Business Hilights

Tracking Nigeria's Headline Business News Online

Transport

Just in: NIMASA tumbs up Tinubu for creating Marine/Blue Economy Ministry

Chevron
Advertisements
Ad 2
Advertisements
Ad 3
Advertisements

The Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Bashir Jamoh, has praised President Bola Ahmed Tinubu for the creation of the Marine and Blue Economy Ministry and appointment of Hon. Olubunmi Tunji-Ojo to man its affairs.

Jamoh said that with the creation of this “long overdue ministry” it will give a massive boost to plans and programmes the President intends to deploy.

While expressing optimism that the maritime industry is large enough to engage the teeming youths in the country adequately, he urged them to take advantage of the opportunities in the Nigerian maritime sector.

He said, “I want to commend President Bola Ahmed Tinubu for creating the Marine and Blue Economy Ministry and appointing Hon. Olubunmi Tunji-Ojo to man its affairs. There are new opportunities around us, and I’m glad Nigeria, with the creation of this ministry, will explore the concept of the blue economy.

“The blue economy is the sustainable use of ocean resources for economic growth, improved livelihoods, and jobs while preserving the health of the ocean ecosystem. Blue Economy Activities include Maritime shipping, Fishing & aquaculture, Coastal tourism, Renewable energy, Water desalination, Undersea cabling, Seabed extractive industries & deep sea mining, Marine genetic resources, and Biotechnology.”

“Honestly, this ministry is long overdue, more importantly, to support the diversification of the economy. Efficient management and sustainable exploitation of the marine resources in our seas and oceans, no doubt, provide a veritable tool for  Economic Growth.” Jamoh said.

Business Hilights is an online news channel conceptualized and structured to report and track on a daily basis; latest developments in critical business sectors to serve as a one stop news gateway for governments, foreign and indigenous investors.