Maritime lawyer and Senior Advocate of Nigeria,SAN,Olisa Agbakoba, has said that the creation of Marine Ministry and Blue Economy by President Bola Tinubus is a commendable step towards boosting the nations revenue drive.
Besides,he said the initiative is a long awaited step which will boost and encourage the growth of the sector.
According to Agbakoba, the Maritime ministry has the capacity to generate over N7 trillion per annum, been a distinctly ignored sector of Nigeria’s economy.
A biblical perspective on marine and blue economy
“This has been a major omission. Nigeria is a maritime nation and must advance policy issues to tap into the absolutely massive economic opportunities. This is a sector that will, with the proper direction of the government easily contribute at least N7 trillion to the public revenue,” he said.
Agbakoba
While expressing delight that after 30 years of advocacy on major maritime policy, a Minister for marine and blue economy has finally been named, he listed key aspects of maritime policy focus to include the enforcement of Cabotage legislation, ports development, ocean governance and the blue economy.
Agbakoba said in addition to many aspects of this incredibly wealthy sector, said Nigerians are looking forward to robust policies by the government in the new administration.
Recall that President Bola Tinubu recently announced the appointment of Bunmi Tunji-Ojo, a former member of the House of Representatives, as the minister in charge of the newly created Ministry of Marine and Blue Economy.
