Maritime stakeholders have lauded President Bola Tinubu on the approval of a 10-year National Policy on the Marine and Blue Economy.

On Monday, the Special Adviser to the President, Sunday Dare, through his X account, announced that the President has approved a 10-year national policy on the Marine and Blue Economy, which would span between 2025-2034.

Dare stated that the policy is designed with a robust implementation plan.

“President Bola Tinubu, in council today, approved Nigeria’s 10-Year National Policy on Marine and Blue Economy 2025-2034. The policy is designed with a robust implementation plan to harness Nigeria’s vast marine resources to drive economic growth.

“Nigeria has over 853km of coastline. The most novel part of the policy is that its implementation will be financed primarily from the private sector, followed by various other sources. This is in line with President Tinubu’s vision of Greater Private Investments,” the post read in part.

Reacting to the development, experts described the move as a solid foundation for a prosperous Nigeria.

In a chat with The PUNCH, the Head of Research Empowerment Centre, a maritime research outfit, Mr Eugene Nweke, said the policy has the input of critical stakeholders.

“The policy you are looking at has the input of every segment of interest in the maritime sector. Everybody contributed what should represent the interest of a growing economy and what should be the focus, the driving force. We must be seen not just as a maritime nation, but a very active and participatory maritime nation,” Nweke said.

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