Nigeria marine economy is set for growth as minister Adegboyega Oyetola pledges to reduce fish imports and empower local producers
Nigeria marine economy is on the cusp of a significant transformation as Minister of Marine and Blue Economy, Adegboyega Oyetola, pledges to drastically reduce the country’s dependence on fish imports.
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The bold initiative aims to boost local production through aquaculture development, improved artisanal fishing methods, and expanded fish farming clusters nationwide.
In a statement released Thursday by the ministry, Oyetola emphasized the urgent need to maximize Nigeria’s capacity to produce locally.
“We cannot continue to import what we have the capacity to produce locally,” he declared, stressing that enhancing fish production will save foreign exchange and create thousands of jobs, particularly in coastal and riverine communities.
The minister further highlighted inclusive growth as a cornerstone of the strategy, promising to equip youth and women with essential skills and resources to take leadership roles in the marine economy.
“We are designing initiatives that will give our young people and women the tools, skills, and access they need to play leading roles in the marine economy. This is not just about economic growth; it’s about social empowerment and equitable development,” Oyetola said.
This commitment aligns with Nigeria’s recent approval of the National Policy on Marine and Blue Economy by the Federal Executive Council.
The historic policy offers a comprehensive framework for the sustainable exploitation, conservation, and governance of the nation’s vast marine and coastal assets.
It is expected to drive wealth creation, generate jobs, enhance food security, and position Nigeria as a leader in Africa’s emerging blue economy space.
Oyetola stressed, “Our goal is not just to explore the waters, but to manage them responsibly, ensuring that the benefits extend to every Nigerian, now and for generations to come.”
The World Bank team, led by Gladys Fajomu, commended Oyetola’s leadership and Nigeria’s bold steps in advancing the marine and blue economy.
Fajomu assured continued support through technical assistance, capacity building, and financing for strategic projects.
Her team, including Yolanda Monteo and Felicia Mogo, met with senior ministry officials to explore collaboration in policy implementation, infrastructure development, and private sector engagement.
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This bold vision promises a powerful future for Nigeria’s marine economy, with sustainable growth, social inclusion, and economic empowerment at its core.
