President Bola Tinubu, alongside the Federal Executive Council (FEC), on Monday approved Nigeria’s 10-Year National Policy on Marine and Blue Economy, covering the period from 2025 to 2034.
According to a statement from Sunday Dare, Special Adviser on Media and Public Communication to the President, the comprehensive policy aims to unlock the full potential of Nigeria’s marine and aquatic resources to drive sustainable economic development.
With over 853 kilometers of coastline, Nigeria holds vast untapped opportunities within the marine and blue economy sector. The newly approved policy includes a detailed implementation framework designed to promote investment and ensure effective execution.
The funding strategy for the policy’s implementation will rely heavily on private sector contributions, consistent with President Tinubu’s broader vision to boost economic growth through increased private investment. While the statement emphasized private funding, it did not specify the additional sources expected to contribute to financing the initiative.
This move aligns with ongoing national efforts to diversify the economy and strengthen Nigeria’s position in the global maritime industry.
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