The establishment of a Ministry of Marine and Blue Economy by President Bola Tinubu when he recently assigned new ministerial portfolios to the members of his cabinet is cheering news and development, for the economic development of Nigeria, if taken seriously and given the adequate resources to function optimally.
It will also be crucial, if Bunmi Tunji-Ojo, the pioneer Minister and his colleagues in that ministry, fully understand the concept and important role of this unique and innovative ministry.
It is important to first understand what the blue economy encompasses and the great potential that it holds for the country. Nigeria’s exploration of the untapped potential within the blue economy must be established, with a clear understanding of the concept and the immense benefits it holds for the nation.
Additionally, it is crucial to recognize the urgency for Nigeria to diversify its economy, moving away from the heavy dependence on a single…
