Blue Economy: Nigeria Set for Revolutionary Economic Voyage

Blue Economy: Nigeria Set for Revolutionary Economic Voyage

By prince Benson Davies

Nigeria’s Blue Economy holds vast potential for economic diversification, job creation, and sustainable development. Dr. Ade Dosunmu, former Director General of NIMASA, stresses the need for strategic reforms and collaboration to unlock this potential. With Nigeria’s 853km coastline and extensive inland waterways, the Blue Economy could contribute significantly to the nation’s GDP and reduce dependence on hydrocarbon resources.

In his presentation, he outlined the concept of the Blue Economy, highlighting its potential to drive economic growth, job creation, and sustainable development. He stressed the sector’s capacity to reduce Nigeria’s over-reliance on hydrocarbons and emphasized the urgency of tackling key challenges, including regulatory gaps, environmental threats, and capacity constraints.

 

“The Blue Economy offers a unique and timely solution to Nigeria’s perennial dependence on hydrocarbon resources,” Dr. Dosunmu stated. “With strategic reforms, robust policies, and stronger collaboration among agencies and stakeholders, the sector can significantly boost national revenue and secure a prosperous future for our country.”

 

The lecture was part of a broader engagement that also featured papers on Foreign Direct Investment and the Blue Economy, Sustainable Coastal Tourism and Recreation in Nigeria, and Fisheries and Aquaculture in Nigeria’s Blue Economy, among others.

 

The NIPSS is Nigeria’s foremost policy think-tank, established to develop top-level leaders and policymakers capable of formulating and implementing strategies for national development.

 

Caption:

 

Pic 1:

Dr. Ade Dosunmu (left) and a participant during the Senior Executive Course 47, 2025, at the National Institute for Policy and Strategic Studies (NIPSS), Kuru, Jos.

 

Pic 2:

 

Dr. Ade Dosunmu delivering a lecture during the Senior Executive Course 47, 2025, at the National Institute for Policy and Strategic Studies (NIPSS), Kuru, Jos.