Nigeria to Benefit N2.5tn from Blue Economy,  Says Adepoju

Blessing Ibunge in Port Harcourt

The Acting Comptroller General of the Nigeria Immigration Service (NIS), Caroline  Adepoju, has said that Nigeria could make N2.5 trillion from the ocean. 

Adepoju made this assertion at a one-day workshop on Blue Economy, that was organised yesterday in Port Harcourt the Rivers State’s command of NIS.

Speaking on the theme: “The Coastal of State of Rivers and Benefits of the Blues Economy: Stakeholders Perspective,” Adepoju stressed that the ocean holds huge opportunities for developing countries to build more innovative and resilient economies.

She said that although climate change, environmental pollution and criminalities on the waterways are threats to those opportunities and the livelihoods of about three billion people who rely on the ocean for food and income, marine economy has more resources than that of the land.

Adepoju said: “N2.5 trillion can accrue to Nigeria from Blue Economy”, stressing that “the oceans is 72 per cent of the world covered by body of water. The Seabed – 90 per cent of deposit is yet to be explored. 2.2 million species are yet to be discovered by experts.”

She noted that “80 per cent of goods and services comes into the country through shipping transportation.”

The comptroller general said that the topic chosen by the organisers was timely and apt with respect to the renewed hope agenda of President Bola Tinubu and his special consideration and priority for the creation of Ministry of Marine and Blue Economy.

Explaining that the seaport is the coastal gateway into the nation, especially in Rivers State and in the eight coastal states of the country, Adepoju said that “it is very important in the sustainability of the economy of this country in the area of blue economy and its derivatives.

“Ocean economy offers many opportunities and we must strike the right balance between benefitting from the ocean and protecting its resources. Global Blue Deal could drive more investment into emerging sustainable sectors that could benefit developing countries.”

She added that “there is opportunity not only to preserve the Nigeria’s trader strengths but also look afresh at how Nigerian-based actors play their roles in promoting international trade in the maritime industry, oil and gas and allied services.”

Adepoju added that all stakeholders must ensure high standard of business integrity by “ensuring transparency in transactions, proper documentations eschewing corrupt practices, avoiding extortion and other sharp practices that may be contrary to economy growth and development.”

In his remarks, Governor Siminalayi Fubara expressed optimism that the workshop would deliver on its objectives and bring the desired change that would boost the Rivers State’s economy and internally generated revenue.

Represented by the Secretary to the State Government, Tammy Danagogo, Fubara thanked the NIS for the laudable initiative and enjoined others to support the federal government to harness the nation’s abundant natural resources.

The Rivers State’s governor stated that “the blue economy is a welcome development because of its underlying opportunities ranging from its green infrastructure in the area of renewable energy, maritime, tourism, offshore oil and gas, aquaculture, shipping and logistics, marine biotechnology etc.

“We shall give our full support to the blue economy project through sustained policies and regulations. We shall encourage private and public sector participation for the overall benefit of our dear state and beyond.

“Let me assure you that we shall explore possible areas of collaborations with the federal government at the Ports to unlock the huge potential of the blue economy. We shall continue to support the Nigerian Immigration Services, the military, police, other para-military and security agencies in their various operations to fight insecurity and other vices in the State.”

Participants at the event included representatives from the Nigerian Navy, Nigerian Port Authority, Shippers Council, NIMASA, state government officials and other stakeholders.