Nigeria Targets Leadership In Blue Economy With New FG Policy Initiative

In Abuja, the Federal Government reaffirmed its commitment to establishing Nigeria as a global leader in the blue economy by developing a National Policy on Marine and Blue Economy.

Blue Economy

The Minister of Marine and Blue Economy, Adegboyega Oyetola, described the policy as a “well-rounded and inclusive framework” that aims to strengthen maritime governance and drive sustainable economic growth.

In particular, the policy aligns with Africa’s Agenda 2063, setting the stage for Nigeria to take a leading role in the global maritime sector.

Final Workshop Marks Nigeria’s Path To Blue Economy Leadership

At the final validation workshop for the policy, Oyetola highlighted its importance as a crucial step in redefining Nigeria’s maritime future.

He praised the collaborative efforts of researchers, academics, and industry experts, whose contributions have shaped the policy into a forward-thinking blueprint.

As a result, Oyetola emphasised that the policy would not only drive innovation but also improve governance and unlock significant economic opportunities.

“This programme marks the final stage of validating a policy designed to advance the maritime sector in the coming years,” Oyetola stated.

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He added: “It is key to fostering sustainable development and positioning Nigeria as a leader in the global blue economy.”

Building on Oyetola’s statement, Permanent Secretary of the Ministry, Oloruntola Olufemi, further underscored the importance of the marine sector for Nigeria’s future.

He pointed out that this workshop presented a vital opportunity to consolidate the nation’s efforts and finalise a framework for the blue economy’s sustainable growth.

“This policy provides a clear pathway to harness the immense potential of Nigeria’s blue economy,” Olufemi added.

Moreover, the workshops, which began in Lagos and culminated in Abuja, reflected the government’s inclusive approach, bringing together a diverse range of stakeholders.

As the policy nears implementation, it promises to transform the maritime sector into a cornerstone of Nigeria’s economy, thus securing its leadership on the global stage.

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