According to **The Nation**, the Federal Government has unveiled an ambitious national policy aimed at generating $3 trillion from the marine and blue economy sector. The Minister of Marine and Blue Economy, Adegboyega Oyetola, announced that the new framework is designed to trigger a wave of investments in shipping, offshore energy, and marine biotechnology.
The policy seeks to position Nigeria as a premier maritime hub in Africa by modernizing port infrastructure and streamlining regulatory hurdles. Oyetola noted that the strategy focuses on sustainable growth, ensuring that aquaculture and tourism are integrated into the broader economic recovery plan.
**Vanguard** reported that this move is a “pivotal shift toward non-oil revenue,” while **The Guardian** noted that “port charges remain a significant threat to achieving the N10 trillion interim target.” Industry experts cited by **Premium Times** added, “The blue economy is the last frontier for Nigeria’s sustainable development.”
**Echotitbits take:** This $3 trillion target is massive, almost aspirational. For this to work, the government must move beyond policy documents and actually tackle the extortionate port charges and insecurity in the Gulf of Guinea that currently drive away international shipping lines.
Source: The Cable — https://www.thecable.ng/nigerias-blue-economy-holds-3trn-potential-says-oyetola/, April 10, 2026
Photo credit: The Cable
