Nigeria’s Minister of Marine and Blue Economy, Adegboyega Oyetola, says the country is repositioning its maritime sector to replace crude oil as the nation’s leading revenue source.
Oyetola made the remarks on Friday at the Institute of Maritime Studies, University of Lagos, during the visit of International Maritime Organisation Secretary-General, Arsenio Domínguez.
He described the marine and blue economy as a “goldmine” with the potential to drive sustainable growth, create millions of jobs, and establish Nigeria as a global maritime hub.
“Nigeria’s future lies beyond oil,” the minister said in a statement issued by his media aide, Bolaji Akinola. “We are determined to harness the full potential of the marine and blue economy to become the primary driver of our economy.”
Oyetola stressed that the government’s strategy includes investments in infrastructure, manpower development, and international partnerships. He urged Nigerian youths to take advantage of career and business opportunities in shipping, logistics, fisheries, shipbuilding, marine research, and offshore energy.
“There are abundant opportunities for our young people. The future of this sector, and indeed Nigeria’s economy, rests on your shoulders,” he said.
The minister, an alumnus of UNILAG, praised the collaboration between the university and the Nigerian Maritime Administration and Safety Agency, particularly the development of modern facilities for maritime studies.
He noted that the Federal Government’s blue economy agenda is anchored on sustainability, innovation, and inclusivity, with youth engagement and capacity building central to achieving its long-term goals.
