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Pay ₦70,000 Minimum Wage or Face Jail Time - Nigerian Government Warns Employers

F.Adenike

Nigeria is set to take a leading role in the burgeoning global halal market, which is projected to reach a staggering $7.7 trillion. This ambitious move positions Nigeria as a key player in an industry that spans food, finance, pharmaceuticals, and cosmetics, among other sectors.


The halal market, which adheres to Islamic law, has seen exponential growth worldwide, driven by increasing demand from Muslim consumers seeking products that meet their religious standards. Nigeria, with its significant Muslim population and strategic economic initiatives, aims to capitalize on this trend.


"With our robust agricultural sector and growing manufacturing capabilities, Nigeria is well-positioned to become a major hub for halal products," said an industry expert. The government is also expected to implement supportive policies to facilitate this transition, ensuring that Nigerian products meet international halal certification standards.


This development not only promises economic benefits for Nigeria but also enhances its standing in the global market. By tapping into the halal industry, Nigeria can diversify its economy, create jobs, and boost exports.

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