Maritime experts have listed technological innovations and strategic collaborations as key factors to guarantee sustainable growth of the nation’s blue economy.
These were part of the submissions at the annual conference organized by the National Association of Nigerian Maritime Students, in Lagos on Friday.
At the event themed: “Maximizing Opportunities for the Maritime Sector and Negotiation Skills for the Sector,” the critical role of Nigeria’s blue economy in driving sustainable growth, job creation, and food security was explored.
A veteran marine engineer and CEO of IGA Ship Building and Repair Yard, Issah Aderinto, delivered the key lecture; while other industry bigwigs as panelists were; the General Manager of Lagos State Waterways Authority (LASWA), Mr. Oluwadamilola Emmanuel; spokesman of the Alumni of Maritime Academy of Nigeria (AMANO), Mr. Oamien Ailemen; Group Human Resources Manager, LTT Coastal and Marine Services Limited, Mrs. Theodora Nwaeze; among others.
Speaking at the conference, Oamien, emphasized the importance of addressing inefficiencies in marine operations through innovation, technology, and strategic collaboration.
He commended some pioneering companies like FuelT, FuelTrax, Jotun, and Flyability for leading the way via technological innovations.
FuelTrax reduces fuel consumption by 15-20%, cutting costs and lowering CO2 emissions by approximately 1,000 metric tons per vessel annually.
Jotun, however, prevents biofouling with advanced hull coatings, reducing fuel use by up to 20% and significantly lowering emissions.
Flyability uses collision-tolerant drones for safe and efficient inspections, minimizing downtime and operational risks.
His words: “While Nigeria’s petroleum resources are often referred to as black gold, there is a pressing need to elevate our maritime sector to the status of a ‘blue diamond’ as a symbol of sustainable prosperity.
“These innovations demonstrate that technology is not a luxury but a necessity for sustainable growth in the blue economy. However, technology alone is insufficient. Strategic negotiations and cooperation across borders, industries, and stakeholders are essential to balance economic growth with environmental protection, ensure fair access to resources, and promote equitable benefits.”
At the summit, participants asserted that the blue economy is not just about economics, but about people as it impacts the livelihoods of fishermen, the resilience of coastal communities, and the food security of billions.
It was also emphasized that by streamlining marine operations and embracing technology, the industry can create jobs, reduce poverty, and improve quality of life.
The conference called for collective action to harness technology, enhance efficiency, and engage in strategic negotiations to build a prosperous and sustainable blue economy.
