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National Marine and Blue Economy policy will unlock untapped potential in maritime industry — Oyetola

Funso OLOJO
The Minister of Marine and Blue Economy,  Adegboyega Oyetola, has expressed optimism that the National Marine and Blue Economy policy recently approved by the Federal Executive Council(FEC) is the golden key that will unlock the hidden prosperity in the maritime industry.
It could be recalled that FEC, on Monday, May 5th, 2025, approved the policy document.
An obviously elated Minister described the approval of the document as a” defining moment for our nation”, saying the policy will lay a strong foundation for sustainable prosperity for the country.
Oyetola, who spoke in Abuja shortly after the approval by the FEC, described the policy as a visionary framework for national development, hailing the FEC’s decision as timely and transformative.
He stated that the new policy will serve as a strategic guide for the development of the marine and blue economy sector over the next ten years, helping Nigeria harness the full value of its oceans, seas, rivers, and inland waterways.
According to the Minister, the document provides not just policy direction, but a long-term implementation plan that aligns environmental protection with inclusive economic growth.
“This is a defining moment for our nation,” Oyetola said shortly after the policy’s approval.
 “The Federal Executive Council’s endorsement of this visionary policy signals a new dawn for Nigeria’s engagement with its marine and aquatic resources.
“It is not just a policy document — it is a bold declaration of intent.”
 He emphasized that the policy is designed to function as a living document, adaptable over time and responsive to global advancements, domestic realities, and sectoral innovation.
Oyetola explained that the policy was developed through a rigorous, inclusive process involving multilevel consultations with critical stakeholders across the country.
He underscored the importance of that collaborative approach, noting that it lends both credibility and practicality to the final product.
“This is not a top-down document. It is the outcome of patient dialogue, expert input, and stakeholder consensus. That is why we are confident in its impact,” he said.
The Minister noted that Nigeria’s coastal and marine assets — spanning 853 kilometers of coastline and extensive inland waterways — have remained largely underutilized for decades.
With the new policy in place, he said, the country now has a comprehensive blueprint to transform these resources into drivers of economic diversification, job creation, and environmental sustainability.
“We now have a policy that speaks to our aspirations and gives us the tools to achieve them.
*From maritime trade and aquaculture to blue tourism and clean ocean energy, this policy presents clear pathways to national development,” Oyetola remarked.
He stressed that the policy provides simple, actionable guidelines for both public and private stakeholders to align their efforts with Nigeria’s marine and blue economy agenda.
 It includes an embedded monitoring and evaluation framework to ensure measurable results and accountability over the policy’s ten-year lifespan.
 Oyetola assured that the Ministry of Marine and Blue Economy is fully prepared to lead the implementation phase with diligence and transparency.
Importantly, the Minister highlighted the pivotal role of private sector investment in realizing the policy’s goals.
“Private sector investments are crucial for implementing the National Marine and Blue Economy Policy,” Oyetola emphasized.
 “We strongly encourage domestic businesses and international investors to direct investment into activities that help to grow the marine and blue economy in Nigeria.
” Furthermore, Public Private Partnerships (PPPs) will be vital in mobilizing the technical expertise and financial capital needed to unlock the full potential of this sector.”
The Minister further noted that the policy aligns with President Bola Ahmed Tinubu’s Renewed Hope Agenda, which emphasizes economic expansion, climate resilience, and social inclusion.
“This policy reflects Mr. President’s vision of a reimagined Nigeria — one that draws strength from its natural endowments while safeguarding the environment for future generations,” he said.
Minister Oyetola reaffirmed his commitment to ensuring that the policy translates into tangible improvements in livelihoods, national revenue, and ecological well-being.
“It is time to turn the tide,” he declared. “The ocean is not just a boundary — it is our future. And with this policy, we are ready to navigate that future with clarity, purpose, and unity,” he added.
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NRC grants Lagos Government permanent approval to operate Red Line rail services

Funso OLOJO, Editor

The Nigerian Railway Corporation (NRC) has granted final approval to the Lagos State Government to operate two of its rail tracks under the Track Sharing Agreement, paving the way for the full operation of the Lagos Rail Mass Transit (LRMT) Red Line project.

The LRMT Red Line commenced passenger operations on October 15, 2024, with morning and evening peak-hour services following its inauguration by President Bola Ahmed Tinubu.

The permanent approval follows the temporary operating approval granted by the NRC in 2025 under the Track Sharing Agreement with the Lagos State Government.

Presenting the Permanent Operating Licence to the Lagos Metropolitan Area Transport Authority (LAMATA) on Tuesday, June 30th, 2026, the Managing Director of the Nigerian Railway Corporation, Dr. Kayode Opeifa, said the approval confers on the Lagos State Government all the rights and obligations contained in the Track Sharing Agreement.

According to him, the licence also empowers the state to operate rail services in line with international best practices.

Opeifa described the milestone as a testament to the mutual trust, cooperation and shared vision that have continued to define the partnership between the NRC and the Lagos State Government.

“Beyond providing access to the tracks, our collaboration has also included the training and capacity development of the Red Line’s operational personnel, demonstrating the immense value of strong institutional partnerships,” he said.

He commended the Lagos State Government for its confidence in the NRC and its sustained commitment to the partnership.

“I also commend the Government for its remarkable investment in public transportation, particularly in the rail subsector, including the acquisition of adequate rolling stock to meet the growing mobility needs of Lagosians,” he added.

The NRC Managing Director noted that the development of modern rail infrastructure requires foresight, substantial capital investment and sustained political will, qualities he said the Lagos State Government has consistently demonstrated.

Opeifa also urged other state governments across the federation to invest in rail infrastructure and services to complement the Federal Government’s efforts to strengthen Nigeria’s railway network.

According to him, expanding rail transportation nationwide would ease congestion on highways, reduce logistics costs, improve passenger mobility, stimulate industrial and commercial activities, and accelerate national economic growth.

He stressed that rail transportation remains the backbone of efficient mass transit systems in major cities around the world.

“Continued investment in rail infrastructure is essential to providing safe, reliable, environmentally sustainable and high-capacity mobility for our growing population, while significantly reducing pressure on our road network,” he said.

Opeifa reaffirmed the NRC’s commitment to fostering productive partnerships that will transform Nigeria’s transport landscape.

“Together, we will continue to build an integrated, efficient, safe and sustainable railway system that serves the aspirations of all Nigerians,” he concluded.

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NPA unveils multi-agency task force to tackle resurgent port access gridlock

Funso OLOJO, Editor

The Nigerian Ports Authority (NPA) has launched a multi-agency task force to combat the resurgence of traffic gridlock choking the Lagos port access roads, in a fresh push to restore seamless cargo evacuation and sustain recent gains in port efficiency.

The intervention followed a stakeholders’ meeting convened by the Managing Director of the NPA, Dr. Abubakar Dantsoho, on June 23rd, 2026, where security agencies, freight forwarders, truck operators and representatives of the Lagos State Government agreed on coordinated measures to eliminate the bottlenecks disrupting cargo movement.

At the meeting, stakeholders identified illegal extortion points, overlapping responsibilities among security agencies and other operational distortions as major factors responsible for the renewed congestion along the port corridor.

Speaking on the outcome of the meeting, the NPA’s General Manager, Corporate and Strategic Communications, Mr. Ikechukwu Onyemakara, said the Authority’s overriding priority is to guarantee the unhindered movement of cargo to and from the nation’s seaports.

According to him, the task force comprises the NPA, the Police, the National Association of Government Approved Freight Forwarders (NAGAFF), the Association of Nigerian Licensed Customs Agents (ANLCA), the Federal Road Safety Corps (FRSC), the Maritime Workers Union of Nigeria (MWUN), the Nigerian Association of Road Transport Owners (NARTO) and the Association of Maritime Truck Owners (AMATO).

“The responsibility of the task force is to monitor truck movement on the port access roads on a regular basis, identify any disruption capable of causing gridlock and immediately resolve such challenges,” Onyemakara said.

He stressed that members of the task force would not establish checkpoints along the corridor but would maintain strategic presence at designated locations to ensure compliance without obstructing traffic.

To enhance rapid response, Onyemakara disclosed that the task force has created a dedicated WhatsApp platform through which members can instantly report infractions or emerging traffic issues for immediate intervention.

On the long-delayed renewal of the Electronic Truck Call-Up (ETO) system contract, the NPA spokesman said the Authority is reviewing the terms to ensure a more robust contractual framework before awarding a fresh agreement.

He explained that although the previous contract had expired, the ETO platform remains operational under the management of the Truck Transit Parks (TTP) pending completion of the procurement process.

He expressed confidence that the renewal would be concluded soon.

Reaffirming the Authority’s commitment to maintaining free-flowing port access roads, Onyemakara said efficient logistics remain central to the NPA’s drive to improve Nigeria’s port competitiveness and preserve its growing international reputation.

“We are more interested in the free flow of logistics into our ports than anyone else because it is in our own interest,” he said.

“If you look at the international recognition we are receiving, including the World Bank report, we are determined to sustain and even surpass the improvements already recorded in our port system.
“You can be assured that we remain fully committed to achieving the best possible performance from our ports.”

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Customs Steps Up Nationwide Green Tax Awareness Ahead of July 1 Rollout

Funso OLOJO, Editor

The Nigeria Customs Service (NCS) has intensified its nationwide sensitisation campaign ahead of the July 1, 2026 implementation of the Green Tax Surcharge and related fiscal adjustments, aimed at promoting environmental sustainability and encouraging the importation of cleaner vehicles.

The awareness campaign, held on Friday July 26th, 2026 at the Apapa Area Command, brought together Customs officers, licensed customs agents, freight forwarders, importers and other key stakeholders under the theme: “Implementation of the Green Tax Surcharge and Related Fiscal Adjustments.”

Representing the Comptroller-General of Customs, Adewale Adeniyi, the Zonal Coordinator, Zone A, Mohammed Babadende, said the exercise was designed to ensure stakeholders fully understand the policy before its implementation.

“This sensitisation is designed to ensure that every stakeholder clearly understands the policy before implementation. Our objective is to eliminate uncertainty, promote voluntary compliance and guarantee uniform application of the Green Tax Surcharge across all commands,” Babadende stated.

Delivering a technical presentation, the Comptroller in charge of Tariff, System Audit and Coordination, Murtala Muazu, explained that the Green Tax Surcharge is different from conventional fiscal measures and would therefore require a separate assessment process.

He disclosed that the Service has simplified implementation through the HS Code declaration platform to facilitate seamless compliance by importers and clearing agents.

Muazu also revealed that the Federal Government has reduced import levies on vehicles from 20 per cent to 10 per cent, while import duty on used vehicles has been slashed from 15 per cent to five per cent to cushion the impact of the new environmental surcharge.

Area Controllers who participated in the sensitisation urged importers, licensed customs agents and the trading public to embrace the initiative, stressing that the reduction in import levies would lower the cost of doing business, promote legitimate trade and ultimately reduce transportation costs.

Stakeholders welcomed the policy but called for sustained public enlightenment to deepen understanding and ensure seamless compliance ahead of the July 1 commencement date.

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