Tinubu approves 10-year national policy on marine and blue economy

President Bola Tinubu has approved Nigeria’s 10-Year National Policy on Marine and Blue Economy from 2025-2034.

The Policy, approved today by the President at the Federal Executive Council (FEC) on May 5, 2025, is designed with a robust implementation plan with the goal of harnessing Nigeria’s vast marine resources to drive economic growth.

Recall that the President established the Ministry of Marine and Blue Economy in 2023 with the aim aimed at unlocking the full potential of Nigeria’s maritime sector.

The policy approval comes at a time when global interest in the blue economy is surging The comprehensive policy, anchored in a robust implementation framework, is designed to harness Nigeria’s extensive marine resources, including over 853 kilometers of coastline, as a key driver of sustainable economic growth, environmental stewardship, and job creation.

According to the Special Adviser, Media & Public Communication to President Bola Tinubu, Sunday Dare, the policy implementation will be financed primarily from the private sector, followed by various other sources in line with Tinubu’s vision of Greater Private investments.

He said for Nigeria, with its strategic coastal location, vast maritime domain, and bustling port activities, the blueprint represents a timely intervention to unlock value in one of its most underutilised sectors.