Headlines
Marine and Blue Economy sector holds better prospects for Nigerian youths– Oyetola

Funso OLOJO
The Minister of Marine and Blue Economy, Adegboyega Oyetola, has advised Nigerian youths to take advantage of the countless opportunities in the sector as they have better prospects.
Oyetola made this call on Wednesday, November 6th, 2024 at the 2024 International Conference, titled, ‘Advancing Entrepreneurship Education and Practice for Sustainable Development in Africa,”
The event was organized by the Institute for Entrepreneurship and Development Studies (IFEDS), Obafemi Awolowo University, Ile-Ife, Osun State.
The Minister, represented by the Managing Director, Nigerian Ports Authority (NPA), Abubakar Dantsoho, said that the blue economy sector promises a wealth of benefits for the growing youth population of Nigeria.
Oyetola highlighted the opportunities in the blue economy to constitute a spectrum of economic activities which include maritime shipping, the construction and repair of ships, port infrastructure and services, coastal tourism, fisheries and aquaculture, and generation of renewable energy offshore.
“Others are seabed mining; underwater cabling; marine biotechnology (in support of the pharmaceutical and chemical sectors); maritime education, research, and consultancy services; protection and restoration of marine habitats; water desalination and waste disposal.
He, however, called on academic institutions across the country to work together with the government to harness the numerous potential inherent in the nation’s ocean and coastal resources
“The Marine and Blue Economy represents a blue gold mine of entrepreneurial opportunities for African entrepreneurs and researchers.
“By harnessing innovation, embracing sustainability, and fostering collaboration between government, academia, and the private sector, we can create a thriving marine and blue economy that contributes significantly to Nigeria’s sustainable development.
“The Marine and Blue Economy represents a frontier of immense potential for Nigeria and indeed, all of Africa.
” It is a sector that, if harnessed correctly, can drive innovation, create jobs, and contribute significantly to our national and continental GDP”, the Minister said.

The minister, further stated that the blue economy sector promises a wealth of benefits for the growing youth population of the beloved nation.
According to him, the sector offered scope for innovation, sustainable growth, and fruitful entrepreneurial paths, saying the economic prospects offered by our blue economy are substantial and remarkable.
Other dignitaries at the Conference were the Vice Chancellor, Obafemi Awolowo University, Ile-Ife, Professor Adebayo Someone Banire, Director-General, National Maritime Administration and Safety Agency(NIMASA), Dr. Dayo Mobereola and Dr. Richard Akinola, the Chief of Staff to the Minister.
Nigeria has an expansive coastline of 853 kilometers along the Atlantic Ocean and a maritime area of 46,000 square kilometers within the Gulf of Guinea.
Its marine resources are both vast and varied. Our exclusive economic zone spans over 200 nautical miles, achieving a recent extension of 16,300 square kilometers – approximately five times the size of Lagos State.
“Additionally, Nigeria features an extensive resource of inland waterways, with the potential to support an intra-regional trade sphere through a length of 10,000 kilometers.
“Strategically situated navigational routes link Africa with North and South America, Europe, and Asia, making the maritime sector a crucial catalyst of our nation’s economy.
“Thus, the blue economy sector promises a wealth of benefits for the growing youth population of our beloved nation, offering scope for innovation, sustainable growth, and fruitful entrepreneurial paths. The economic prospects offered by our blue economy are substantial and remarkable.”
Customs
KLT Customs reaffirms commitment to stronger maritime stakeholder engagement

Gloria Odion, Maritime reporter
The Acting Customs Area Controller (CAC) of the Kirikiri Lighter Terminal (KLT) Area Command of the Nigeria Customs Service (NCS), Deputy Comptroller Bolaji Adigun, has reaffirmed the Command’s commitment to deepening engagement with stakeholders across the maritime industry in line with efforts to promote trade facilitation, transparency, and sustainable economic growth.
Adigun gave the assurance through the Deputy Comptroller in charge of Administration, Comptroller T.A. Jonah, who represented him during a courtesy visit by the newly elected Executive Committee of the Maritime Reporters Association of Nigeria (MARAN) to the Command in Lagos.
The Acting CAC, who was unavoidably absent, underscored the importance of sustained collaboration between the Nigeria Customs Service and key industry stakeholders, particularly the maritime media, in advancing the Service’s mandate and supporting national economic development.
He described the media as a critical partner in disseminating information on government policies, customs reforms, trade facilitation initiatives, revenue generation, and anti-smuggling operations.
According to him, maritime journalists occupy a strategic position in shaping public understanding and perception of activities within the port and maritime sector, stressing the need for professionalism, accuracy, and balanced reportage in the discharge of their duties.
Adigun further assured the MARAN delegation that the KLT Area Command would continue to operate an open-door policy while fostering cordial and productive relationships with stakeholders within the maritime community.
Earlier in his remarks, the President of MARAN, Mr. Oluyinka Onigbinde, stated that the visit formed part of the association’s ongoing stakeholder engagement initiative following the inauguration of its newly elected executive committee.
Onigbinde explained that the purpose of the visit was to formally introduce the new leadership of the association to the Command and strengthen the longstanding relationship between MARAN and the Nigeria Customs Service.
He commended the KLT Area Command for its contributions to trade facilitation, revenue generation, and enforcement activities, describing the Command as a vital component of Customs operations within Nigeria’s port system.
The MARAN President also reaffirmed the association’s commitment to professional, objective, and development-driven journalism, noting that maritime reporters play a significant role in promoting informed discourse on issues affecting the industry.
He further assured the Command of MARAN’s continued support for initiatives aimed at enhancing efficiency, transparency, and competitiveness within Nigeria’s maritime sector through responsible and factual reporting.
Headlines
One infant, three adults die, several others sustain injuries in fatal train derailment along Warri- Itakpe route

Commentaries
Why Nigeria must prioritize competency development and standards to harness gains of blue economy

Headlines2 months agoTinubu approves disbursement of CVFF by NIMASA
Aviation3 months agoFAAN resumes toll collection at Airports, adopts hybrid payment method
Headlines1 month agoJolapamo retrieves Ikoyi home, N473.347m from ex- wife, as court awards N5m damages against estranged wife
Aviation2 months agoFrom 6k to 50k: The economic insensitivity of arbitrary hike in parking rate at MM2
Headlines2 months agoNSW opens dedicated support centre in Apapa to assist port users
Headlines2 months agoNational Assembly spurns opposition against Tantita’s pipelines surveillance contract






