Minister of Marine and Blue Economy, Adegboyega Oyetola, has reaffirmed the Federal Government’s commitment to diversifying Nigeria’s economy by tapping into the country’s vast marine resources. Speaking at a sensitization workshop on deep-seabed activities in Abuja yesterday, Oyetola emphasized that Nigeria’s extensive coastline and inland waterways position it as a key player in the emerging deep-sea exploration sector, which is expected to significantly boost the economy.
Represented by the ministry’s Permanent Secretary, Oloruntola Olufemi, Oyetola highlighted the critical role marine resources will play in Nigeria’s economic transition. He noted that as the world shifts from a fossil fuel-based economy to a mineral-based one, Nigeria has the opportunity to harness its marine resources, particularly wave and tidal energy, to generate clean, renewable energy for its citizens. This transition is not only crucial for economic diversification but also for sustainable development in the face of global climate challenges.
Oyetola’s remarks come at a time when Nigeria is looking to reduce its heavy dependence on oil and explore alternative avenues for growth. With over 850 kilometers of coastline and vast inland waterways, the country has significant untapped potential in sectors such as fisheries, aquaculture, and marine tourism. The minister stressed that investing in deep-sea exploration, as well as renewable marine energy, will not only stimulate the economy but also create jobs and provide energy security.
The workshop underscored the government’s vision of positioning Nigeria as a leader in the blue economy, which includes activities related to oceans, seas, and coastal areas. As the nation gears up for this new phase of development, Oyetola called on stakeholders to collaborate in developing policies and frameworks that will ensure the sustainable use of marine resources while protecting the environment.
With this renewed focus, the Federal Government aims to make Nigeria’s marine sector a cornerstone of its broader economic diversification strategy, securing a future where the country’s growth is powered by its rich natural resources both on land and at sea.
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