The Federal Government has called on international investors to tap into Nigeria's marine and blue economy, describing the sector as a gateway to Africa's economic transformation and a driver of SME growth.
Speaking at the Africa Maritime and Shipping Assembly during London International Shipping Week 2025, the Minister of Marine and Blue Economy, Adegboyega Oyetola—represented by NIMASA Director General, Dayo Mobereola—said reforms in port modernization, maritime security, and sustainable shipping practices are creating opportunities for small businesses across logistics, trade, and services.
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The Minister cited the success of the Deep Blue Project, which has boosted maritime security and eliminated piracy in Nigerian waters, paving the way for SMEs to participate more confidently in coastal trade, shipping services, and marine-related ventures.
He urged stakeholders to look beyond short-term gains and focus on long-term investments, stressing that harmonized regulations across Africa's maritime sector would unlock seamless trade under AfCFTA while creating new markets for Nigerian SMEs.
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