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
The National President of the National Association of Government Approved Freight Forwarders, NAGAFF, High Chief Tochukwu Ezisi, has been honoured with the Golden Era Pillar of Logistics Excellence, Purposeful Entrepreneur, Philanthropy and National Development Award by the Radio, Television, Theatre and Art Workers’ Union, RATTAWU.
The award was presented on Monday at the Intercontinental Hotel, Victoria Island, Lagos, during the RATTAWU Safe Democracy Summit and Golden Honours, themed, “Electoral Integrity in an AI Era – Role of Responsible Media and Culture in Safeguarding Democracy.”
The event attracted prominent personalities, including representatives of the Minister of Information and National Orientation, Mohammed Idris, and the Minister of Labour and Employment.
Other dignitaries in attendance included the National President of the Nigerian Institute of Public Relations, NIPR, Dr. Ike Neliaku, who chaired the occasion; the President of the Association of Communication Scholars and Professionals of Nigeria, Prof. Rotimi Williams Olatunji, who delivered the keynote address; representatives of the Lagos State Commissioner of Police; NAGAFF founder, Dr. Boniface Aniebonam; traditional rulers, freight forwarders and business leaders.
Speaking at the ceremony, RATTAWU National President, Prince Emeka Kalu, described Ezisi as a philanthropist and community leader whose contributions to logistics, entrepreneurship and national development had positively impacted many lives.
He said the union considered Ezisi deserving of recognition for his commitment to humanitarian causes and development initiatives, noting that society should celebrate individuals who have distinguished themselves through hard work and selfless service.
Kalu also reaffirmed RATTAWU’s commitment to defending the rights of the oppressed, giving voice to the voiceless and supporting vulnerable members of society.
Representing the Minister of Information and National Orientation, the Director of Public Relations and Protocol in the ministry, Dr. Suleiman Haruna, said inquiries about Ezisi’s background revealed him to be a man whose contributions to humanity had earned him widespread respect.
Haruna likened the NAGAFF president to “a mighty river that irrigates lands and people,” saying his generosity had positively transformed many lives.
Several speakers, including Chairman of the NAGAFF Board of Trustees, Mr. Chidiebere Enelamah, and the association’s National Vice President, Princess Chi Ezeh, also paid glowing tributes to Ezisi, describing him as a compassionate leader whose recognition was well deserved.
Enelamah commended Ezisi’s wife for her support, describing her as a pillar behind her husband’s success.
Representatives of the Imperial Philanthropic Family equally praised the NAGAFF President for his longstanding support for charitable causes across the country, saying the honour reflected his commitment to humanitarian service.
They urged him to remain steadfast in his philanthropic activities, noting that his impact had changed many lives and inspired others to serve humanity.
Responding, an emotional Ezisi expressed gratitude to God, his family, friends and supporters for standing by him throughout his journey.
He also acknowledged the founder of NAGAFF, Dr. Boniface Aniebonam, for providing him with the platform to serve, while thanking RATTAWU for the recognition.
Ezisi pledged his continued support for the union and assured members that he would always be available whenever called upon.
He described the honour as one of the most memorable moments of his life and thanked guests for their presence and goodwill.
Maritime Agencies
Oyetola Vows to Strengthen Local Capacity, Innovation, Responsible Investments As STARZS Celebrates 40th Anniversary.
By Izuchukwu Ozoemena
The story of STARZS Group’s phenomenal growth and impact in the past four decades, in many respects, mirrors Nigeria’s growth and advancement in all spheres. The story reflects boldness in vision, resilience in capacity, innovation in execution and steadfastness in the pursuit of excellence.
Minister of Marine and Blue Economy, His Excellency Adegboyega Oyetola made the submission in Port Harcourt, Rivers State, during an impressive ceremony by the company to celebrate her 40th anniversary. He was represented by the Director -General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr Dayo Mobereola.
”As we celebrate this achievement, we are reminded that no action and no nation can attain sustainable maritime prosperity without a vibrant and competitive indigenous values sector. Government creates the enabling environment, but it is the enterprise, innovation, and doggedness of companies such as STARZS that transform policy into economic opportunity, create jobs, build local capacity, and deepen national prosperity.”
”This conviction underpins the vision of His Excellency, President Bola Ahmed Tinubu, GCFR, in establishing the Ministry of Marine and Blue Economy as a strategic platform for unlocking the immense potentials of Nigerian maritime domain. Our mandate is clear to position the marine and maritime blue economy as a major driver of economic diversification, industrial growth, food security, trade competitiveness, and national development. We will remain committed to expanding opportunities for indigenous compensation across the maritime planetary, whether in shipping, marine logistics, shipping management, offshore support services, shipbuilding, or marine engineering.”
The Minister emphasized the Ministry’s objective which is to ensure that Nigerian companies are not just participants but leaders in the growth of the maritime economy.
” We will continue to work with relevant institutions to strengthen local capacity, encourage responsible investment and create an environment in which indigenous businesses thrive. Human capital development remains central to this vision.”
”The future of the maritime industry will ultimately depend on the quality, competence, and innovation of our people. We are therefore placing renewed emphasis on maritime education, seafarer development, technical skill acquisition, and greater collaboration with governments, academia, and industry to prepare the generation of new maritime professionals for Nigeria. Equally important is our commitment to maritime safety and security.”
The progress Nigeria has made in securing its maritime domain through the Deep Blue project, Oyetola explained, has enhanced investor confidence and reinforced her standing within the Gulf of Guinea.
Nigeria shall continue to consolidate on these gains through stronger inter-agency collaboration, improved surveillance capabilities and sustained investment in maritime security infrastructure, recognizing the fundamental importance of safe waters.
Maritime Agencies
NCDMB Hails STARZS @ 40, Reiterates Objectives of the Nigerian Oil and Gas Industry Content Development Act of 2010.
By Izuchukwu Ozoemena
The Nigerian Content Development and Monitoring Board (NCDMB) says four decades of sustained contribution to Nigeria’s maritime and offshore logistics sector reflects resilience, vision, innovation and commitment to national development.
Engr Felix Omatshola, NCDMB Executive Secretary/CEO made the submission in Port Harcourt, Friday, during a high-powered symposium put together by the STARZS Investments Company Limited to celebrate her 40th anniversary. He described the theme of the symposium – anchoring resilience, 40 years of private indigenous initiative, shaping Nigeria’s maritime future as both timely and significant as it speaks directly to the role of indigenous enterprise in building a competitive and sustainable maritime industry. The milestone recorded by STARZS Group, he explained , is worthy of celebration.
Speaking through Mr Silas Ajimijaye, the agency’s Director of Planning, Research and Statistics, Engr Omatshola congratulated Starzs which has, over the past 40 years, distinguished itself as one of Nigeria’s leading indigenous service providers, contributing to the growth of local capacity in marine logistics, shipyard services, offshore support operations and workforce development.
”The company’s journey demonstrates what is possible when Nigerian entrepreneurs are provided with opportunities, enabling policies and the determination to invest in local talent and infrastructure that meets international standards.”
”At the Nigerian Content Development and Monitoring Board, we strongly believe that sustainable national development is achieved when indigenous companies are empowered to participate meaningfully across the entire value chain of the oil and gas and maritime sectors. These beliefs remain at the heart of NCDMB and of course the Nigerian Oil and Gas Industry Content Development Act of 2010
which seeks to maximize in-country value retention, promote industrialization, create employment opportunities and build sustainable Nigerian capacity.”
NCDMB, he explained, is encouraged by the progress recorded by indigenous maritime companies such as STARZS whose investments have contributed significantly to strengthening local participation and reducing dependence on foreign service providers.
”The collaboration between NCDMB and indigenous companies has continued to yield positive outcomes in line with our mandate to deepen Nigerian content and foster economic diversification.”
”In recent years, we have also witnessed STARZS expand its investment into strategic growth areas within the energy sector, including initiatives that support Nigeria’s gas development aspirations and the federal government’s decade of gas programme. Such investments are important because they align with our collective vision of building strong indigenous institutions capable of driving industrial growth, energy security, and long-term economic prosperity for our dear country.”
”As we look towards the future, there is a need for stronger collaboration among industry operators, maritime service providers, financial institutions, policymakers, and regulators to address existing challenges and unlock new opportunities within the blue economy.
We must continue to invest in human capacity development, technology acquisition, infrastructure expansion, local manufacturing, research innovation, and operational excellence. To ensure that Nigerian companies remain globally competitive, the future of Nigerian maritime industry will depend not only on policy support but also on the willingness of Nigerian indigenous businesses to embrace innovation, maintain high standards of corporate governance, and pursue strategic partnerships that create long-term value,” Engr Omatshola concluded.
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Maritime Agencies3 weeks agoSTARZS INVESTMENTS COMPANY LTD @40: Four Decades of Advancing Indigenous Maritime Excellence.
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Maritime Agencies3 weeks agoStarzs’ 40th Anniversary: Company Doles out Scholarships to 40 Youths from Host Communities, Maritime Institutions.
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Maritime Agencies3 weeks agoLFTZ Customs Achieves Highest Monthly Revenue of Over N87 bn in June; Over N408bn Half-year, 2026.
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Maritime Agencies3 weeks agoSTARZS 40TH ANNIVERSARY: ‘We are Faith-based, And Doing Well’- CEO Iroghama …Thanks Founder For Laying Solid Foundation
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Celebration3 weeks ago
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