• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Tuesday, September 2, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

‘How Nigeria Can Tap From $2.5trn Global Blue Economy Potentials’

by Yusuf Babalola
2 years ago
in Business
jamoh
Share on WhatsAppShare on FacebookShare on XTelegram

For Nigeria to earn a portion of the opportunities inherent in the global Blue Economy resource valued at $2.5 trillion there is a need for the country to maintain good maritime security for businesses and investment to thrive, director general of the Nigerian Maritime Administration and Safety Agency (NIMASA), Bashir Jamoh, has said.

Advertisement

Speaking in Lagos, at the opening of a 5-day training workshop for journalists and media practitioners organised by the Kofi Annan International Peacekeeping Training Centre (KAIPTC) in collaboration with NIMASA, Jamoh said there are several opportunities in the blue economy that go beyond shipping, import and export trade to include fishery, tourism, aquaculture and wind energy among others.

According to him, having good maritime security will ensure that Nigeria will not only struggle to earn a portion of the $2.5 trillion potential but will also not struggle to benefit from the estimated 350 million global job opportunities in the blue economy.

Jamoh said Nigeria has done a lot to change the narrative of maritime security within the Gulf of Guinea such that the only thing remaining is to continue to maintain the tempo.

In terms of infrastructure, he said the Federal Government has invested a huge sum of money in infrastructure for combating insecurity on the waterway through the Deep Blue Project.

RELATED

Keystone Bank Partners LCCI To Launch MSME Mini Business Boot Camp

Keystone Bank Partners LCCI To Launch MSME Mini Business Boot Camp

17 hours ago
Union Bank

Union Bank, Titan Trust Merger Gets CBN Nod

18 hours ago
ADVERTISEMENT

“Nigeria is also enabling good governance. It compasses ocean governance and policy intervention starting with the creation of the Marine and Blue Economy Ministry which will focus on developing the sector in order to downplay the nation’s dependence on oil. Legislation and policies must be put in place to ensure that Nigeria benefits from the opportunities in the blue economy.

“However, we cannot achieve all these without the media because it is the media that will correct the negative reportage on maritime security in Nigeria and the Gulf of Guinea region, focus the attention of international investors on the available opportunities and enable the establishment of good judiciary system that will attract investor confidence back to Nigeria,” he added.          

Earlier, a professor and one of the facilitators, Kwesi Aning, said throughout the last decade, topics related to maritime piracy and armed robbery at sea, illegal unreported and unregulated (IUU) fishing, drug trafficking, marine pollution and climate crisis among other forms of threats to safety and security in the maritime domain, have increasingly been secured in the mainstream media coverage.

ADVERTISEMENT

“In the Gulf of Guinea, most coastal states depend heavily on revenue from marine-based commerce. At the same time, sea lanes in the region are of international importance and for that matter; incidences of attacks on commercial vessels, oil installations, fishing vessels and marine pollutants are interpreted differently by the multiple national and international stakeholders,” he explained.

Citing an example, international shipping insurance premiums rise in view of piracy-inspired perceptions of insecurity in the Gulf of Guinea waters leading to the high cost of doing business for African traders, who use maritime transport.

According to him, IUU fishing can make fishing unattractive to persons in the Gulf of Guinea coastal communities who live off the sea for their livelihoods.

“Such developments could affect unemployment rates in coastal communities and worsen the situation of idle youth capable of resorting to all forms of alternative means of surviving including participation in maritime-based crimes,” he added.

He pointed out that the story of maritime security today in the region is beginning to change for the better due to the pioneering work of Nigeria through the NIMASA and Navy, which has seen a reduction in maritime piracy incidents since 2021.

He however urged the media to always tell positive reports of maritime security in the region.

 


Join Our WhatsApp Channel



Tags: blue economy
SendShare10174Tweet6359Share
ADVERTISEMENT
Previous Post

Eradicating Youth Unemployment, Our Priority – Dangote

Next Post

Lafarge Africa Reiterates Commitment To Drive Sustainable Development

Yusuf Babalola

Yusuf Babalola

You May Like

Keystone Bank Partners LCCI To Launch MSME Mini Business Boot Camp
Business

Keystone Bank Partners LCCI To Launch MSME Mini Business Boot Camp

2025/09/01
Union Bank
Business

Union Bank, Titan Trust Merger Gets CBN Nod

2025/09/01
Afrique Mommies Award 2025 To Honour Service, Culture Icons
Business

Afrique Mommies Award 2025 To Honour Service, Culture Icons

2025/09/01
Chevron Honoured For Community Development Initiatives
Business

Chevron Honoured For Community Development Initiatives

2025/09/01
CAC Launches AI Portal For 30-Minute Business Registration
Business

CAC Shifts Implementation Of New Service Fees To October 1, 2025

2025/09/01
Bear Resurfaces As Equities Investors Lose N639bn
Business

FX Stability, Capital Inflows Drive N26trn Gain In Stock Market

2025/09/01
Leadership Conference advertisement

LATEST

Train Derailment: Tracks Will Be Restored In 10 Days, Says Minister

Resident Doctors Threaten Nationwide Strike, Issue 10-day Ultimatum

Nigeria Hails Conviction Of Simon Ekpa By Finnish Court

Police Arrest Female Students Stripping Girl Naked In Viral Video

Police Arrest 2 Suspects Over Theft Of Tricycle In Borno

Victor Boniface Completes Werder Bremen Loan Move

Super Eagles Winger Chukwueze Seals Transfer Deal With Fulham

Tinubu Mourns FCT Head Of Service Adayilo

Kano Assembly Passes N215.3bn Supplementary Budget

Rivers: Ibas Swears In 23 Newly Elected LG Chairmen

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.