Connect with us

Abuja Reports

Tinubu Seeks Global Investment In Nigeria’s Blue Economy

Published

on

President Bola Ahmed Tinubu has invited countries worldwide, especially those on the African continent, to take advantage of the investment opportunities that abound in Nigeria’s blue economy.

The president  implored the Nigerian Navy and its African partners as well as other stakeholders to focus on achieving a secure and prosperous maritime future that is beneficial to all, saying Nigeria cannot afford to fail in its responsibilities to Africa and the world at large

He made the call on Thursday when  while declaring open the 2024 International Maritime Conference held at the Naval Dockyard, Victoria Island, Lagos.

President Tunubu who was represented at the conference by his deputy, Vice President Kashim Shettima, in a statement by his media aide, Stanley Nwkocha observed that while a flourishing blue economy is the bedrock of every vibrant nation, the only way to attain such an economy is through “a progressive naval force.”

To this effect, he sought the commitment and devotion of officers of the Nigerian Navy and their international affiliates, describing them as “the lifeguards of our maritime environment.”

In his speech titled, “It’s Time to Secure Our Maritime Future,” which was read by VP Shettima, the President told the conferees: “This conference must inspire all stakeholders to see the big picture—that we cannot afford to fail in our responsibilities to the continent and, indeed, the entire world.

 “Let us work towards a maritime future that is secure, prosperous, sustainable, and beneficial to all our people and the generations to come. I urge you all to feel at home and take advantage of the investment opportunities that abound in Nigeria’s blue economy.”

Noting that the conferees have a role to play in the bid to maximise the potential of the blue economy which he pegged per year at $1.5 trillion globally and $300 billion continentally, President Tinubu said, “The wealth of Africa can never be realised unless we prioritise the protection and development of our maritime environment.

“The blue economy is estimated to be worth more than US $1.5 trillion per year globally and is projected to increase to US $15.5 trillion by 2050.

The “Africa Blue Economy Strategy” estimates that the blue economy currently generates nearly US $300 billion for the continent, creating 49 million jobs in the process. The Africa Blue Economy is projected to hit US $405 billion by 2030,” he further projected

He congratulated the Nigerian Navy on its 68th Anniversary, saying the nation remains immensely grateful for the service it has rendered in the past 68 years, “serving as a critical pillar of our security,” even as he applauded the marine forces for creating “a sense of balance and stability” in the country.

Specifically, the President commended the Minister of State for Defence, Bello Matawalle; the Chief of Naval Staff, Vice Admiral Emmanuel Ikechukwu Ogalla, and the naval officers for “creating a safe and secure environment for economic growth and prosperity.

“There is no greater incentive to ensure that the infrastructure and technologies at the disposal of the Nigerian Navy are of the highest sophistication than the successes we have witnessed in our anti-crude oil theft crusade since I assumed office in 2023. This has contributed immensely to the higher oil production levels we have seen,” he added.

Earlier in his welcome address, the Chief of Naval Staff, Vice Admiral Ogalla, said the outcome of the 2024 International Maritime Conference organised to commemorate the 68 anniversary of the Nigerian Navy will go a long way in enhancing its capabilities and strengthening existing collaborations in safeguarding the nation’s maritime environment.

He added that the forum will also offer a veritable platform to consolidate on the achievements of the combined maritime task force in support of the development of the blue economy on the continent, in the sub-region and the nation in particular.

On his part, the Minister of State for Defence, Matawalle, urged participants at the conference and partners of the Nigerian Navy to come up with innovative ways by which the navies in the sub-region can discharge their duties, and for Nigeria, in actualising the vision of President Tinubu for the safety and security of the nation’s maritime environment.

VP Shettima, who represented the President afterwards proceeded to declare open the Regional Maritime Exercise and also inspected the ongoing Seaward Defence Boats project. This was just as he took time to visit the exhibition stand mounted by the Nigeria Navy at the event.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Abuja Reports

Atoyebi Adewumi Wins 4th National Essay Competition, Beats 2,000 Contestants

Published

on

By

By Samson Adeyanju

Atoyebi Adewumi has emerged winner of the fourth edition of the National Essay Competition, beating more than 2,000 contestants in an intellectual contest aimed at promoting academic excellence, critical thinking and creative writing among young Nigerians.

The competition, which focused on the relevance of taxation to national development, challenged participants to examine the role of tax revenue in financing public services, stimulating economic growth and strengthening the relationship between government and citizens.

The initiative provided a platform for young Nigerians to demonstrate their writing skills, articulate informed perspectives on national issues and contribute ideas towards building a more responsible and progressive society.

Speaking after being declared winner, an elated Adewumi expressed gratitude to the convener, Foluso Sylvanus Ojo, and the organising team for providing young Nigerians with an opportunity to showcase their intellectual abilities.

“I am so glad, very, very glad, to have this privilege of emerging as the winner. I am grateful to the convener and the entire team, as well as everyone who supported this vision,” Adewumi said.

In his remarks, Ojo expressed concern over the tendency to criticise the attitudes and lifestyles of younger generations without providing adequate opportunities to nurture their talents and channel their energies towards productive pursuits.

He called on the government, corporate organisations and nongovernmental organisations to invest more in educational initiatives that promote intellectual excellence, creativity and responsible citizenship.

According to him, sustained investment in academic competitions and youth development programmes would encourage discipline, innovation and a stronger commitment to national development.

Drawing a comparison with the substantial cash prizes awarded in some reality television competitions in Nigeria, Ojo argued that students and intellectually gifted young Nigerians deserved greater recognition, financial support and encouragement.

“I believe the government should support initiatives like this because individuals need supportive hands, especially from the government. When they receive such support, they become more confident and motivated to continue their good work,” he said.

Ojo maintained that society could not continue to complain about the attitudes and lifestyles of young people without deliberately investing in programmes that encourage positive values and productive engagement.

The fourth edition of the competition also underscored the importance of tax awareness among young Nigerians, highlighting how effective taxation, transparency and accountable governance could contribute to improved infrastructure, education, healthcare and other essential public services.

Beyond celebrating the winner, the competition reinforced the need to identify, encourage and empower emerging intellectual talents capable of contributing meaningfully to Nigeria’s development.

Winner of the 5,000,000 naira

Winner of 3,000,000 naira

Winner of 2,000,000

All the participants 

Continue Reading

Abuja Reports

20 Finalists Begin Final Stage of National Essay Competition

Published

on

By

By Samson Adeyanju

Twenty finalists from across Nigeria have begun the final stage of the fourth edition of the National Essay Competition in Abuja, following an orientation session designed to prepare them for the decisive examination.

The finalists arrived in the Federal Capital Territory for a four-day, all-expenses-paid programme featuring the essay examination, institutional tours and opportunities for learning and networking.

The competition, the brainchild of Mr Foluso Ojo, is sponsored by the Nigeria Revenue Service (NRS).

Ahead of the examination, the finalists participated in an orientation session led by Professor Omotosho Borisade of Ekiti State University, who serves as the competition’s umpire.

The session familiarised participants with the competition’s rules and regulations, examination guidelines and assessment criteria, helping them understand the requirements of the final stage.

The essay examination is scheduled to begin today at 9 a.m., after which the finalists are expected to embark on institutional tours around Abuja.

The programme is designed to extend beyond the contest itself, exposing the finalists to new learning opportunities, professional connections and experiences in the nation’s capital.

The competition brings together young Nigerians to demonstrate their writing ability, knowledge, creativity and critical-thinking skills as they compete for the top honours.

With the finalists prepared for the examination, attention now turns to their performance and the eventual emergence of the competition’s champion.

 

Continue Reading

Abuja Reports

Caritas Nigeria Urges Ecological Conversion, Climate Action

Published

on

By

By Samson Adeyanju

Caritas Nigeria has called on Nigerians to embrace what Pope Francis describes as “ecological conversion,” urging citizens, institutions and governments to move beyond environmental rhetoric and take concrete action against climate change and environmental degradation.

The call was made during the commemoration of World Environment Day 2026 at the Catholic Secretariat of Nigeria (CSN) Training Hall, Abuja, under the theme: “Inspired by Nature. For Climate. For Our Future.”

Delivering an address on behalf of the Catholic Secretariat of Nigeria, the Deputy Secretary, Rev. Fr. Augustine Okochi, described care for the environment as a moral, spiritual and ethical responsibility rooted in Christian faith.

“Our concern for the environment is not a passing trend. It is part of our moral duty, our Christian witness, and our responsibility to future generations,” he said.

Fr. Okochi noted that climate change is already affecting communities through flooding, land degradation, water pollution, rising temperatures and declining livelihoods, with the poor, women, children and displaced persons bearing the greatest burden.

He commended Caritas Nigeria’s efforts in environmental awareness, tree planting, climate-smart agriculture and support for vulnerable communities, while urging families, schools, parishes and institutions to cultivate a culture of environmental stewardship.

Speaking at the event, Caritas Nigeria’s Environmental Focus President, Dr. Pascal Onu, stressed the importance of educating young people on environmental protection through debate and quiz competitions.

“We believe it is important to catch them young. When we imbibe the right environmental culture in our children, it goes a long way in protecting the environment,” he said.

Dr. Onu identified inadequate infrastructure, poor waste management systems and limited funding as major obstacles to environmental sustainability despite increasing public awareness of climate issues.

Also speaking, Director of the Department of Climate Change at the Federal Ministry of Environment, Dr. Iniobong Abiola-Awe, reaffirmed Nigeria’s commitment to climate action through initiatives such as the National Adaptation Plan, Nationally Determined Contributions (NDCs), the Just Transition Action Plan and the National Clean Cooking Policy.

She emphasized the role of young people in advancing climate solutions through programmes such as the Eco-Schools Initiative and the Youth Climate Innovation Hub.

In a goodwill message, the Abuja Environmental Protection Board (AEPB), represented by Chief Environmental Health Officer Omenta Rachael Chinenye, urged Nigerians to draw inspiration from nature in addressing environmental challenges and commended the active participation of students in climate debates.

Students at the event said the programme deepened their understanding of environmental protection, forest conservation and sustainable living, pledging to promote environmental responsibility in their schools and communities.

The event brought together religious leaders, government officials, environmental experts, students and development partners who renewed their commitment to building a cleaner, greener and more climate-resilient Nigeria.

Continue Reading

Trending