Marine and Blue Economy
$500m Lost Annually to Unregulated Shipbrokers
Nigeria’s maritime industry is bleeding over $500 million annually due to the unchecked and unregulated activities in the shipbroking subsector, experts have revealed. Stakeholders have now issued a resounding call for the formalisation and professionalisation of shipbroking as a strategic step to plug fiscal leakages, boost compliance, and elevate Nigeria’s maritime sector to global standards. […]
FG: No Contract Given for Baro Port Project
Amid recent speculations and media reports alleging that a multibillion-naira contract had been awarded for the Baro Inland Port project, the Federal Government has firmly denied the claims, calling them unfounded and misleading. The Ministry of Marine and Blue Economy, through its Special Adviser on Media and Communications, Dr. Bolaji Akinola, clarified in a statement […]
Nigeria Achieves Three-Year Milestone Without Pirate Attacks – FG
The Federal Government of Nigeria has announced that the country has recorded zero piracy incidents in its territorial waters over the last three years. This feat was disclosed by the Minister of Marine and Blue Economy, Adegboyega Oyetola, during a one-day stakeholders’ forum in Lagos themed “Strengthening Collaboration for Effective Implementation of the National Policy […]
Oyetola Backs Marine Policy Push
The Minister of Marine and Blue Economy, Adegboyega Oyetola, has once again reiterated his unwavering commitment to the full and accelerated implementation of the newly approved National Policy on Marine and Blue Economy. This policy, which has been heralded as a key part of the Federal Government’s economic growth strategy, is set to revolutionize the […]