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๐Ÿ‡ณ๐Ÿ‡ฌ Nigeria /Economy & Trade

Stronger Maritime Governance Crucial for AfCFTA and Blue Economy Growth, Says Nigerian Minister

From ThisDay · () English

Translated from English, summarized and contextualized by DistantNews.

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  • Nigeria's Minister of Marine and Blue Economy, Adegboyega Oyetola, emphasized the critical role of effective maritime governance in Africa's economic growth under the AfCFTA.
  • He urged West and Central African maritime administrations to strengthen Port State Control systems to enhance safety, facilitate trade, and unlock the Blue Economy's potential.
  • The minister highlighted that robust maritime governance aligns with President Bola Ahmed Tinubu's agenda to diversify the economy and boost sustainable development.

Adegboyega Oyetola, Nigeria's Minister of Marine and Blue Economy, has declared that strong maritime governance is essential for Africa's economic transformation, particularly within the framework of the African Continental Free Trade Area (AfCFTA).

Speaking at the opening of the Abuja Memorandum of Understanding (Abuja MoU) Regional Workshop in Lagos, Oyetola called upon maritime administrations in West and Central Africa to bolster their Port State Control (PSC) systems. He identified this as a crucial strategy for improving maritime safety, streamlining trade, and fully realizing the potential of Africa's Blue Economy.

The three-day workshop, supported by the Lloydโ€™s Register Foundation, also marked the official launch of the Abuja MoU Port State Control Capacity-Building Programme. It convened maritime regulators, technical experts, and development partners from across the Abuja MoU region.

As maritime administrations, we bear a collective responsibility to ensure that our ports, shipping operations and regulatory systems support the free flow of commerce, strengthen regional connectivity and contribute meaningfully to Africaโ€™s economic integration and global competitiveness.

โ€” Adegboyega OyetolaMinister of Marine and Blue Economy, emphasizing the shared duty of maritime authorities in fostering African economic integration.

Oyetola stated that the workshop's objectives align with President Bola Ahmed Tinubu's "Renewed Hope Agenda," which identifies the Marine and Blue Economy as a key driver for economic diversification, job creation, and sustainable development. He emphasized that Nigeria's ambition to be Africa's leading maritime hub relies on world-class governance, effective PSC, safe shipping practices, and adherence to international standards.

He further elaborated that strengthening regional PSC would not only enhance maritime safety but also support broader African economic goals by fostering an efficient, secure, and compliant maritime transport system. This, he argued, is vital for facilitating seamless intra-African trade. Oyetola stressed the collective responsibility of maritime administrations to ensure their systems support the free flow of commerce, regional connectivity, and Africa's economic integration and global competitiveness.

The success of the African Continental Free Trade Area depends significantly on efficient, secure and internationally compliant maritime transport systems.

โ€” Adegboyega OyetolaMinister of Marine and Blue Economy, linking the AfCFTA's success to effective maritime transport.
DistantNews Editorial

Originally published by ThisDay in English. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.