President Bola Tinubu and the Federal Economic Council (FEC) have approved Nigeria’s 10-Year National Policy on Marine and Blue Economy, set to run from 2025 to 2034.
According to Sunday Dare, Special Adviser on Media and Public Communication to the President, the policy includes a comprehensive implementation plan aimed at leveraging Nigeria’s extensive marine resources to foster economic growth.
With over 853 kilometers of coastline, Nigeria stands to benefit significantly from this initiative. The policy’s execution will primarily rely on private sector funding, supplemented by additional unspecified sources.
The initiative aligns with President Tinubu’s commitment to fostering increased private sector investment.