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From Idu Jude, Abuja
Stakeholders have intensified calls for structured financing options, including support from an investment bank or direct lending to the Ministry, to accelerate coastal protection and broader blue economy projects.
They stressed the need for sustained engagement among relevant institutions to move proposals beyond concept stage into bankable projects capable of attracting long-term capital.
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Central to the discussions is the formalisation of detailed feasibility studies that would clarify project scope, risk exposure, and funding requirements. Participants also emphasized the importance of identifying credible technical and financial partners who can support implementation at scale.
Attention is increasingly shifting toward nature-based and sustainable solutions designed to protect vulnerable coastal communities from erosion, flooding, and climate-related pressures, while also unlocking economic value in fisheries, tourism, and maritime trade.
Officials say coordinated planning and financing frameworks will be critical to translating policy ambitions into deliverable projects that strengthen resilience along Nigeria’s coastline.
