FG To Upscale Blue Economy To Contribute To GDP Growth [Video]

Nigeria is embarking on an ambitious plan to upscale its blue economy through initiatives that will contribute to the nation’s Gross Domestic Product, GDP.

These are the words of the Minister of Marine and Blue Economy, Gboyega Oyetola, at a final validation workshop for the draft national blue economy strategy for Nigeria.

Nigeria is blessed with a vast coastline and diverse marine resources with significant potential in a number of sectors.

These sectors include fisheries, aquaculture, tourism, marine transport, marine security and renewable energy.

But the country is yet to tap into the many economic benefits in all of these sectors.

Six months after the first national consultative workshop for formulating Nigeria’s Blue economy strategy, the team is back for final validation of the draft.

The African Union Inter-African Bureau for Animal Resources and the Kingdom of Norway are spearheading this initiative to see to the development of Nigeria’s blue …