The Minister of Marine and Blue Economy, Adegboyega Oyetola, has vowed to drastically cut Nigeria’s dependence on fish imports by boosting local production through aquaculture development, improving artisanal fishing methods, and expanding fish farming clusters.
He also unveiled initiatives to equip youth and women with the skills and resources to take leading roles in the marine economy. “We cannot continue to import what we have the capacity to produce locally,” Oyetola said in a statement on Thursday.
“We are aggressively boosting local fish production by supporting aquaculture development, improving artisanal fishing methods, and expanding fish farming clusters across the country. This will not only save our foreign exchange but will create thousands of jobs for our people, especially in coastal and riverine communities.”
Oyetola also pledged to expand youth and women’s participation in the sector, stressing that inclusive growth is vital for success.
“We are designing initiatives that will give our young people and women the tools, skills, and access they need to play leading roles in the marine economy. This is not just about economic growth; it’s about social empowerment and equitable development.”
The minister noted that Nigeria is “on the right path to unlocking the immense economic opportunities of its oceans, seas, rivers, and coastal resources,” following the recent approval of the National Policy on Marine and Blue Economy by the Federal Executive Council.
“This policy is historic,” Oyetola stated. “It is the first of its kind, and it provides a comprehensive framework for sustainable exploitation, conservation, and governance of our marine and coastal assets. It will drive wealth creation, generate jobs, enhance food security, and position Nigeria as a leader in Africa’s emerging blue economy space.”
Gladys Fajomu, who led the World Bank team, commended Oyetola for his leadership and Nigeria’s bold steps in the marine and blue economy. “We will continue to support Nigeria through technical assistance, capacity building, and financing options for strategic projects,” she assured.
The World Bank team, which included Yolanda Monteo and Felicia Mogo, also met with senior ministry officials to explore areas of collaboration in policy implementation, infrastructure development, and private sector engagement.
Oyetola’s initiatives aim to unlock Nigeria’s ocean potential, create jobs, and promote inclusive growth. With the support of the World Bank, Nigeria is poised to become a leader in Africa’s emerging blue economy space.
