FG intensifies effort to improve Nigerian participation in global maritime sector

The Federal Government is intensifying efforts to enhance Nigeria’s participation in the global maritime industry through the development of a national policy for the marine and blue economy.

Speaking at the final technical validation workshop for the development of the policy in Abuja, the Minister of Marine and Blue Economy, Adegboyega Oyetola, said, “This strategic initiative reflects our determination to unlock the vast potential of our marine resources, expand opportunities beyond land-based development, and establish this sector as a key driver of national prosperity in line with Africa’s Agenda 2063.”

“Today’s program is the second and final stage in the validation process for the National Policy on the Marine and Blue Economy. The first was the workshop held in Lagos on November 27th and 28th, 2024.”

“Building on the outcomes of the first validation workshop, this engagement aims to refine our priorities and solidify a framework for advancing the maritime sector over the next few years.”

“This session marks the conclusion of our consultative engagements with key stakeholders and industry leaders, aimed at finalizing a well-rounded and inclusive policy framework,” he stated.

The Minister explained that, “This workshop brings together a diverse group of professionals, including industry experts, academics, and researchers, to foster collaboration and share innovative solutions for enhancing marine governance.”

“It is an important platform to capture diverse perspectives, and I trust that participants will engage actively in the discussions and contribute valuable insights to advancing Nigeria’s blue economy agenda.”

“As you are aware, 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,” Oyetola noted.

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The National Policy on Marine and Blue Economy is a strategic framework designed to harness Nigeria’s vast marine and coastal resources to foster sustainable economic growth, environmental protection, and socio-economic development. It aligns with global trends towards integrated marine management and positions Nigeria as a leader in the marine and blue economy sector.

The vision for this national policy is to transform Nigeria into a global hub for sustainable marine and blue economy practices, promoting economic development, environmental stewardship, and social equity.

As a nation, “We must ensure that we responsibly utilize marine resources, protect biodiversity, and support the expansion and diversification of Nigeria’s marine-based industries, including fisheries, tourism, and shipping.”

The policy recognizes the need to mitigate the impacts of marine pollution and climate change, preserve marine ecosystems for future generations, enhance the livelihoods of coastal communities through inclusive and equitable opportunities in the blue economy, foster innovation in marine technologies, and support research initiatives that drive progress in the sector.

Furthermore, the policy addresses the need to implement sustainable fishing practices, protect marine biodiversity, and ensure sustainable exploration within the Exclusive Economic Zones (EEZ) and Areas Beyond National Jurisdiction (ABNJ).

It will also restore degraded marine environments, promote marine tourism, develop port infrastructure, and support maritime industries, including shipping and offshore oil and gas exploration.