OYETOLA SAYS THE NEWLY APPROVED MARINE POLICY WILL CREATE SUSTAINABLE PROSPERITY.

Minister of Marine and Blue Economy, Adegboyega Oyetola, has announced that the country is set to maximize its marine and coastal resources following the approval of its first-ever National Marine and Blue Economy Policy. 

Oyetola, in a statement on Wednesday in Lagos by his media adviser, Bolaji Akinola, said the policy, approved by the Federal Executive Council on May 5, aims to harness the full value of Nigeria's oceans, seas, rivers, and inland waterways.

The policy provides a strategic guide for the development of the marine and blue economy sector over the next decade, with a focus on economic diversification, job creation, and environmental sustainability. 

It also includes an embedded monitoring and evaluation framework to ensure measurable results and accountability.

The minister emphasized the importance of private sector investment in realizing the policy's goals and encouraged domestic businesses and international investors to direct investment into activities that grow the marine and blue economy in Nigeria. 

The policy aligns with President Bola Tinubu's Renewed Hope Agenda, emphasizing economic expansion, climate resilience, and social inclusion.

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