Nigeria, World Bank Partner to Unlock Maritime Sector Potential

World Bank, Tinubu

World Bank has resolved to partner with the Federal Ministry of Marine and Blue Economy to develop the maritime sector.

Ms. Lia Sieghart, who led a team of the bank on a courtesy visit to the Minister, Adegboyega Oyetola noted that they were in the ministry to discuss the government’s vision for the development of a sustainable and integrated blue economy and sustainable fisheries and to also identify areas where the World Bank could provide expertise and knowledge.

She commended President Bola Ahmed Tinubu for establishing the ministry, saying it was a strong signal that the 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 the topmost priority of the ministry.

Oyetola said: “Fishery is the flagship of 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.”

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