Nigeria Aims for Global Leadership in Blue Economy With New Policy Validation

In a bid to improve the maritime sector, the Minister of Marine and Blue Economy, Adegboyega Oyetola, has announced plans to initiate the final validation process for the National Policy on the Marine and Blue Economy to position Nigeria as a global leader in the blue economy.

Oyetola disclosed this at the final technical validation workshop on the development of the National Policy on Marine and Blue Economy in Abuja.

He emphasized the importance of creating a strong policy framework for the maritime sector to thrive and urged stakeholders to collaborate effectively.

“A key factor in driving maritime development is the establishment of a strong policy framework. Many African countries are intensifying their cooperation to enhance knowledge of the blue economy and adopt policies that will unlock its vast potential. Nigeria is no exception.

“Our presence here today reaffirms the commitment of President Bola Ahmed Tinubu’s Renewed Hope Agenda to exploring the maritime future of our great country.

“Distinguished participants, as a crucial pillar of our future economy, Nigeria’s maritime domain holds immense potential. Addressing the relationship between the marine and blue economy sectors and economic growth through an inclusive maritime policy is at the heart of this technical validation session.

“It urges us to pave the way for a flourishing sector that prioritizes sustainability, with a unified commitment to positioning Nigeria as a leader in the global blue economy,” he said.

The goal of this national policy is to make Nigeria a global hub for the blue economy and marine sustainability, fostering social justice, economic growth, and environmental stewardship.