• About
  • Advertise
  • Contact
Tuesday, December 23, 2025
  • Login
Vital News
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
Vital News
No Result
View All Result
Home Economy

Oyetola Resumes, Vows To Develop Marine Sector

…says blue economy worth over $1.5trillion annually

Vital News by Vital News
August 21, 2023
in Economy, National
0
Oyetola Resumes, Vows To Develop Marine Sector
Share on FacebookShare on Twitter

 

Abuja – The newly inaugurated Minister of Marine and Blue Economy, Adegboyega Oyetola on Monday resumed duty as a minister in Abuja on Monday.

The minister arrived at the ministry’s conference room in company with his wife, Kafayat Oyetola, his son; Femi Oyetola, and other members of his cabinet from Osun State where he was the immediate past governor.

Oyetola was received by the Permanent Secretary of the ministry, Dr Magdalene Ajani, Managing Director of NIWA, Dr George Moghalu, the Executive Secretary of Nigerian Shippers Council, Emmanuel Jime, and some Directors of the ministry.

He urged the ministry staff to work with him to find innovative solutions to the challenges in the sector and ensure that the oceans and marine are safe, reliable, and sustainable.

RelatedStories

AbdulRazaq Unveils Kwara’s N644bln 2026 Budget

Our New Drug Test Policy For Schools Will Cut Down Substance Abuse Among Youth – Marwa

President Tinubu Presents ₦58.18trillion 2026 Budget Proposal To National Assembly, Promises Stronger Discipline In Implementation

‎IMPI Hinges 14% Year-End Inflation Forecast On Deep Analysis Of Tinubu Reforms

The new Minister said the blue economy is estimated globally to be worth more than $1.5 trillion annually, adding that considering the size of the country’s blue economy, Nigeria should be a significant player in the sector to contribute to the country’s revenue and also provide jobs for the unemployed.

He, however, promised to come up with practicable ways of ensuring that the inland rivers, lakes, and waterways are utilised for cargo shipment and passenger transportation.

He said ; “Our oceans cover more than two-thirds of our planet’s surface, holding the key to sustainable economic growth, environmental preservation, and technological innovation.

“As we look ahead, my vision is rooted in the responsible management and utilisation of our marine resources to benefit not only our economy but also the health of our planet.

“Experts say the Blue Economy is estimated to be worth more than $1.5 trillion per year globally.

“Therefore, given our size as a country and considering the size of our blue economy, we should be a significant player in this sector, to contribute immensely to the revenue generation of our country and also provide jobs for the unemployed.

“We must come up with practicable ways of ensuring that our inland rivers, lakes, and waterways are well utilised, both in terms of cargo shipment and passenger transportation.

“This can be done by embarking on a holistic dredging campaign for most of our strategically important inland waterways to make them navigable for the passage of goods and people.”

Oyetold, also said he would promote better inter-agency co-operation and co-ordination between the Nigerian Maritime Administration and Safety Agency, the Nigerian Ports Authority, and the Nigerian Inland Waterways Authority.

“As someone with a strong private sector background, we shall promote greater private sector inclusion while fostering greater efficiency through specialisation and the effective delineation of core duties between the units.

“We must seize this opportunity to create positive change, leaving a lasting legacy for generations to come.

“These are my thoughts as I join you today. I believe that when we are able to do all these and more, we would have contributed our quota towards realising Mr President’s renewed Hope Agenda in the Marine and Blue Economy sector,” he added. (Punch / vitalnewsngr.com)

 

Tags: BlueEconomyoyetolawater
Previous Post

I Will Disseminate Truth To Engender People’s Trust – Information Minister

Next Post

Tinubu Tasks New Ministers On Meeting Nigerians’ Expectations

Vital News

Vital News

RelatedStories

AbdulRazaq Unveils Kwara’s N644bln 2026 Budget
Economy

AbdulRazaq Unveils Kwara’s N644bln 2026 Budget

December 22, 2025
Our New Drug Test Policy For Schools Will Cut Down Substance Abuse Among Youth – Marwa
Crime

Our New Drug Test Policy For Schools Will Cut Down Substance Abuse Among Youth – Marwa

December 20, 2025
65th Independence Anniversary : President Tinubu To Address Nigerians
Economy

President Tinubu Presents ₦58.18trillion 2026 Budget Proposal To National Assembly, Promises Stronger Discipline In Implementation

December 19, 2025
‎IMPI Welcomes First Interest Rate Cut In Five Years, Says CBN Decision Aligns With Its Projection
Economy

‎IMPI Hinges 14% Year-End Inflation Forecast On Deep Analysis Of Tinubu Reforms

December 18, 2025
65th Independence Anniversary : President Tinubu To Address Nigerians
Economy

Tinubunomics Winning, Reason PZ Stopped Its Planned Exit From Nigeria – TMSG

December 17, 2025
Next Post
Tinubu Tasks New Ministers On Meeting Nigerians’ Expectations

Tinubu Tasks New Ministers On Meeting Nigerians’ Expectations

Lagdo Dam Water Release, Taraba Issues Flood Alert To 6 LGAs

Lagdo Dam Water Release, Taraba Issues Flood Alert To 6 LGAs

Centenary : Girl Guides To Train 300 Women In Vocational Skills

Centenary : Girl Guides To Train 300 Women In Vocational Skills

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow Us

Recommended

SWEAT, BLOOD, AND TEARS , A reading of Lola Akande’s novel, ‘What It Takes’

SWEAT, BLOOD, AND TEARS, A Reading Of Lola Akande’s Novel, ‘What It Takes’

3 years ago
NDVC Applauds Record $553mln Diaspora Remittances In July, Reiterates Diaspora Voting Rights

NDVC Applauds Record $553mln Diaspora Remittances In July, Reiterates Diaspora Voting Rights

1 year ago

CBN Increases Interest Rate To 18.5pct, Highest In 22yrs

3 years ago

NDLEA Arrests 121 Suspects, Seals 13 Properties In Kaduna

3 years ago

Instagram

    Please install/update and activate JNews Instagram plugin.

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • Maritime/ Marine Transport
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Tourism
  • Transport
  • Uncategorized

Topics

Abiodun Abuja APC arrest Atiku Bandits Bello Benue Buhari CBN cement Court Dangote death dies drugs Economy EFCC Election FG gunmen Hajj INEC Kano kidnap Kill Kogi Kwara Lagos NDLEA Niger Nigeria Ododo Ogun Oyo PDP Police Power refinery road Security students Tinubu troops US
No Result
View All Result

Highlights

Tinubu Building A More Modern, Combat-ready Military – IMPI

AbdulRazaq Unveils Kwara’s N644bln 2026 Budget

NDLEA Arrests Lagos Female Drug Kingpin, Recovers N5bln Worth Of Cocaine In Her Children’s Room

Troops Arrest Fidelis Gayama, Benue’s Notorious Bandit Leader

Dangote Refinery Begins Nationwide Sale Of Petrol At N739 per litre

Our New Drug Test Policy For Schools Will Cut Down Substance Abuse Among Youth – Marwa

Trending

Former Minister, Tanimu Turaki, Emerges Northern PDP Consensus Candidate As National Chairman
Politics

PDP Crisis Deepens As INEC Rejects Turaki-led NWC Due To Lingering Court Cases

by Vital News
December 23, 2025
0

The Independent National Electoral Commission (INEC) says it will neither recognise nor post online the list of...

FGN/IFAD – VCDP Begins Inputs Distribution To 260 Dry Season Rice Farmers In Taraba

FGN/IFAD – VCDP Begins Inputs Distribution To 260 Dry Season Rice Farmers In Taraba

December 23, 2025
Dangote Refinery Slashes Ex-depot Price Of Petrol From N880 To N840 per litre

Dangote Refinery Releases Hotline For Reporting MRS Fuel Stations Selling PMS Above ₦739

December 23, 2025
65th Independence Anniversary : President Tinubu To Address Nigerians

Tinubu Building A More Modern, Combat-ready Military – IMPI

December 23, 2025
AbdulRazaq Unveils Kwara’s N644bln 2026 Budget

AbdulRazaq Unveils Kwara’s N644bln 2026 Budget

December 22, 2025
ADVERTISEMENT
Vital News

Vital News is an online newspaper with a mission to uphold professional journalism by reporting and publishing only facts and figures-based news reports across Nigeria and beyond.

Recent News

  • PDP Crisis Deepens As INEC Rejects Turaki-led NWC Due To Lingering Court Cases December 23, 2025
  • FGN/IFAD – VCDP Begins Inputs Distribution To 260 Dry Season Rice Farmers In Taraba December 23, 2025
  • Dangote Refinery Releases Hotline For Reporting MRS Fuel Stations Selling PMS Above ₦739 December 23, 2025

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • Maritime/ Marine Transport
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Tourism
  • Transport
  • Uncategorized

© 2022 Vital News - . All Rights Reserved.

No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security

© 2022 Vital News - Vital News by Vital News.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In