Nigeria’s blue economy witnessing monumental growth on President Tinubu’s watch – Group

The Tinubu Media Volunteers (TMV) has hailed what it described as the monumental transformation and growth being witnessed in the country’s maritime sector under President Bola Tinubu’s Renewed Hope agenda.

In a statement signed by its Chairman Chukwudi Enekwechi and Secretary Segun Ogedengbe, the group argued that the Tinubu administration was not wrong to create a ministry targeted at reaping benefits from the blue economy.

The statement read in part, “This development is targeted at unlocking the estimated $3 trillion blue economy using the economic reforms of the administration as the driver.

“Also as part of the significant impacts of the reforms is the zero piracy incidents in the Gulf of Guinea for over four years running under the Deep Blue Programme.

“Another major result of the reforms is the disappearance of the age-long gridlock at the Apapa port thereby bringing tremendous relief to businesses and port users, which was absent over the last two decades.
“We also acknowledge that as a result of the renewed global confidence being experienced in the sector, the federal government has recently secured £746 million for the modernisation of Apapa and Tin Can Island Ports.

“As a result of the reforms, the sector has also witnessed a significant improvement in revenue generation with the figure rising from N700.79 billion in 2023 to about N1.83 trillion in 2025, and this is driven by transparency, automation and stricter regulatory oversight.

“We also note that fish production has grown from 1.1 million tonnes to 1.4 million tonnes thereby enhancing food security and the creation of jobs along the fisheries value chain.
Furthermore, we applaud the federal government for Nigeria’s recent return to the Council of the International Maritime Organisation after a 14-year absence. Definitely, this reflects a renewed global confidence in the country’s maritime sector.”

The group insisted that the visionary leadership of President Tinubu has helped to unlock various sectors of the economy for the progress and prosperity of Nigerians.