Nigeria Can Tap Into $7.7trn Global Halal Market

Muslim Economic Summit to mobilise N250m for SMEs, youth empowerment

Alhaji Ibraheem Olayinka Adigun, President, Muassasat Nasrul IIm Wa Da’awat Foundation (MNIDF), has expressed optimism that Nigeria stands to benefit immensely from the $7.7trillion global halal economy.

Adigun, spoke at a press conference penultimate Wednesday in Lagos, ahead of the maiden edition of the Muslim Economic Summit 2026.

A halal economy is an economic system based on Islamic principles, encompassing various sectors like food, finance, tourism, and fashion that adhere to halal (permissible) standards.

The MNIDF boss who officially announced that the maiden edition of the event will hold on 17-18, January, at the University of Lagos DIL Main Auditorium, with the theme “Faith, Finance & the Future: Empowering Youths, Women & Businesses for a Prosperous Future,” said the summit is designed to ignite a new wave of economic empowerment, skills development, and collaboration across Nigeria’s Muslim and non-Muslim communities.

According to the organisers, the summit will bring together policy experts, Islamic finance professionals, entrepreneurs, scholars, women leaders, and youth innovators for a period of learning, networking, and practical empowerment, with a plan to raise N250million endowment fund to support businesses.

The event will feature keynote lectures, panel discussions, plenary sessions, a Waqf fund launch, certificate presentations, and a trade fair showcasing halal products and services. The organisers emphasised that MES 1.0 is not merely a conference but a catalyst for change aimed at translating faith-based values into measurable economic outcomes.

“The Muslim Economic Summit is about building a future where no one is left behind. We are creating a generation of Muslim entrepreneurs, professionals, and innovators who can compete globally while remaining true to Islamic values.

This is a call to our youth, women, and business owners to seize this opportunity for transformation.”

One of the summit’s most remarkable components is the Pre-Summit Empowerment Training Program, targeted at training over 1,000 youths and women in high-impact skills such as digital marketing, solar installation, mini-import/export, and urban farming.

These participants will receive certificates of completion during the summit, marking the start of their journey toward financial independence and ethical entrepreneurship.

Source: The Nation

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