By Seun Ibiyemi
Nigeria is set to deepen reforms in its maritime sector as stakeholders gather for a high-level summit aimed at unlocking the vast potential of the blue economy.
The summit follows the 2025 approval by the Federal Executive Council (FEC) of a comprehensive policy framework designed to transform Nigeria into a leading hub for maritime trade in Africa and a global reference point for sustainable marine and blue economy development.
The policy, which spans a 10-year period from 2025 to 2034, seeks to reposition the sector, which currently contributes less than three per cent to the nation’s Gross Domestic Product (GDP).
Central to discussions at the summit is how Nigeria can tap into the projected $3 trillion global revenue expected from the blue economy by 2030.
Stakeholders are expected to explore strategies to boost investments, enhance infrastructure, and drive innovation across key segments of the maritime industry.
Experts and investors from diverse fields including maritime transport, fisheries, agriculture, shipbuilding, offshore energy, tourism, and marine biotechnology have been invited to participate in the deliberations.
Financial institutions such as the Nigerian Export-Import Bank, African Development Bank, Bank of Industry, and Bank of Agriculture are also expected to attend, with a focus on facilitating financing and investment opportunities within the sector.
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The event will hold at the Bola Ahmed Tinubu International Conference Centre, where policymakers, industry leaders, and development partners will converge to chart a new course for Nigeria’s maritime future.
The summit represents a critical step toward harnessing the economic potential of Nigeria’s vast marine resources and positioning the country as a competitive player in the global maritime ecosystem.
