The Minister of Marine and Blue Economy, Adegboyega Oyetola, has charged agencies of the ministry to align and prioritise their 2025 budget proposals to ensure massive and impactful development in line with the pillars of the National Policy on Marine and Blue Economy and the 2021-2025 National Development Plan.
The minister, who made this known earlier today during the ministry’s session with agencies to consider their 2025 budget proposals, expressed optimism that the proposals would further consolidate the plan of the ministry to develop Nigeria’s marine and blue economy potentials.
While urging the agencies to demonstrate transparency, fiscal prudence, and strategic prioritisation, he said: “Our fiscal strategy must reflect the ambitions outlined in our policy framework.
“We are tasked with ensuring that every naira allocated delivers a measurable impact.
“I hope that the 2025 budget will not only provide for the immediate needs of this ministry/agencies but will serve as a catalyst for sustainable marine resource management and long-term national economic growth.”
Oyetola affirmed that the marine and blue economy sector holds unparalleled potential for national development as it provides sustainable platform for economic growth, job creation and environmental stewardship, adding that attaining these aligns with the key priority areas of the President’s Renewed Hope Agenda as it relates to marine and blue economy.
He further stated that resources should be channelled towards strengthening maritime domain through investments in surveillance systems, operations and enforcement of maritime laws.
He highlighted the need to enhance capacity in aquaculture, fishing ports and curbing illegal and unregulated fishing activities in the sector.
He said other priority areas such as promoting oceanographic research, stock assessment, renewable marine energy and climate resilience technologies should equally be on the front burner of the agencies.
On the draft National Policy on Marine and Blue Economy, the minister stated that the policy is not just a document but also a roadmap that will guide collective efforts towards the sustainable management of marine resources, climate adaptation, technological innovation and enhanced governance in the sector.
“This policy embodies our commitment to international best practices and sustainable development goals, particularly SDG 14, which emphasises the sustainable use of oceans, seas and marine resources,” he said.
The heads of agencies in attendance included Nigeria Ports Authority, Nigerian Maritime Administration and Safety Agency, National Inland Waterways, Nigerian Shippers’ Council, Maritime Academy of Nigeria, Council for the Regulation of Freight Forwarding in Nigeria, Nigeria Institute for Oceanography and Marine Research, National Institute for Freshwater Fisheries Research, Federal College of Freshwater Fisheries Technology, and the Federal College of Fisheries and Marine Technology.
