As Nigeria continues to harness the potential of its maritime sector, experts have advocated for sustainable practices to ensure the long-term health and productivity of its blue economy. According to various experts who spoke at the sixth edition of the Taiwo Afolabi Annual Maritime Conference held at the University of Lagos, Nigeria needs to take seriously the issue of policies and stringent regulations that support environmental protection, economic efficiency and social responsibility.
He said: “There are diverse opportunities in the industry beyond the traditional shipping and port operations. The newly-created Ministry of Marine and Blue Economy has to expand its scope to provide policies and regulations that will guide investors’ foray into areas like coastal tourism and renewable energies. This, however, must be done in a sustainable manner that will protect the ocean ecosystem and provide benefits for the coming generations.
“Sustainable shipping is the backbone of a resilient and thriving global economy. We all know that shipping carries the bulk of world trade and it encompasses practices that ensure long-term health of our oceans while meeting the economic and logistical demands of global trade.“The significance of the Nigerian Ministry of Marine and Blue Economy is not only timely but also crucial as we navigate the evolving dynamics of the global, regional, and sub-regional maritime industry.
On his part, the former Director-General of the Nigerian Maritime Administration and Safety Agency , Temisan Omatseye, emphasised the digitisation of the industry as well as the development of a national maritime strategy.
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