FG Develops Blue Economy Strategy Document

To harness the potential inherent in the blue economy sector, the federal government is set to develop the national Blue Economy strategy document.

The document, it was gathered, will serve as a roadmap for sustainable development of the potential in the nation’s blue economy.

Speaking at the opening of for a three-day Stakeholders’ Final Validation Workshop for the National Blue Economy Strategy in Abuja, the minister of Marine and Blue Economy, Adegboyega Oyetola, stated that the National Blue Economy Strategy document will focus on the sustainable use of the nation’s ocean resources to drive economic growth and improved livelihoods.

According to the minister, the document will also ensure preservation of the health of ocean ecosystems.

“The draft National Blue Economy Strategy represents Nigeria’s vision for a sustainable Blue Economy, noting that stakeholders’ insights and contributions will help shape actionable policies and frameworks for sustainable ocean and marine resource use,” the minister noted.

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Oyetola noted that “Nigeria is blessed with a vast coastline and diverse marine resources, with significant potential in sectors such as fisheries and aquaculture, tourism, marine transport, maritime security, renewable energy, and mineral resources.

“However, unlocking the full potential of these sectors requires a strategic, sustainable approach, built on research, collaboration, and public-private partnerships, including partnerships with organisations such as AU-IBAR to mention a few.”

According to the minister, the National Blue Economy Strategy represents Nigeria’s vision for a sustainable Blue Economy, even as he urged private sector and investors to take advantage of the numerous government-led programmes and initiatives aimed at promoting business in the Marine and Blue Economy sectors.

Similarly, in his closing remarks on the final day, the minister urged all stakeholders to “remember that the true measure of our success lies in the tangible benefits we bring to our communities and the ecosystems we are entrusted to protect. Together, we can navigate the path towards a vibrant blue economy that not only meets the needs of today but also secures a prosperous future for generations to come.”

“Your support is instrumental in shaping a resilient and sustainable blue economy for Nigeria. As we move forward, I urge each stakeholder to remain engaged in the implementation of this strategy and to uphold the principles of sustainability in all our endeavours,” he said.