Oluchi Chibuzor
The Minister of Marine and Blue Economy Adegboyega Oyetola has said the federal government remains committed to unlock finance to scale-up investment to boost the Marine and blue economy in Nigeria.
He stated this at the third quarter 2025 citizens and stakeholders’ engagement event organised by the ministry on the heel of the world maritime day in Lagos.
According to him, “Landmark policy charts a good cause to harness our vast marine resources for economic growth, and environmental sustainability. The ambition is growth across shipping, industry, agriculture, tourism, coastal infrastructure, renewable energy, and other research. Yet, a nation without finance remains no other than a dream.
“Our task is, therefore, to unlock sustainable finance, partnership, and translate policies into tangible results. The government alone cannot match the scale of investment required to modernize our port, strengthen maritime security, expand agriculture, and build climate resilience, coastal infrastructure. Finance is the catalyst that turns policy into progress.”
The Permanent Secretary, Ministry of Marine and Blue Economy, Olufemi Oloruntola, said timely investment is necessary to open access to over $1.5 trillion global blue economy opportunities projected by 2030. He said, “Creating jobs across our sectors, strengthening Nigeria’s position as the maritime hub in Africa and guaranteeing sustainable livelihoods and resilience for our people. To bring this down, distinguished ladies and gentlemen, financial constraints as earlier highlighted are not merely a statement of facts. They are a reminder of the urgency to act differently. The mismatch between our past mandates and limited resources comes from more than incremental adjustments.”
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