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Marine Ministry Sees 160% Revenue Surge, Hits N1.83trn in 2025

Marine Ministry Sees 160% Revenue Surge, Hits N1.83trn in 2025   The Minister of Marine and Blue Economy, Adegboyega Oyetola, has disclosed that the agencies under the ministry generated a total of N1.83tn in revenue in 2025. Adegboyega disclosed this on Thursday in Lagos while speaking during...

Blue Economy Requires $10bn Investment to Thrive

Nigeria’s marine and blue economy sector requires $10 billion in investment over the next decade to modernise ports and logistics.

Maritime Agencies Rake in N850.3bn Revenue for 2024

Maritime Agencies Rake in N850.3bn Revenue for 2024   In 2024, four key agencies under the Marine and Blue Economy umbrella collectively generated a significant revenue of N850.324 billion. This was a 77 per cent growth compared to the amount generated by the agencies in the previous year...

FG Targets $3bn Annual Revenue from Single Window Trade Facility

FG Targets $3bn Annual Revenue from Single Window Trade Facility The federal government is targeting over $3 billion annually through the National Single Window (NSW), a unified digital platform introduced to overhaul Nigeria’s trade system and solidify its role as a regional transhipment hub. Launched in...

Oyetola Unveils Policy Strategy for Harnessing Marine Resources

Oyetola Unveils Policy Strategy for Harnessing Marine Resources By Kabir Akintayo In a significant step toward sustainable development, the Minister of Marine and Blue Economy, Adegboyega Oyetola, has announced Nigeria’s commitment to harnessing its vast marine resources through the creation of the National Blue Economy Strategy. Speaking...

Oyetola Launches Gateway Inland Dry Port Project in Ogun State

The Minister of Marine and Blue Economy, Adegboyega Oyetola, has officiated the groundbreaking ceremony for the Gateway Inland Dry Port (GIDP), emphasizing that the Ogun State government and the concessionaire must ensure the port is constructed to international standards, capable of meeting the demands of modern trade.