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Blue Economy: Why Nigeria must awaken the sleeping giant for economic prosperity

Chika Chukwudi

At a time when Nigeria is urgently seeking sustainable pathways to economic stability, poverty reduction, and mass job creation, it has become increasingly clear that the nation must rethink its development priorities.

While agriculture, oil and gas, technology, and manufacturing all hold value, none offers the scale of untapped opportunity that lies within Nigeria’s blue economy and maritime sector.

It is time for the Federal Government to invest more aggressively in the blue economy than any other sector; not as an experiment, but as a strategic national imperative.

A sector with vast untapped potential,Nigeria is geographically positioned as a maritime powerhouse.

With over 850 kilometers of Atlantic coastline and access to the Gulf of Guinea, the country sits on one of the busiest maritime routes in Africa.

Additionally, Nigeria is blessed with extensive inland waterways, including the River Niger and River Benue systems, as well as numerous lakes and dams.

Yet, despite these natural advantages, the maritime sector contributes far below its potential to national GDP.

Ports remain under-optimized, inland waterways underutilized, fisheries underdeveloped, and coastal tourism largely unexplored.

A nation surrounded by water should not be surrounded by economic stagnation.

Job Creation at Unmatched Scale

No other sector has the capacity to generate employment across such a wide spectrum of skill levels as the blue economy.

From artisanal fisheries to industrial aquaculture, from shipbuilding and repairs to maritime logistics, from port management to marine biotechnology, the opportunities span both formal and informal sectors.

Unlike capital-intensive industries that absorb limited skilled labor, the maritime sector can employ millions—fishermen, boat builders, marine engineers, dockworkers, environmental scientists, processors, exporters, and entrepreneurs.

Investing in fisheries and aquaculture alone could significantly reduce Nigeria’s dependence on fish importation while creating rural jobs.

Developing shipbuilding and maintenance hubs would stimulate industrial growth. Expanding coastal tourism would empower local communities.

If properly harnessed, the blue economy can become Nigeria’s largest employer of labor.

A Powerful Tool for Poverty Alleviation

Poverty in Nigeria is most severe in rural and coastal communities. Ironically, these communities sit closest to abundant aquatic resources.

By investing in modern fishing techniques, cold chain logistics, processing facilities, and export frameworks, the government can raise incomes at the grassroots level.

The blue economy directly connects natural resources to livelihoods. It allows small-scale operators to participate in global value chains.

 It empowers women in fish processing and marketing. It supports youth entrepreneurship in aquaculture and marine services.

Few sectors distribute wealth as inclusively as the maritime ecosystem.

Economic Diversification Beyond Oil

For decades, Nigeria’s economic health has fluctuated with global oil prices. The volatility of crude markets has repeatedly exposed the risks of mono-product dependence.

Meanwhile, countries that invested heavily in maritime trade and ocean-based industries have built resilient economies.

The global shipping industry drives over 80 percent of world trade by volume.

 Nigeria, as Africa’s most populous nation, should be a dominant maritime hub; not merely a participant.

Strategic investment in port modernization, maritime security, indigenous shipping lines, and marine renewable energy can generate foreign exchange earnings, attract international investors, and reduce capital flight.

Diversification is no longer optional; it is survival. And the blue economy offers the strongest foundation for that transition.

Strengthening National Security and Regional Influence

Beyond economics, maritime investment strengthens national sovereignty.

Improved naval capacity, port efficiency, and maritime surveillance reduce piracy, illegal fishing, and resource theft in the Gulf of Guinea.

A strong maritime economy enhances Nigeria’s leadership role in West Africa and positions the country as a gateway for regional trade under the African Continental Free Trade Area framework.

Catalyzing Industrial Growth and Infrastructure Development

Heavy investment in the maritime sector triggers multiplier effects across the economy.

 Shipyards require steel, engineering services, and technical expertise. Ports demand road and rail connectivity. Fisheries require cold storage, packaging, and logistics systems.

Every naira invested in maritime infrastructure stimulates broader economic activity.

Unlike sectors that operate in isolation, the blue economy integrates transportation, manufacturing, trade, energy, tourism, and environmental management into one interconnected growth engine.

A Long-Term, Sustainable Growth Model

When managed responsibly, marine and aquatic resources are renewable. Sustainable fisheries, offshore wind energy, eco-tourism, and marine biotechnology offer growth without exhausting natural capital.

With proper regulation and environmental safeguards, Nigeria can build a blue economy that generates prosperity today without compromising future generations.

A Call for Bold Policy Action

The question is not whether Nigeria should invest in the blue economy. The question is whether Nigeria can afford not to.

Prioritizing maritime education, strengthening maritime institutions, expanding coastal infrastructure, supporting indigenous shipping, and financing aquaculture enterprises should form the core of national economic planning.

The blue economy is not just another sector, it is a sleeping giant. And if awakened through deliberate policy and sustained investment, it can alleviate poverty, generate millions of jobs, stabilize foreign exchange earnings, and secure Nigeria’s economic future.

Nigeria’s prosperity lies not only beneath its soil, but upon its waters.

The time to act is now.

Chika Chukwudi,the  Author of Blue Economy: Gateway to a Sustainable Future, is a Staff of  NIMASA and writes from Lagos 
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NSC buckles under pressure, suspends implementation of tariff hike at ports

Funso OLOJO, Editor
The Nigerian Shippers’ Council may have capitulated under intense pressure from the freight forwarders who have apparently make the regulatory agency hastily reverse itself over the tariff hike at the Ports.
It could be recalled that the NSC approved tariff increase in shipping and terminal charges due to what it said was necessitated by the exigency of time.
However, the implementation of the hike has sparked an uproar among the freight forwarders who have rebuffed all entreaties from the NSC but vowed to shut down the operations of service providers.
Last week, the irate freight forwarders have commenced systematic picketing of some of the shipping company, including MSC, promising to resume the targeted shut -down of the operations of other service providers in the coming weeks.
However, in a dramatic  turn of event, the management of the NSC has directed an immediate suspension of the implementation of the tariff hike by the terminal operators, while urging them to revert to old rate until the issues surrounding the controversial hike are resolved.
In a terse statement by the management, the council said the directive is necessary in order to safeguard fair competition, transparency, and sectoral stability, as well as to give room for likely review of the new charges and conclusion of the ongoing consultation with stakeholders.
“The Nigerian Shippers’ Council (NSC), in the exercise of its statutory mandate as the economic regulator of the port and shipping sector, hereby directs all shipping lines and their respective agencies to immediately suspend the implementation of the recently approved tariffs.
“This directive is issued pursuant to ongoing engagements with critical stakeholders and in response to substantive concerns raised regarding the timing, structure, and potential impact of the said tariffs on port users and the wider logistics value chain.
“In order to safeguard fair competition, transparency, and sectoral stability, the Council considers it necessary to halt further implementation pending the conclusion of comprehensive consultations and regulatory review.
“Accordingly, all affected operators are mandated to revert to, and apply strictly, the tariff regime that was in force immediately prior to the said increase.
“Any deviation from this directive shall constitute a breach of regulatory compliance and will attract appropriate sanctions in line with extant laws and regulations.
“The Council will, upon conclusion of stakeholder consultations and internal review processes, communicate a definitive position on the matter.
“The NSC remains resolute in its commitment to effective economic regulation, protection of cargo interests, and the promotion of an efficient and equitable maritime transport system.
“All operators are hereby enjoined to ensure strict and immediate compliance”, the statement concluded.
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NSC condemns picketing of MSC over tariff hike, urges freight forwarders to embrace dialogue

Gloria Odion,  Maritime Reporter
The Executive Secretary/Chief Executive Officer of the Nigerian Shippers’ Council, Akutah Pius, has called on freight forwarders to embrace dialogue as a constructive means of resolving their grievances rather than resorting to industrial actions capable of undermining the nation’s economy.
Akutah appealed while reacting to the picketing of the offices of Mediterranean Shipping Company (MSC) by freight forwarders protesting the recent increase in shipping line tariffs.
Despite the protests, the Council’s attempt to engage the aggrieved freight forwarders in discussions was resisted, as the protesters insisted that there was no basis for dialogue.
They also vowed to continue the protest on Monday until the increased charges are immediately reversed.
The Shippers’ Council boss stressed that dialogue remains the most effective and modern dispute resolution mechanism, noting that it is faster, more humane, and more productive than what he described as a “bottled anger approach.”
He warned that prolonged industrial disputes within the maritime sector could disrupt port operations and negatively impact trade and economic activities.
While acknowledging the right of stakeholders to express their concerns, the Council condemned what it described as the unprofessional conduct of some freight forwarders, particularly the act of blocking regulators from accessing the MSC premises to address the matter.
 Akutah also recalled that during a similar protest over the same tariff increment a few weeks earlier, the Council intervened and compelled MSC to suspend the collection of the disputed charges for two days while discussions were ongoing.
He reiterated the Council’s commitment to mediating between shipping companies and freight forwarders to ensure fair practices and stability within the maritime industry.
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NRC announces increased train services to accommodate Sallah surge in passenger travels 

Funso OLOJO, Editor 
The Nigerian Railway Corporation (NRC) has announced special train service arrangements across its major corridors to facilitate seamless travel during the Eid-el-Fitr (Sallah) celebrations, with increased capacity and additional services deployed to meet the anticipated surge in passenger movement nationwide.
As part of the festive arrangements, the Lagos–Ibadan Train Service (LITS) will operate three trips on Thursday, March 19, 2026.
 From the Lagos end (Mobolaji Johnson Station, Ebute Metta), departures are scheduled for 7:40 a.m., 1:40 p.m., and 4:00 p.m., while from the Ibadan end (Obafemi Awolowo Station, Moniya), departures will be at 8:00 a.m., 10:50 a.m., and 4:30 p.m.
 This one-day special arrangement is designed to accommodate increased passenger traffic during the Sallah celebration, after which the service will revert to its regular schedule.
On the Abuja–Kaduna Train Service (AKTS) corridor, the Corporation will operate two trips on Thursday, March 19, 2026, while three trips will run on Friday, March 20; Saturday, March 21; Sunday, March 22; and Monday, March 23, 2026, to provide additional travel options and ease passenger movement during the festive period.
In addition, the Corporation, under a partnership with the Osun State Government, will operate the Imole Special Train on the narrow gauge corridor from Iddo Station in Lagos to Osogbo, conveying indigenes of Osun State free of charge as part of the State Government’s Sallah initiative.
 The service is fully sponsored by the Osun State Government, with the NRC providing rolling stock, technical support, and operational services.
On the Warri–Itakpe Train Service (WITS) corridor, trains will operate three times weekly.
From Warri to Itakpe, services will run on Sundays, Tuesdays, and Fridays, departing at 8:00 a.m. prompt.
 From Itakpe to Warri, trains will operate on Mondays, Wednesdays, and Saturdays, departing at 12:00 noon.
 Thursdays are reserved for maintenance activities to ensure safe and efficient operations on the corridor.
Similarly, on the Eastern narrow gauge corridor, the Port Harcourt–Aba Train Service will continue to operate its regular schedule throughout the Sallah period.
The management of the Nigerian Railway Corporation reassures passengers of its commitment to safe, reliable, and efficient rail transport services across all corridors.
Passengers are advised to plan their journeys accordingly, arrive early at stations, and comply with all ticketing and security procedures.
The Corporation wishes all Muslim faithful a peaceful and joyous Eid-el-Fitr celebration and encourages the public to continue to patronize rail transport as a safe and dependable means of travel.
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