Federal Ministry of Marine and Blue Economy – Shipping World News Magazine

May132025 by Asu BeksNo Comments

NSC Saves N31 Billion as Ministry Pushes for Sectoral Transformation

Nigerian Shippers' Council (NSC) has highlighted its impressive performance and called for critical policy and funding reforms at the ongoing 2025 Sectoral Retreat of the Federal Ministry of Marine and Blue Economy. The NSC's Executive Secretary/CEO, Dr. Pius Akutah, MON, disclosed that the Council saved the Federal Government over N31 billion between January and June 2024 through automation of demurrage, freight rate, and charter party verification. Dr. Akutah also showcased the Council's achievements, including the commissioning of the Funtua Inland Dry Port, top-ranking performance in the 2024 ICPC Ethics and Integrity Scorecard, the launch of online registration portals for port users and service providers and the development of the Trade and Transport Data Bank now nearing compl...

Marine and Blue Economy: Time for Fubura, Oborevwori, Sanwo-Olu, others to join the train By Asu Beks

Maritime, News Feature

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...

Former NIMASA DG, Jamoh commends Gov. Diri for establishing Blue Economy Ministry

Maritime, News Feature

The former Director-General of Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Bashir Jamoh, has commended the Governor of Bayelsa State, Senator Douye Diri, for the establishment of a State Ministry of Blue Economy to tap into the prospects in the ocean. In a letter addressed to the Governor, Dr. Jamoh, said the decision to create the Ministry of Blue economy was a step in the right direction, considering the enormous maritime resources open to the State and the strategic position of the Bayelsa in relation to the Atlantic. “In that light, I cannot agree any less with your Excellency, that; “the wealth of Bayelsa State lies in the Atlantic Ocean”, and the sooner the vigorous exploration of same commences through the new Ministry, the better for the citizens of the S...