FG approves N10.4bn for marine, blue economy in 2026

… approves N1bn for fish terminals, harbours

… commits N83.3m for Regional Maritime Bank

The Federal Government has approved N10,499,984,673 as the appropriation budget for the Ministry of Marine and Blue Economy for the year 2026.

This is even as the ongoing development of new fish terminals and harbours got N1,050,000,000.

According to the 2026 Appropriation Bill sighted by Tribune Online on Wednesday, the Ministry of Marine and Blue Economy is also allocating N129,920,000 for the provision/construction of solar panels and inverters as an alternative source of power for the ministry.

Details of the Ministry of Marine and Blue Economy 2026 appropriation budget also include: N83,303,080 as Federal Government commitment towards the ongoing establishment of the Regional Maritime Development Bank; N145,152,000 for the construction of local fish feed mill in six geo-political zones (10tons) fish feed mill capacity; N106,375,284 for the ongoing post-harvest infrastructure development for fisheries and aquaculture to reduce waste; N13,860,000 for ongoing National Counterterrorism Strategy (NACTEST); and N10,500,000 for provision and coordination of anti-corruption and transparency, development of code of conduct in the ministry and its agencies.

2026 budget: FG earmarks N3.15trn for defence

Some other allocations include: implementation of the international forensic auditing techniques for the achievement of Blue Economy in Nigeria to gulp N14,000,000; Reforms and Servicom to gulp N41,196,866; Implementation of all international maritime organisation conventions and protocols (IMSAS, ISPS and others) across the maritime agencies to gulp N15,204,000; International Ship And Port Facility Security (code) to gulp N29,554,000.

IPPIS-HR module, basic IPPIS training for access right to gulp N24,500,000; senior staff committee (ssc) meeting/junior staff committee (jsc) sitting to gulp N21,000,000; provision of welfare packages and other incentives to staff to gulp N151,052,983; Retiring officers verification by PENCOM and pre-retirement preparation to gulp N21,000,000; leadership workshop for union leaders and management of federal ministry of marine and blue economy to gulp N70,000,000; supervision of capital projects and maintenance contract to enforce compliance and quality control. capacity building of technical/facility managers of the ministry to gulp N1,711,500.

Capacity building for enhanced professionalism in the marine and blue economy sector to gulp N65,106,720; Assessment/examination of books and records of accounts of agencies under the ministry by internal auditors to gulp N10,500,000; and Physical verification of personnel head count of staff of the ministry and its agencies by HRM and the budget division of the ministry will cost N35,000,000.