– 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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