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Oyetola predicts excess revenue from Blue Economy with 90 percent growth 

– set to overtake NNPCL in revenue generation 
Funso OLOJO 
The Minister of Marine and Blue Economy, Adegboyega Oyetola, has said that there is a silent revenue explosion in the Blue Economy industry in Nigeria with the potential to overtake the legendary Nigeria National Petroleum Corporation Limited(NNPCL) in revenue generation.
Oyetola, who was speaking to journalists on the sideline of the 2025 Day of the Seafarer held in Port Harcourt, Rivers State, on Wednesday June 25th, 2025, said the industry has already generated revenue in excess of 90 percent and is not looking back in its race to outdo the NNPCL.
The Minister said with automation, modernization of the nation’s ports and the deployment of technology, the Blue Economy will be the next cash cow for the country.
He further stated that the Ministry was
doing its best to unlock the potential for the growth of the Nigerian economy through job creation and environmental sustainability.
“I want to assure you, even right now, within a little time, we’ve increased our revenue by not less than 90 per cent.
” We’re just not making noise about it, but with automation, with the modernisation of the port, with the development of technology, we believe that the Blue Economy will surpass the NNPC revenue.
“We’re doing our best to ensure that we’re able to unlock the potential of the options for the growth of the Nigerian economy, job creation and environmental sustainability.”
“In the past, there was no operating policy. We succeeded in putting a policy in place that is very robust and has met the world’s best standards.
“It is a policy that defines in clear terms the operation of the Blue Economy in Nigeria.”
Meanwhile, in what appears to be a major milestone in Nigeria’s journey towards a smarter, more transparent, and efficient maritime sector, the federal government has launched a Maritime Labour E-Platform to digitalise the governance of maritime labour.
Oyetola, who officially unveiled the digital platform at the Port Hacourt event, said the platform is more than just a portal, but offers real-time data access, enhances regulatory compliance, and creates a centralised system for labour administration.
 “This E-Platform is a bold step toward digital governance, improved service delivery, and industry-wide innovation.
” The platform offers real-time data access, enhances regulatory compliance, and creates a centralised system for labour administration.
“I commend NIMASA for this forward-looking initiative, which aligns perfectly with our Ministry’s vision of ease of doing business, global competitiveness, and human capital development in the blue economy.”
While encouraging maritime stakeholders to embrace the new platform and make full use of its capabilities, he remarked that this year’s theme of The Day of the Seafarer “My Harassment-Free Ship,” speaks to the collective duty to make every ship as a safe, respectful workplace.
“Harassment and bullying have no place in our maritime industry. We are prioritising quality training by upgrading maritime institutions, expanding capacity-building programmes, and aligning our seafarer education with international standards.”
“We are committed to full compliance with the STCW Convention, including recent amendments mandating anti-harassment training onboard ships.
” These steps are vital to ensure our seafarers remain competitive and globally employable,” he said.
The Minister assured that the government is investing in seafarers’ welfare through stronger regulation of recruitment and placement agencies, improving access to decent work, and collaborating with shipowners to guarantee fair treatment and onboard safety.
“The recent Collective Bargaining Agreement, facilitated by NIMASA alongside industry unions and employers, sets a new benchmark for fair wages, decent working conditions, and improved dispute resolution.
” NIMASA continues to enforce flag and port state controls, and promote Nigeria’s presence in global shipping, ensuring our seafarers are well-protected and respected internationally,” he stated.
Nevertheless,  the Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr Dayo Mobereola, called on Shipowners, operators and crewing agencies to review their operational manuals to align with the amendments to the MLC 2006 code.
The MLC 2006 codes, it was gathered, addressed issues affecting Seafarers such as recognition of seafarers as key workers, improved protection against shipboard violence and harassment, enhanced access to shore leave, repatriation, and updated medical and occupational safety standards.
“At the recently concluded 113th session of the International Labour Conference held in Geneva, seven amendments to the MLC 2006 code addressing a broad range of issues affecting Seafarers, including the recognition of seafarers as key workers, improved protection against ship board violence and harassment, enhanced access to shore leave and repatriation and updated medical and occupational safety standards were approved by an overwhelming majority.
“These seven amendments reflect a collective global effort to align maritime Labour standards with the evolving landscape of global shipping.
” I therefore call on Shipowners, operators and crewing agencies to begin to review their operational manuals to align with these amendments ahead of the expected entry into force in December 2027.
“Our Seafarers must be able to report grievances without fear of retaliation, while also ensuring protection against vexations or malicious complaints.”
Dr Mobereola however urged government, employers, unions, shipowners, and civil society not to leave Seafarers alone in their struggles.
He also argued that a vessel is not just a seafarer’s place of work but a temporary home that must reflect the highest standards of dignity and professionalism, fostering zero tolerance for harassment.
‘Today provides an opportunity for the Maritime Community to honour Seafarers globally for their immense contribution to both domestic and international trade, powering the blue economy and connecting nations across oceans.
“The theme for this year’s celebration — “My Harassment-Free Ship” — is particularly apt, as it is a call to action to ensure that our seafarers feel safe, are valued and protected while at sea because the ship is not just their place of work; it is their temporary home.
“It must therefore reflect the highest standards of dignity and professionalism fostering zero tolerance for harassment.
“NIMASA must therefore continue to play its part in ensuring that Nigeria contributes effectively to regulations affecting Seafarers.
“We remain the highest contributor of Seafarers in Africa. Our men and women sail on vessels in our domestic waters and also globally.
” This will continue to grow through the Nigerian Seafarers Development Program (NSDP) and the efforts of our Maritime Training Institutions.”
Dr Mobereola, who further stated that a harassment-free ship is a cohesive ship, stated that Nigeria will create confidential reporting channels for incidents of harassment and ensure that reports are thoroughly investigated and addressed.
“In addition, NIMASA will play its role by establishing clear policies and procedures for preventing and addressing harassment on Nigerian–flagged vessels, ensuring confidential reporting channels for incidents of harassment and that reports are thoroughly investigated and addressed.
“Today is a clear reminder to us all – government, employers, unions, shipowners, and civil society- that Seafarers should not be left alone in their struggles.
” They look up to us to help them foster a culture of zero tolerance on ships to protect their dignity.”
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Oyetola presents three-year score card as blue economy industry revenue hits ₦1.83trn

Funso OLOJO,  Editor

The Minister of Marine and Blue Economy, Adegboyega Oyetola, has declared that Nigeria’s maritime sector has undergone a far-reaching transformation in the three years since President Bola Ahmed Tinubu created the Federal Ministry of Marine and Blue Economy in August 2023.

Oyetola, while presenting the Ministry’s three-year scorecard, said the administration had made significant progress in unlocking the economic potential of Nigeria’s 853-kilometre coastline and extensive inland waterways, with the marine and blue economy increasingly emerging as a major driver of revenue, trade, security and employment.

According to him, the reform programme has produced measurable gains in revenue generation, port infrastructure, maritime security, regulation, indigenous shipping, human-capital development, fisheries and inland-waterway safety.

“At the heart of our mandate is a simple but powerful objective: to turn Nigeria’s vast marine resources into sustainable economic value for Nigerians,” Oyetola said.

Revenue climbs 160 per cent

The Minister identified revenue growth as one of the clearest indicators of the sector’s transformation.

Agencies under the Ministry generated ₦1.83 trillion in 2025, representing a 160 per cent increase over the ₦700.79 billion recorded in 2023.

Oyetola attributed the surge to regulatory reforms, stronger revenue assurance, digitisation and the systematic closure of financial leakages.

He said the improved revenue performance was part of a broader strategy to establish a more transparent, efficient and investment-friendly maritime economy.

Nigeria gets first blue economy policy

A major milestone of the reform programme, according to Oyetola, was the approval in May 2025 of Nigeria’s first National Policy on Marine and Blue Economy.

He said the policy provided, for the first time, a unified framework for developing shipping, fisheries, offshore energy, marine biotechnology and other emerging opportunities within the marine economy.

“This policy gives us a clear roadmap. It provides the predictability and transparency investors need while ensuring that our marine resources are developed sustainably,” he said.

The Minister said the policy would guide government intervention while providing greater certainty for private-sector investment across the marine and blue economy value chain.

Ports undergo major transformation

Port modernisation, Oyetola said, remained at the centre of the Ministry’s transformation agenda.

He said the Federal Government was implementing a comprehensive programme to upgrade major seaports, including Apapa, Tin Can Island, Onne, Rivers, Calabar and Warri.

The programme covers channel improvements, modern cargo-handling infrastructure and increased digitisation of terminal operations, aimed at improving efficiency and enabling Nigerian ports to handle larger volumes of international trade.

The reforms have also attracted international recognition.

The World Bank and S&P Global Market Intelligence ranked Tin Can Island Port 10th and Lagos Port Complex, Apapa, 12th among the world’s 20 most improved container ports between 2020 and 2025.

Oyetola said government had also made progress in tackling congestion around the Apapa port environment through the electronic truck call-up system, dedicated holding bays and expanded inland barging.

The acquisition of modern tugboats, pilot cutters and dredging equipment by the Nigerian Ports Authority, he added, had further strengthened port operations.

“We have moved from managing congestion to building a port system that can compete globally,” Oyetola said.

He said the Federal Government was also pursuing an expansion of port capacity through deep-seaport projects in Akwa Ibom, Cross River, Bayelsa, Ondo, Lagos and Rivers states.

The operationalisation of inland dry ports, including the Funtua Inland Dry Port in Katsina State, is similarly expected to take cargo-handling and clearance services closer to businesses in the hinterland and reduce pressure on coastal ports.

Regulation, lower costs for port users

The Minister said regulatory reforms had also delivered tangible benefits to businesses operating in the maritime sector.

According to him, the new Nigeria Ports Economic Regulatory Authority framework will strengthen economic regulation of the port sector, while interventions by the Ministry and its agencies have saved port users more than ₦86 billion in unjustified demurrage.

He added that nearly 300 commercial disputes had been resolved through Alternative Dispute Resolution.

Oyetola said government had introduced measures to eliminate unauthorised shipping charges and strengthen freight and foreign-exchange verification in an effort to reduce leakages and curb capital flight.

He said the objective was to create a maritime business environment where legitimate operators could compete on a level playing field while Nigerian businesses were protected from avoidable costs.

Maritime security records major gains

Improved port efficiency, Oyetola said, had been accompanied by significant gains in maritime security.

Nigeria has maintained zero piracy in its territorial waters for four consecutive years, according to the Minister, with maritime security assets deployed under the Deep Blue Project helping to secure the country’s waters.

He said the achievement had eliminated costly piracy-related surcharges on vessels calling at Nigerian ports while strengthening Nigeria’s reputation as a safer maritime corridor.

Nigeria also regained its seat on the International Maritime Organization Category C Council in November 2025, following a 14-year absence.

Through the Nigerian Maritime Administration and Safety Agency, the country also secured the lifting of the 12-year United States Coast Guard Condition of Entry restrictions affecting vessels arriving from Nigerian ports.

“These achievements demonstrate that Nigeria is not only reforming its maritime sector at home; we are reclaiming our rightful voice and influence internationally,” Oyetola said.

Indigenous shipping gets renewed attention

Oyetola said the Federal Government remained committed to increasing Nigerian participation in the shipping industry.

He disclosed that plans were at an advanced stage to revive a national shipping carrier through a public-private partnership, while the long-awaited process for disbursing the Cabotage Vessel Financing Fund (CVFF) had commenced.

The fund, he said, would enable Nigerian shipowners to acquire modern vessels and strengthen indigenous capacity.

“We cannot build a truly blue economy if Nigerians remain spectators in their own maritime industry,” he said.

Human-capital development has also received increased attention, with seafarer training and sea-time placements expanded to create more opportunities for Nigerians seeking careers at sea.

According to Oyetola, the interventions have contributed to an increase of more than 80 per cent in average seafarer earnings.

He added that the Ministry, through the Nigeria Port Economic Regulatory Agency, facilitated a ₦200,000 monthly minimum wage for maritime and shipping workers.

Blue economy expands beyond ports

Oyetola said the Ministry’s transformation agenda extends beyond shipping and ports to fisheries, inland waterways, marine safety and environmental sustainability.

He said the Ministry supported the Federal Government’s Naira-for-Crude policy by streamlining marine logistics for domestic refineries.

On inland waterways, safety interventions have included the distribution of thousands of lifejackets and plans to replace unsafe wooden boats with modern fibreglass vessels.

The fisheries sector, he said, recorded further growth, with fish production reaching 1.4 million metric tonnes in 2025.

Nigeria also achieved 100 per cent compliance with Turtle Excluder Device requirements among inspected commercial shrimp trawlers, helping to protect marine biodiversity and preserve access to international markets.

Oyetola said the interventions reflected the Ministry’s broader philosophy that economic development and environmental sustainability should reinforce rather than undermine each other.

Digitisation and new institutions

Institutional reform has also featured prominently in the Ministry’s three-year programme.

Oyetola said the Ministry had digitised its internal operations through an Enterprise Content Management System (ECMS) to improve efficiency, transparency and accountability.

He also disclosed that the Ministry helped resolve a 16-year impasse that paved the way for the operationalisation of the Regional Maritime Development Bank (RMDB) in Nigeria.

According to him, the development would improve access to financing for businesses and projects across the maritime value chain.

Foundation for the next phase

Oyetola said the achievements recorded over the past three years should be regarded as the foundation for a much larger economic opportunity.

He said the ultimate objective was to establish a maritime ecosystem in which efficient ports support trade, stronger security attracts shipping, Nigerian businesses capture a greater share of the maritime value chain, coastal and inland communities benefit from new economic opportunities, and marine resources are developed sustainably.

According to him, the combination of rising revenues, a new national policy framework, port modernisation, improved maritime security, stronger regulation, investment in human capital and renewed international engagement had placed Nigeria’s marine and blue economy on a stronger trajectory.

“The blue economy is no longer an untapped frontier. It is becoming a major engine of national prosperity, regional competitiveness and sustainable growth,” Oyetola said.

 

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NIHOTOUR promotes culinary, cultural exchange at Nigeria-China food festival

Gloria Odion, Reporter

The National Institute for Hospitality and Tourism (NIHOTOUR), in collaboration with the China Cultural Centre in Nigeria, has used the 2026 Nigeria-China Food Festival to promote culinary diplomacy, cultural exchange and stronger people-to-people relations between the two countries.

The festival, held on August 27 at the China Cultural Centre in Abuja, was themed “From Farm to Feast” and formed part of activities marking 55 years of diplomatic relations between Nigeria and China.

The event brought together more than 200 participants, including hospitality professionals, chefs, tourism stakeholders, government officials, diplomats, entrepreneurs and cultural practitioners from both countries.

A major attraction of the festival was the presentation of 14 Chinese dishes representing seven regions of China alongside 12 Nigerian dishes reflecting the country’s six geopolitical zones.

The diverse selection offered guests an opportunity to experience the distinctive ingredients, preparation techniques and culinary traditions of both countries while learning about the communities and cultures behind the food.

For NIHOTOUR, the festival also served as a platform to showcase Nigerian cuisine as an important component of the country’s tourism proposition and draw attention to the wide range of people and enterprises that make up the food and hospitality value chain.

Speaking at the event, the Director-General/Chief Executive Officer of NIHOTOUR, Aare Abisoye Fagade, reaffirmed the Institute’s commitment to developing the skills and human capacity needed to strengthen Nigeria’s hospitality and tourism industry.

Fagade said such initiatives could help create opportunities for young people, professionals and entrepreneurs while promoting Nigeria’s rich culinary heritage to domestic and international audiences.

The theme, “From Farm to Feast,” also highlighted the extensive value chain behind every meal—from farmers and food producers to processors, chefs, hospitality operators and businesses that ultimately serve consumers.

NIHOTOUR used the occasion to emphasise the tourism potential embedded in Nigeria’s diverse culinary traditions. Each of the country’s six geopolitical zones has distinctive dishes, ingredients and methods of preparation that can be developed into authentic cultural and tourism experiences.

The Chargé d’Affaires ad interim of the Embassy of the People’s Republic of China in Nigeria, Mr. Zhou Hongyou, underscored the importance of food in promoting cross-cultural understanding and strengthening people-to-people relations.

Also in attendance was the Cultural Counsellor of the Chinese Embassy and Director of the China Cultural Centre in Nigeria, Mr. Yang Jianxing.

Their participation reinforced the role of cultural diplomacy in deepening the longstanding relationship between Nigeria and China.

Beyond the food presentations, the festival featured cultural activities and opportunities for interaction between Nigerian and Chinese participants. It also opened avenues for potential collaboration in hospitality, tourism, culinary training, cultural exchange and enterprise development.

The event comes at a significant point in Nigeria-China relations, with both countries commemorating 55 years of diplomatic ties. While bilateral relations have expanded into areas such as trade, investment, infrastructure and education, cultural initiatives provide an important avenue for strengthening the relationship at the people-to-people level.

NIHOTOUR said it would continue to pursue partnerships capable of advancing Nigeria’s hospitality and tourism sector, strengthening professional capacity, supporting enterprise development and creating opportunities across the tourism value chain.

Through initiatives such as the Nigeria-China Food Festival, the Institute is positioning food and hospitality not only as avenues for economic development but also as powerful instruments of cultural diplomacy and international engagement.

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NIMASA DG, Mobereola, briefs Tinubu on maritime development in Nigeria

Funso OLOJO, Editor

The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr Dayo Mobereola, has briefed President Bola Ahmed Tinubu on the agency’s efforts to develop Nigeria’s maritime industry.

Mobereola, who met with the President at the State House, Abuja, also briefed him on developments within NIMASA over the past two years, highlighting the progress recorded by the agency as well as the challenges confronting the maritime sector.

Following the briefing, President Tinubu reaffirmed his administration’s commitment to the continuous development of Nigeria’s maritime industry, stressing the strategic importance of the sector to the nation’s economic growth.

The President noted that the creation of the Ministry of Marine and Blue Economy was a deliberate policy initiative aimed at unlocking the enormous potential of the maritime sector and increasing its contribution to Nigeria’s Gross Domestic Product (GDP).

While commending NIMASA for the progress recorded so far, President Tinubu charged Mobereola and his management team to sustain the momentum and remain focused on delivering reforms capable of transforming the maritime sector.

He urged the agency to intensify its efforts towards strengthening Nigeria’s maritime administration, improving the operating environment for stakeholders and positioning the sector as a major driver of economic growth and national development.

The meeting further underscored the Federal Government’s determination to harness Nigeria’s vast maritime resources as part of its broader economic diversification and blue economy agenda.

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