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Home » World Bank To Collaborate With Nigeria On Maritime Sector Development

World Bank To Collaborate With Nigeria On Maritime Sector Development

By Oluyinka Onigbinde 

by Joshua
October 3, 2024
in Featured, News

The World Bank has shown interest in collaborating with Nigeria’s Ministry of Marine and Blue Economy to foster the growth of the maritime sector in alignment with the ministry’s long-term goals.

During a courtesy visit to the Minister of Marine and Blue Economy, Adegboyega Oyetola, Ms. Lia Sieghart, leader of the World Bank delegation, highlighted their aim to discuss Nigeria’s vision for developing a sustainable blue economy, with a focus on fisheries and marine resources. She emphasized the bank’s willingness to provide technical expertise and support in key areas.

She commended President Bola Ahmed Tinubu for establishing the ministry, saying it was a strong signal that the Nigerian government was desirous of developing the sector.

Responding, the minister appreciated the team for the visit and informed them of the steps taken to map the country’s marine and blue economy resources, just as he informed the team that developing the fishery and aquaculture remains topmost priority of the ministry.

“Fishery is the flagship of the ministry. We are doing everything to regulate the activities in that sector. We are designating terminals for fishing activities. We want to do a sustainable fishery programme on a sustainable basis and make it attractive to the youths. We intend to reduce importation and encourage production here, in Nigeria. Therefore, we are willing and ready to have you support our efforts, so as to realise our vision for the ministry,” Oyetola added.

The minister was joined in the meeting by the Permanent Secretary, Ministry of Marine and Blue Economy, Oloruntola Olufemi; Director, Maritime Safety and Security, Babatunde Bombata; and Prof. Busayo Fakinlede, Technical aide to the minister, among others.


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