Marine and Blue Economy: Time for Fubura, Oborevwori, Sanwo-Olu, others to join the train By Asu Beks
Nigeria's establishment of a full fledged Ministry of Marine and Blue Economy in 2023 demonstrated President Bola Ahmed Tinubu's commitment to diversifying Nigeria's economy and capitalizing on the global surge in deep sea exploration. The Blue Economy is a term that refers to the sustainable use of the ocean resources to create jobs, improve lives and promote economic growth. This also includes the preservation of ocean ecosystems and health.
With a coastline stretching over 850 kilometers, one of the largest in the West and Central African sub region, Nigeria 's coastline cuts across Akwa Ibom, Delta, Ondo, Bayelsa, Cross River, Ondo, Ogun and Lagos states. With the prospect of creating over 31 million jobs globally, a projected annual economy of between $3 trillion and $6 trillio...