The Tinubu Media Volunteers (TMV) has described developments in Nigeria’s maritime and blue economy sector as “monumental growth” under the administration of President Bola Tinubu, saying ongoing reforms are unlocking significant economic opportunities.
In a statement signed by its Chairman, Chukwudi Enekwechi, and Secretary, Segun Ogedengbe, the group said the creation of a dedicated ministry for the blue economy was a strategic step aimed at harnessing the estimated $3 trillion potential in the sector.
According to the group, key outcomes of the reforms include what it described as zero piracy incidents in the Gulf of Guinea for over four years under the Deep Blue Project, as well as the elimination of persistent gridlock at the Apapa Port, which it said has brought relief to port users and businesses.
TMV also noted that the federal government recently secured £746 million for the modernisation of the Apapa and Tin Can Island ports, adding that investor confidence in the maritime sector has improved significantly.
The group further claimed that revenue from the sector rose from N700.79 billion in 2023 to about N1.83 trillion in 2025, attributing the increase to improved transparency, automation, and regulatory enforcement.
On fisheries, it stated that fish production increased from 1.1 million tonnes to 1.4 million tonnes, contributing to food security and job creation across the value chain.
It also highlighted Nigeria’s return to the Council of the International Maritime Organization after a 14-year absence, describing it as evidence of renewed global confidence in the country’s maritime sector.
The group maintained that President Tinubu’s leadership has continued to open up various sectors of the economy for growth and national development.
