The Nigerian federal government has announced its intention to launch a roadmap for the Federal Ministry of Marine and Blue Economy.
The Minister of Marine and Blue Economy, Mr. Adegboyega Oyetola, shared this plan during a panel discussion at the 29th session of the Nigeria Economic Summit Group (NESG) themed “Pathways to Sustainable Economic Transformation and Inclusion.”
Oyetola emphasized the critical role of the maritime sector in enabling business, especially in an import-dependent economy like Nigeria’s. He acknowledged the challenges faced by the maritime sector, including slow legislative reforms, weak sector governance, infrastructure deficits, inefficient port management, poor road networks, and dominance of foreign shipping companies.
To address these challenges, Oyetola outlined the ministry’s directives for the next four years. These directives include improving the navigability of waters, addressing port draught issues, achieving 24-hour cargo clearance, and ensuring efficient connectivity of ports to hinterlands through the creation of effective road and rail networks.
Additionally, the minister emphasized the need for digitalization in port operations. He stated that digitalization would enhance efficiency, remove human contacts that often result in delays and corruption, and bring Nigerian ports in line with global maritime standards. Oyetola expressed his determination to obtain presidential endorsement for the use of scanners in port operations, aligning Nigeria’s ports with international practices.
Furthermore, the ministry aims to introduce new business models to enhance capabilities and facilitate continual dredging of inland waterways. Oyetola stressed the importance of rehabilitating Nigerian ports to upgrade facilities, making them comparable to those in advanced maritime nations. The minister’s statements indicate a comprehensive approach toward transforming Nigeria’s marine and blue economy sectors, focusing on efficiency, digitalization, and infrastructure development.
