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Nigeria launches blue economy plan to boost growth, jobs, and security via aquaculture, ports, tourism, and energy.
President Tinubu has launched a new blueprint to develop Nigeria’s blue economy, focusing on aquaculture, port modernization, coastal tourism, and ocean energy, backed by a newly established Ministry of Marine and Blue Economy.
The initiative, informed by a NIPSS study, aims to boost revenue, create jobs, and enhance security amid ongoing challenges like oil theft and illegal fishing.
Despite progress in some areas, experts warn that weak implementation, outdated infrastructure, and poor governance threaten to cost Nigeria $44 billion annually in lost maritime potential.
Urgent reforms and stronger public-private partnerships are needed to unlock the nation’s 853-kilometer coastline and inland waterways for sustainable growth.
Nigeria lanza plan de economía azul para impulsar el crecimiento, el empleo y la seguridad a través de la acuicultura, los puertos, el turismo y la energía.