In a decisive move to advance Nigeria’s marine and blue economy, Minister of Marine and Blue Economy, Adegboyega Oyetola, signed performance bonds with heads of agencies under his ministry on Tuesday, signaling a commitment to the effective implementation of the newly approved National Policy on Marine and Blue Economy.
The signing took place during a sectoral retreat held in Abuja, where Oyetola emphasized the importance of turning policy into concrete action.
“This retreat marks a critical moment to align our objectives and ensure that we deliver measurable and tangible results,” Oyetola said.
Key areas discussed during the retreat included modernizing infrastructure to upgrade port facilities for improved efficiency and trade capacity, enhancing maritime security to safeguard Nigeria’s waterways, promoting sustainable fisheries development through aquaculture initiatives, and reinforcing environmental stewardship to protect marine ecosystems.
Permanent Secretary Olufemi Oloruntola supported the minister’s remarks, calling the retreat a vital platform for reflection and strategic alignment.
“The need for inter-agency collaboration and a focus on measurable performance outcomes is paramount to driving the sector forward,” Oloruntola stated.
The signing of the performance bonds represents a collective pledge by the ministry and its agencies to achieve their targets, ensuring the marine and blue economy contributes significantly to Nigeria’s GDP and job creation efforts.
