President Bola Tinubu has greenlit Nigeria’s 10-Year National Policy on Marine and Blue Economy, spanning 2025-2034, marking a significant step toward harnessing the nation’s vast marine resources. Approved on May 5, 2025, during the Federal Executive Council (FEC) meeting, the policy comes with a robust implementation plan aimed at boosting economic growth and sustainability.
Economic Potential: The policy targets Nigeria’s 853-kilometer coastline and exclusive economic zone, aiming to unlock opportunities in fishing, shipping, tourism, and renewable energy, potentially creating millions of jobs.
Tinubu’s Vision
The initiative seeks to address challenges like illegal fishing and pollution while promoting blue economy sectors such as aquaculture and maritime transport. With an estimated $1.5 trillion economic value tied to its marine resources, Nigeria aims to rival global leaders like Norway and Indonesia. The implementation plan includes public-private partnerships, infrastructure development, and capacity building, with a focus on youth and coastal community empowerment.
Minister of Marine and Blue Economy Adegboyega Oyetola hailed the policy as a game-changer, aligning with Tinubu’s vision to diversify the economy. As the policy rolls out, Nigeria anticipates a transformative decade for its maritime sector, positioning the nation as a blue economy powerhouse by 2034.
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