…Must be prioritized in Govt policies
The Director-General of the Nigerian Institute of International Affairs (NIIA), Prof. Eghosa Osaghae has advised Nigeria to place more emphasis on developing its blue economy, stating that the sector is the 7th largest one in economic terms globally.
NIIA boss stressed this at a seminar organized by the agency, themed; “Safety, Security and Development in Nigeria’s Maritime Domain: Problems, Strategies and Prospects,” where the Director General of Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Bashir Jamoh, OFR delivered a paper.
While acknowledging the progress made in securing the Nigerian maritime domain and the Gulf of Guinea (GoG), Prof Osaghae highlighted the importance of the blue economy globally and called for sustainable use of ocean resources to be considered when shaping government policies.
His words: “When considered in economic terms, the global Blue Economy would be the seventh largest in the world which highlights its importance. As such, sustainable use of the Blue Economy for economic growth should be at the core of any policy formulation by government”
The Nigeria Institute of International Affairs (NIIA) is Africa’s Foremost Foreign Policy Think Tank with the goal of assisting governments and societies in creating a world that is secure and prosperous.
In his paper titled “Opportunities and Challenges in Harnessing the Blue Economy”, Dr. Bashir Jamoh observed that the NIIA has a critical role to play for Nigeria to fully harness the potentials of the Blue Economy.
Jamoh noted that collaboration amongst all organs of government in Nigeria and the organized private sector will accelerate harnessing the Blue Economy in Nigeria citing the successes of the Deep Blue Project which is hinged on collaboration.
“Our task at NIMASA is to explore how Nigeria can maximize the benefits derivable from our Blue Economy. This concept of Blue Economy which which gained prominence some few years ago requires local, regional and international collaboration to manage critical factors. The Nigerian Institute of International Affairs should play a role in advising government on policies which would facilitate the realization of the Blue Economy”
“Just as in maritime security, the Deep Blue Project has shown that through co-operation and collaboration, great results can be achieved reason why I appreciate the participation of the Economic and Financial Crimes Commission (EFCC) and the Nigeria Customs Service as well as the Nigerian Navy,” the NIMASA boss said.