EXPERTS URGE NIGERIAN STATES TO FULLY EMBRACE BLUE ECONOMY POLICY FOR SUSTAINABLE GROWTH

Maritime and economic experts have called on state governments across Nigeria to proactively adopt and implement the national Blue Economy policy to unlock vast opportunities in ocean and coastal resources.

Speaking at a recent stakeholders’ forum, specialists emphasised that the Blue Economy  encompassing fisheries, shipping, tourism, offshore energy, and aquaculture  holds immense potential to diversify revenue, create jobs, and drive inclusive development beyond oil dependence. They noted that many coastal and riverine states are yet to fully harness these resources due to policy gaps and limited investment.

Participants stressed the need for states to develop tailored frameworks, invest in infrastructure, and foster public-private partnerships. Key recommendations include strengthening marine protection, promoting sustainable fishing practices, and building capacity for blue skills and innovation.

The experts warned that failure to embrace the policy could result in missed economic opportunities and increased vulnerability to climate change impacts on coastal communities. They highlighted successful models from other nations where integrated blue economy strategies have significantly boosted GDP and employment.

Stakeholders urged accelerated collaboration between the federal government, states, and the private sector to realise the full benefits of Nigeria’s blue resources for national prosperity.