Nigerian Ports Authority and Minister Work Together to Enhance Blue Economy Investments

Nigerian Ports Authority and Minister Work Together to Enhance Blue Economy Investments

By prince Benson Davies

The Minister of Marine and Blue Economy, H.E. Adegboyega Oyetola, and the Managing Director of the Nigerian Ports Authority (NPA), Dr. Abubakar Dantsoho, have joined forces to boost investment inflows into Nigeria’s seaports and the broader maritime and blue economy sector. This collaboration comes after the presentation of the NPA’s latest edition of Nigerian Ports Today, the Authority’s flagship quarterly journal, which highlights key developments in Nigeria’s maritime sector and showcases attractive investment opportunities.

The journal, which is strategically circulated to embassies, foreign missions, major hotels, airports, and seaport locations, serves as a comprehensive guide to inform stakeholders, investors, and partners on NPA’s ongoing reforms, infrastructure advancements, and contributions to sustainable economic growth under the Renewed Hope Agenda of the Federal Government. The current edition focuses on dynamic trends in maritime trade and regional progress in West Africa.

The NPA has been working to improve port infrastructure, increase efficiency, and promote economic growth. The Authority has secured a $1.1 billion facility for comprehensive rehabilitation across Eastern Ports, including Onne, Rivers, Calabar, and Warri. Key projects include road network integration, installation of marine fenders, and surveys for shore protection.

The collaboration between the Minister and NPA MD is expected to attract investments and promote economic growth in the maritime sector. The NPA has also been working to enhance trade facilitation, attract foreign direct investment, and boost investor confidence in Nigeria’s economic future.