The Federal Executive Council has greenlit Nigeria’s first-ever National Marine and Blue Economy Policy, marking a major step in unlocking the nation’s coastal and aquatic wealth.
Minister Adegboyega Oyetola hailed the approval as a “defining moment,” revealing that the 10-year policy will drive economic growth through maritime trade, aquaculture, blue tourism, and clean ocean energy.
It aims to transform Nigeria’s 853km coastline and vast inland waterways into engines of job creation and sustainable development.
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“This policy is not just a document, it’s a call to action backed by stakeholder input and expert consensus,” Oyetola said, urging private sector participation and PPPs to bring the plan to life.
Aligned with President Bola Tinubu’s Renewed Hope Agenda, the policy prioritizes climate resilience, economic inclusion, and environmental sustainability.
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