The Minister of Marine and Blue Economy, Adegboyega Oyetola, has inaugurated the Governing Board of the Nigerian Shippers’ Council. The ceremony was held at the Minister’s Conference Room at the Ministry in Abuja. In his address at the event, Oyetola described the inauguration as a significant milestone in strengthening institutional governance and accountability within Nigeria’s…
The Federal Government of Nigeria has secured a $1 billion innovation fund to support start-ups operating in the marine and blue economy sector, as the country intensifies efforts to diversify its economy away from oil. The Chief Executive Officer, Maritime Innovations Hub, Mrs Ronke Kosoko, disclosed during a press conference organised in collaboration with the…
The Minister of Marine and Blue Economy, Adegboyega Oyetola, has been elected Chairman of the Conference of Ministers of the Fisheries Committee for the West Central Gulf of Guinea (FCWC). Upon his election, Oyetola pledged to deepen regional collaboration to combat illegal, unreported, and unregulated (IUU) fishing across West Africa’s maritime corridor, describing the practice…
Nigeria is seeking an end to the $1.5billion war risk insurance premiums on Nigerian-bound vessels. Its Minister of Marine and Blue Economy, Adegboyega Oyetola, warned that the outdated surcharge has drained an estimated $1.5 billion from the economy in recent years despite zero piracy incidents in the country’s waters since 2021. “Nigeria has earned the…
Nigeria’s Minister of Marine and Blue Economy, Adegboyega Oyetola, President Bola Tinubu plans to replicate the success story of the Lekki Deep Seaport across Nigeria’s maritime sector, describing it as a model for economic growth and development. Speaking at the Nigerian Chamber of Shipping Breakfast Meeting in Lagos, Oyetola declared that the administration ofTinubu is…
United Republic of Tanzania has thrown its weight behind Nigeria’s bid for election into Category C of the International Maritime Organization (IMO) Council, citing strong bilateral relations and Nigeria’s past support as key factors. This declaration was made during a courtesy visit by the Tanzanian High Commissioner to Nigeria, His Excellency Selestine Gervas Kakele, to…
The Nigerian Maritime Administration and Safety Agency (NIMASA) has reaffirmed its commitment to fostering a level playing field and creating an enabling environment to strengthen businesses in the maritime sector. The Director-General of NIMASA, Dr Dayo Mobereola, gave the commitment while receiving the Executive Members of the Nigerian Merchant Navy Officers and Water Transport Senior…
