Nigeria Secures £746m UK Financing to Modernise Apapa, Tin Can Ports Nigeria has secured a £746 million financing agreement with the United Kingdom to undertake a major upgrade of its seaport infrastructure, marking what officials describe as the most significant overhaul in five decades. The deal,...

FG Engages Global Insurers to Halt $1.5bn War Risk Charges The Federal Government has commenced discussions with international insurers, including the International Chamber of Shipping and Lloyd’s of London, among others, to prove that Nigeria has secured its waters, in a bid to stop the...

FG Projects $200bn Revenue from Lekki Port – Oyetola The Minister of Blue and Marine Economy, Mr Adegboyega Oyetola, has announced that the Lekki Port is projected to generate $200bn in revenue for the government over its 45-year concession period. In a statement on Wednesday, Oyetola...

FG to End Fish Importation to Boost Food Security — Oyetola The Minister of Marine and Blue Economy, Adegboyega Oyetola, looks to end Nigeria’s dependence on fish importation by aggressively boosting local fish production. Oyetola made this observation in a statement on Wednesday, signed by his...

World Bank, Ministry of Maritime Partner to Develop Blue Economy Sector The World Bank Group has expressed its desire to partner with the Ministry of Marine and Blue Economy to develop Nigeria’s maritime sector. Announcing this in a statement on Wednesday, an aide to the Minister...

Oyetola Partners UNIDO to Develop Marine and Blue Economy Industry Policy  By Kabir Akintayo The Minister of Marine and Blue Economy, Adegboyega Oyetola, has said that the ministry will partner with the United Nations Industrial Development Organisation (UNIDO) to develop the industry policy that will help...