Honourable Minister of Marine and Blue Economy – Shipping World News Magazine

Oct32025 by Asu BeksNo Comments

GULF OF GUINEA SECURITY: IMO GIVES NIGERIA THUMBS UP

News Feature

The Secretary-General of the International Maritime Organization (IMO), Mr. Arsenio Domínguez, has lauded Nigeria’s remarkable achievements in maritime security, particularly its success in recording zero piracy incidents for over three years and the groundbreaking Deep Blue Project, which he described as a model for regional cooperation in the Gulf of Guinea. Mr. Domínguez, who arrived in Nigeria on Thursday, made the remarks during a courtesy visit to the Honourable Minister of Marine and Blue Economy, His Excellency Adegboyega Oyetola, CON. He noted that Nigeria’s investment in maritime safety infrastructure and the collaboration of its security agencies, especially the Nigerian Navy, have yielded tangible results in combating piracy and maritime crimes. According to him, these effor...

In Historic Move, Oyetola Orders NIMASA to Commence Process of CVFF Disbursement

Maritime, News Feature

In a landmark move poised to reshape Nigeria’s maritime landscape, the Honourable Minister of Marine and Blue Economy, His Excellency Adegboyega Isiaka Oyetola (CON), has directed the Nigerian Maritime Administration and Safety Agency (NIMASA) to commence the process that will lead to the long-awaited disbursement of the Cabotage Vessel Financing Fund (CVFF). This directive marks a significant shift from over two decades of administrative stagnation and ushers in a new era of strategic repositioning of Nigeria’s indigenous shipping. The CVFF, established under the Coastal and Inland Shipping (Cabotage) Act of 2003, was designed to empower Nigerian shipping companies through access to structured financing for vessel acquisition. However, successive administrations failed to operationaliz...

One Year In Office: An Open Letter To His Excellency, Adegboyega Oyetola*

News Feature

Your Excellency, Adegboyega Oyetola CON, Honourable Minister of Marine and Blue Economy, I trust that this letter meets you well. First, let me use this opportunity to thank President Bola Ahmed Tinubu. The creation of this Ministry was a dream come true for maritime stakeholders who over the years had yearned for specialized Ministry for the maritime sector. Your Excellency, sir, please convey our best wishes and warm appreciation to His Excellency, the President. Tell him we will not take this gesture for granted. As pioneer Minister of this Ministry, the burden on you to deliver Mr. President's vision in the Marine and Blue Economy is better imagined. This has been made worse, Mr Minister,due to the fact that you have little or no background in this sector prior to your appointment. An...