‘Blue Economy targets $1 trillion economy in four years’

, has begun to develop a policy framework that would raise the economy from less than half a billion dollar base to a trillion dollar in the next four years.

In his keynote lecture delivered on his behalf by the Zonal Coordinator, NSC, South-south Zone, Jeremiah Okoliko said that the Ministry is currently developing a holistic new policy document for Blue Economy with issues of Port efficiency as its major focus.

He further explained that the issue of freight differentials by cargo vessels and airlines coming to Lagos route, ports and Eastern route, Ports, identified lack of jobs and insecurity on Eastern waterways are the major cause, but assure that the Ministry of Blue Economy is not resting on its oars to addressing the menace to guarantee rounded efficiency in port business in the country.

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