Intermodal transportation, key component in unlocking full potential of Blue Economy – Oyetola
By Seun Ibiyemi
The Honourable Minister of Marine & Blue Economy, Adegboyega Oyetola, CON, has emphasized the critical role of intermodal transportation in realizing the full potential of Nigeria’s blue economy.
Speaking at the ongoing Nigerian transport sector summit organized by the Transportation Correspondents Association of Nigeria, he highlighted that efficiently linking ports with road, rail, and inland waterways is essential for optimizing the movement of goods and enhancing trade.
This integration not only reduces delays and logistics costs but also positions Nigerian ports to be more competitive in the global market.
Oyetola urged stakeholders to invest in developing a seamless transport system that allows for smooth and efficient flow of goods.
He noted that such advancements would not only benefit the economy but also contribute to sustainable practices within the maritime sector. By fostering collaboration with international partners and adopting best practices, Nigeria can enhance its maritime capabilities and ensure responsible utilization of marine resources.
Oyetola emphasized that Nigeria’s extensive coastline and rich marine resources present vast opportunities for economic development, job creation, and environmental sustainability.
He highlighted that the blue economy extends beyond traditional sectors like fishing and shipping, encompassing tourism, maritime trade, aquaculture, and renewable energy.
In an effort to diversify the economy and reduce dependence on oil, Oyetola stressed the importance of harnessing the potential of the nation’s oceans and seas.
He noted that the blue economy could significantly contribute to the GDP, enhance food security, and create millions of jobs.
The Minister also outlined several initiatives launched by the Federal Ministry of Marine and Blue Economy aimed at unlocking the potential of Nigeria’s marine resources. A key achievement is the establishment of the National Strategy on Blue Economy, which was validated recently with the collaboration of AU-IBAR and the Kingdom of Norway.
This strategy aims to regulate and promote the sustainable use of marine resources, ensuring that Nigeria can fully realize the benefits of its blue economy while maintaining a commitment to sustainable practices.
As the nation strives for these ambitious goals, Oyetola called on the media to continue raising awareness about the importance of sustainable practices and robust investment in maritime infrastructure.
Through collective efforts, Nigeria can inspire young entrepreneurs and innovators to invest in the blue economy, fostering a culture of accountability and transparency that will benefit future generations.
