The Federal Ministry of Livestock Development is set to partner with the Nigeria Revenue Service (NRS) to strengthen fiscal strategies that will reposition the livestock sector as a driver of national growth.
This followed a courtesy visit by the Minister of Livestock Development, Idi Muktar Maiha, to the NRS Chairman, Dr. Zacch Adedeji, at the Service’s headquarters in Abuja on Friday.
The Minister was accompanied by the Senior Special Assistant to the President on Livestock Development, Alhaji Idris Ajimobi, and members of the Ministry’s strategy team.
Minister Maiha used the engagement to highlight the mandate of the newly created Ministry, stressing its mission to transform livestock into a modern engine for food and nutrition security, job creation, rural development, and peacebuilding.
He emphasized that the establishment of the Ministry by President Bola Ahmed Tinubu underscores his administration’s determination to diversify the economy and maximize opportunities in the non-oil sector.
“The livestock sector is not only critical to our food security but also a strategic tool for wealth creation and peacebuilding through non-kinetic means. We look to the NRS to partner with us in designing innovative revenue and fiscal strategies that will mainstream the sector into Nigeria’s broader development and prosperity agenda,” he stated.
In response, the NRS Chairman, Dr. Adedeji, commended President Tinubu’s foresight in creating the Ministry, describing it as a bold and visionary move. He pledged the Service’s support for the Ministry’s initiatives, noting that livestock development holds significant potential for delivering quick socio-economic impact.
“We are prepared to work with you because we recognize that the livestock sector is one area where this administration can deliver quick and visible impact on the socio-economic fortunes of our people,” Dr. Adedeji said.
He added that securing resources for the implementation of the National Livestock Growth Acceleration Strategy would be a priority as the government recalibrates the economy.
Furthermore, both institutions agreed to establish a joint framework that will promote innovative fiscal incentives, formalize the livestock economy, and attract increased private sector investment across the value chain.
