Tinubu invites Africa to tap into Nigeria’s Blue Economy

President Bola Tinubu has invited the global community, especially African countries, to take advantage of the investment opportunities that abound in Nigeria’s blue economy.

In his speech entitled: “It’s Time to Secure Our Maritime Future,” which was read by VP Shettima, the President told the conferees: “This conference must inspire all stakeholders to see the big picture—that we cannot afford to fail in our responsibilities to the continent and, indeed, the entire world.

“The blue economy is estimated to be worth more than $1.5 trillion per year globally and is projected to increase to $15.5 trillion by 2050. The “Africa Blue Economy Strategy” estimates that the blue economy currently generates nearly $300 billion for the continent, creating 49 million jobs in the process. The Africa Blue Economy is projected to hit $405 billion by 2030,” he further projected

Earlier in his welcome address, the Chief of Naval Staff, Vice Admiral Ogalla, said the outcome of the 2024 International Maritime Conference organised to commemorate the 68 anniversary of the Nigerian Navy will go a long way in enhancing its capabilities and strengthening existing collaborations in safeguarding the nation’s maritime environment.

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