The Minister of Marine and Blue Economy, Adegboyega Oyetola, has declared that Nigeria’s marine and blue economy sector is being strategically repositioned to serve as the country’s major revenue earner, replacing crude oil as the dominant source of national income.
Speaking at the Institute of Maritime Studies, University of Lagos (UNILAG), during the official visit of the International Maritime Organization (IMO) Secretary-General, Arsenio Domínguez, Oyetola highlighted the vast opportunities inherent in the maritime sector.
Read also: Albasu APC Leaders Petition Kano Governor Over Alleged Anti-Party Activities
2025 Performance Bonds Signed to Unlock Nigeria’s Blue Economy
He said the Federal Government is committed to unlocking these opportunities through investments in infrastructure, manpower development, and international partnerships.
“Nigeria’s future lies beyond oil. The marine and blue economy is a goldmine that can drive sustainable economic growth, create millions of jobs, and position our nation as a global maritime hub. We are determined to harness its full potential to become the primary driver of our economy,”.
Oyetola, an alumnus of UNILAG, urged Nigerian youths to take advantage of the numerous career and investment prospects within the sector.
Read also: NOA Commends INEC on Inclusive Electoral Process for PWDs
FG Reinforces Commitment to Maritime Growth
According to him, the government’s vision for the blue economy requires a new generation of skilled professionals who will drive innovation and competitiveness.
“There are abundant opportunities for our young people in shipping, logistics, fisheries, shipbuilding, marine research, and offshore energy.
I encourage you to be bold, innovative, and diligent. The future of this sector, and indeed the future of Nigeria’s economy, rests on your shoulders,” he added.
Read also: 60 ABEP Graduates Receive Livelihood Start-Up Kits in Kano
He commended UNILAG and the Nigerian Maritime Administration and Safety Agency (NIMASA) for their collaboration in maritime manpower development, particularly the establishment of a modern facility for the Institute of Maritime Studies.
The minister reaffirmed that the Federal Government’s marine and blue economy agenda is anchored on sustainability, innovation, and inclusivity, stressing that youth engagement and capacity building are central to achieving the long-term vision.