Marine Resources Will Benefit Economy, Planet, Oyetola Promises Nigerians

Minister of Marine and Blue Economy, Adegboyega Oyetola.

The Minister of Marine and Blue Economy,  Adegboyega Oyetola has pledged that the nation’s marine resources would be used in a way that would benefit the economy and the planet.

Oyetola made the pledge on Monday at his maiden briefing at the Ministry of Transportation headquarters in Abuja.

The former Osun State Governor said the blue economy at the global stage, is estimated to be worth more than 1.5 trillion Dollars per annum.

“Our oceans cover more than two-thirds of our planet’s surface, holding the key to sustainable economic growth, environmental preservation, and technological innovation.

“ As we look ahead, my vision is rooted in the responsible management and utilisation of our marine resources to benefit not only our economy but also the health of our planet.

“Experts say the Blue Economy is estimated to be worth more than 1.5 trillion Dollars per year globally. Therefore, given our size as a country and considering the size of our blue economy, we should be a significant player in this sector, so as to contribute immensely to the revenue generation of our country and also provide jobs for the unemployed, he said.

The newly sworn-in minister called for synergy between agencies and stakeholders in the sector.

“I strongly believe in the power of collaboration, and dedication to service. The collaborative effort of a group to achieve a common goal can only be efficient and effective through teamwork. This is why I crave your indulgence that we must work as a team to deliver on our mandate. Let us work together to find innovative solutions to the challenges we face, ensuring that our oceans and marine are safe, reliable, and sustainable.

“We must come up with practicable ways of ensuring that our inland rivers, lakes, and waterways are well utilised, both in terms of cargo shipment and passenger transportation. And this can be done by embarking on a holistic dredging campaign for most of our strategically important inland waterways so as to make them navigable for the passage of goods and people.

“We equally have a duty to promote better inter-agency cooperation and coordination between the Nigerian Maritime Administration and Safety Agency, the Nigerian Ports Authority, and the Nigerian Inland Waterways Authority.

“As someone with a strong private sector background, we shall promote greater private sector inclusion while fostering greater efficiency through specialisation and the effective delineation of core duties between the units.

“We must seize this opportunity to create positive change, leaving a lasting legacy for generations to come. I appreciate your dedication, and I look forward to working alongside each of you in the pursuit of a better Nigeria,” he said.

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