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The Federal Government has reaffirmed its commitment to developing Nigeria’s marine and blue economy sector as a key driver of sustainable economic growth and maritime advancement.
Minister of Marine and Blue Economy, Adegboyega Oyetola, made this known while participating in the Africa Forward Summit held in Nairobi, Kenya.
The summit, described as the first Africa-France summit hosted in an English-speaking, non-Francophone African country, was co-hosted by William Ruto and Emmanuel Macron under the theme, “Africa-France Partnerships for Innovation and Growth.”
Oyetola said this during a session on “Maritime Sovereignty and Sustainable Valorisation” alongside France’s Minister of the Sea and Fisheries and other maritime stakeholders from across Africa.
He said Nigeria was implementing strategic policies and investments aimed at unlocking the vast opportunities within the marine and blue economy sector.
“The Federal Government has continued to implement strategic measures to unlock the vast potential in Nigeria’s marine and blue economy sector,” he said.
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According to the minister, the establishment of the Federal Ministry of Marine and Blue Economy in August 2023 marked a major milestone in the country’s maritime development agenda.
He added that the ministry had also developed Nigeria’s first National Policy on Marine and Blue Economy to provide a framework for sustainable growth and investment in the sector.
Oyetola further disclosed that agencies under the ministry generated a record N1.83 trillion in revenue in the 2025 fiscal year.
He also revealed that the Federal Government had approved a comprehensive port modernisation and upgrade programme aimed at attracting larger vessels.
The programme, he said, also creates employment opportunities and strengthens Nigeria’s position as the leading maritime hub in West and Central Africa.
