developing an export market, booming tourism and hospitality sectors; and thus become a major source of employment in the country. However, a number of challenges such as inadequate infrastructure, insufficient access to finance, and a lack of regulatory framework could hamper the growth of the industry; and therefore, need to be addressed. With the proper policy interventions and investment, the ?al?l industry in Nigeria has the potential to create significant economic, social, and environmental benefits.
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