Maritime Agencies
WMD 2025: Innovative Financing Is Key To Drive Nigeria’s Marine and Blue Economy, Says Oyetola. S
By Izuchukwu Ozoemena
Without a strong financial provision and sustainable investment, Nigeria’s dream to make the best out of the vast marine resources in her environment may turn out a pipe dream. Therefore, finance remains the decisive factor in transforming the country’s new vision for its marine and blue economy.
H.E. Adegboyega Oyetola, Minister of Marine and Blue Economy made the declaration in Lagos, Thursday, at the 3rd Quarter Citizens’ and Stakeholders’ Engagement of the Ministry and her agencies.
According to the Minister, the event’s theme, “From Policy to Impact: Finance is Key,” is both timely and urgent as the Federal Executive Council’s approval of Nigeria’s first-ever National Policy on Marine and Blue Economy in May 2025 had created a clear roadmap for growth even though the next critical step lies in mobilising the capital needed to achieve results.
He said the new policy envisions economic growth across a wide range of sectors including shipping, fisheries and aquaculture, marine tourism, coastal infrastructure, renewable energy and ocean research.
In the opinion of the Minister, “vision without financing remains no more than a dream”. He pointed out that government alone cannot shoulder the immense responsibility of modernising Nigeria’s ports, sustaining maritime security, expanding aquaculture, or building climate-resilient infrastructure. It would take innovative partnerships, international financing mechanisms and strong private sector engagement to translate policy into measurable outcomes.
Oyetola drew attention to the Ministry’s proven record of discipline and results, recalling that in the first quarter of 2025, the Central Results Delivery Coordination Unit (CRDCU) awarded the Ministry a performance score of 96 per cent, while in 2024 the Presidential Enabling Business Environment Council named it the best performing ministry in the country. These achievements, he said, demonstrate the government’s capacity to deliver, but scaling up requires unlocking far greater resources.
The Minister cited recent examples where financing has already yielded impact. Nigeria, he noted, has sustained a piracy-free record for more than three years in the Gulf of Guinea, a feat made possible through investments in the Deep Blue Project. Rehabilitation and modernisation of Lagos ports are underway, designed to attract larger vessels, cut down turnaround time and create thousands of jobs, with similar initiatives planned across the country.
He said consultations with fisheries associations earlier in the year are driving the scaling of aquaculture, the development of fish harbours, and the deployment of satellite monitoring systems. These interventions, he said, have already contributed to Nigeria’s economic diversification agenda, with non-oil exports rising by almost 20 per cent in the first half of the year.
He argued that the marine and blue economy must not be seen as a government-only endeavour but rather as a shared prosperity project in which finance is the lever that will draw in long-term private capital, align practices with international standards, and ensure that every stakeholder effort complements the national 10-year policy. With policy clarity, proven results and demonstrated capacity, what Nigeria now requires is scale, and for that finance is indispensable.
“Distinguished stakeholders and partners, let us be clear: the Marine and Blue Economy is not solely a government agenda — it is a shared prosperity project. Finance is the lever that will attract long-term private capital; align our practices with global standards in PPPs, bonds, and blended finance, and ensure every stakeholder initiative complements the 10-Year National Policy for maximum impact,” the Minister said.
Minister Oyetola stressed that Nigeria’s path from policy to impact requires aligning ambition with resources, strategy with execution, and vision with impact.
“With collective commitment and innovative financing”, he said, “Nigeria is well placed to secure leadership in Africa’s marine and blue economy and to generate the prosperity, jobs and environmental resilience that its citizens deserve.”
The Permanent Secretary of the Ministry, Mr Olufemi Oloruntola, also addressed the gathering through a technical presentation titled “Imperatives of Public Investment for Marine and Blue Economy Development.” He described public investment as essential seed capital that de-risks private participation, strengthens regulatory institutions and aligns national priorities with long-term growth objectives.
Oloruntola warned that the current budgetary allocation to the marine sector is grossly inadequate when compared to the capital-intensive responsibilities of port modernisation, maritime security, fisheries, tourism and renewable energy. He therefore called for a dedicated Blue Economy Fund, stronger public–private partnerships, and the adoption of blue bonds, green financing instruments and development support from multilateral partners.
In his analysis, the Permanent Secretary outlined opportunities for Nigeria to harness, including the modernisation of seaports and inland waterways, support for indigenous shipping lines, expansion of fisheries and aquaculture, development of cruise terminals and eco-tourism infrastructure, as well as investment in marine biotechnology and renewable energy.
He argued that with the right financing structure, Nigeria could unlock access to over 1.5 trillion dollars in global blue economy opportunities projected by 2030, create millions of jobs, and secure sustainable livelihoods for coastal communities.
Making a presentation at the event, Mr Jude Chiemeka, Chief Executive Officer, Nigerian Exchange Limited, who delivered a paper titled “Marine and Blue Economy Development: Alternative Sustainable Financing Option”, highlighted the role of the capital market in raising long-term financing for blue economy projects, underscoring the importance of sustainability-linked loans, blended finance and impact investments in building resilience across the sector.
The event drew broad participation from maritime associations, financial institutions, civil society and other interest groups, reflecting a shared recognition that the marine and blue economy is central to Nigeria’s diversification agenda.
By Izuchukwu Ozoemena
Captain Warredi Enisuoh, Executive Director, Operations and Technical at the Tantita Security Services Ltd, will deliver the keynote speech at the 10th Annual Maritime Students and Youth Conference (AMSAY) billed for June 10, 2026. Venue is the Conference Hall of the Mission To Seafarers, 29 Marine Road, Apapa GRA, Lagos.
As stated in a release, Enisuoh will speak on the lead paper entitled, “The Youth and the Future of Nigerian Maritime Sector: Understanding How Nations Develop Their Maritime Industry.”
Organised by Platforms Communications annually, the arrowhead, Sylvanus Obasi, says the AMSAY Conference has over the past decade evolved into a critical platform for youth advocacy, mentorship and stakeholders’-students engagement to discuss and proffer solutions to contemporary issues affecting the future of Nigeria’s maritime sector, having consistently driven conversations around industry reforms, capacity growth, innovation and sustainable development.
With over two decades of global experience spanning maritime operations, aviation, and national security, Captain Enisuoh is widely regarded as a leading authority in maritime safety, shipping development, and infrastructure protection in Nigeria’s oil and gas sector.
He holds a Master Mariner Class 1 Unlimited Foreign Going License, an Aircraft Pilot’s License, and a Diploma in Aviation. His academic journey includes training at the Maritime Academy of Nigeria, Oron; Arab Maritime Transport Academy, Egypt; Australian Maritime College, University of Tasmania; Tasmanian Aviation College; and the Swiss Air Training Centre in Zurich.
Over the years, he has held strategic roles across continents, including eight years with Pacific International Lines in Singapore and six years with the Australian Maritime Safety Authority (AMSA). He also served as a lecturer, instructor, course developer, and examiner at the Australian Maritime College.
In Nigeria, he contributed significantly to sectoral development during his tenure at the Nigerian Maritime Administration and Safety Agency (NIMASA), where he served as Director of Maritime Safety and Director of Shipping Development.
Capt Warredi”s Keynote Speech will also feature a high-level panel discussion moderated by Captain Dr. Fola Ojutalayo, Marine Surveyor and Senior Lecturer at the Federal College of Fisheries and Marine Technology.
Panelists are drawn from diverse segments of the maritime industry, including regulators, shipowners, local content experts, technical professionals, legal practitioners, operators, and the academia as representatives from NIMASA, Shipowners Association of Nigeria (SOAN), Nigerian Shipowners Association (NISA), Nigerian Content Development and Monitoring Board (NCDMB), NLNG Shipping and Marine Services Limited, and the Maritime Academy of Nigeria, Oron, are expected to discuss the lead paper .
By Izuchukwu Ozoemena
The Ports Authority Police (Western) Command has called for deeper collaboration with maritime journalists as part of efforts to strengthen security within Nigeria’s port environment and support the growth of the nation’s maritime economy.
Commissioner of Police, Ports Authority Police (Western) Command, CP Oluwatoyin Iyabode Agbaminoja, made the call on Tuesday while receiving the newly elected executives of the Maritime Reporters Association of Nigeria (MARAN) during a courtesy visit to the Command Headquarters in Apapa, Lagos.
The visit, led by MARAN President, Mr. Oluyinka Onigbinde, provided an opportunity for both parties to reaffirm their commitment to promoting safety, security, and operational efficiency across Nigeria’s maritime domain.
Speaking during the engagement, Onigbinde commended the Command for its efforts in safeguarding the nation’s ports and other critical maritime assets, noting that security remains a key pillar for sustainable trade and economic development.
He pledged MARAN’s continued support through responsible journalism, accurate reporting, and constructive engagement with stakeholders in the maritime sector.
According to him, the media has a crucial role to play in creating public awareness, promoting transparency, and highlighting issues that impact the efficiency and competitiveness of Nigerian ports.
In her remarks, CP Agbaminoja congratulated the newly elected MARAN leadership and acknowledged the association’s longstanding contribution to the dissemination of credible information on developments within the maritime industry.
She emphasized that stronger cooperation between law enforcement agencies and the media would enhance public trust, improve security consciousness, and contribute to national economic growth.
The Commissioner noted that effective communication and timely information sharing are essential in addressing security challenges within the port ecosystem, stressing that the media remains a strategic partner in achieving those objectives.
She further assured the association of the Command’s readiness to maintain open channels of communication and foster productive partnerships aimed at advancing port security, maritime safety, and trade facilitation.
Nigeria’s ports serve as critical gateways for international trade and revenue generation, making security within the maritime sector a matter of national economic importance. Stakeholders have consistently advocated greater collaboration among security agencies, regulators, operators, and the media to strengthen surveillance, curb criminal activities, and improve operational efficiency.
The meeting concluded with both the Ports Authority Police Command and MARAN reaffirming their commitment to sustained engagement and cooperation in support of a safer and more efficient maritime industry.
By Izuchukwu Ozoemena
Nigeria’s pioneer maritime journalists’ body, the Maritime Reporters Association of Nigeria (MARAN) will inaugurate her brand new Executive Council on Tuesday, June 23, 2026, at the Rockview Hotel, Apapa, Lagos.
The high-profile event which is planned to bring together key stakeholders from the maritime, shipping, logistics, security, and media sectors will also feature discussions on strengthening ethical standards in maritime journalism.
The theme of the inauguration is “Upholding Ethical Journalism for Maritime Development.”
The Chairman of the occasion is Emmanuel Maiguwa Gankino, President, Maritime Security Providers Association of Nigeria (MASPAN), while the keynote address will be delivered by Mr. Bolaji Abimbola, a leading public relations and event management expert.
Special Guests of Honour expected at the event include the Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dayo Mobereola; the Managing Director of the Nigerian Ports Authority (NPA), Dr. Abubakar Dantsoho; the Executive Secretary/Chief Executive Officer of the Nigerian Shippers’ Council (NSC), Barr. Pius Akutah Ukeyima; and the Comptroller-General of the Nigeria Customs Service (NCS), Bashir Adewale Adeniyi, MFR. Also expected are chief executives of maritime agencies, captains of industry, leaders of maritime associations, terminal operators, shipping companies, freight forwarders, and other critical stakeholders across the maritime value chain.
Speaking ahead of the inauguration, MARAN President, Comrade. Oluyinka Onigbinde, described the event as a defining moment in the association’s journey towards deepening professionalism, credibility, and responsible maritime reportage.
The new executive council, he stated, will focus on repositioning MARAN as a stronger voice within the maritime sector through capacity building, constructive engagement, and adherence to ethical journalism standards.
He noted that the theme of the event underscores the indispensable role of the media in promoting transparency, accountability, and sustainable development within Nigeria’s maritime industry.
“The maritime industry is central to Nigeria’s economic growth, and ethical journalism remains a vital instrument for ensuring that developments within the sector are accurately reported and constructively engaged,” he added.
Onigbinde further called on government agencies, industry operators, and media practitioners to continue supporting initiatives aimed at strengthening maritime journalism and advancing the nation’s blue economy aspirations.
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Maritime Agencies3 weeks agoTantita Donates 15 Gun Boats to Nigerian Army, Navy.
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Maritime Agencies3 weeks agoREPORTER’S DIARY: How Lagos State Task Force Made Me ‘Igbobi Landlord’ For Filming Operatives Extorting Suspected ‘Okada’ Operators In Apapa*
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Maritime Agencies1 week agoCHANGE OF BATON at PTML Customs, Miko Replaces Joe Anani.
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