On October 3, 2025, Nigeria’s Marine and Blue Economy Minister, Adegboyega Oyetola, announced a bold plan to position the maritime sector as the nation’s leading income source, overtaking crude oil.
Economic Shift
At the University of Lagos, during a visit from the International Maritime Organisation’s head, Oyetola called the blue economy a “goldmine.”
He said it could drive sustainable growth and create millions of jobs.
Vast Opportunities
The minister highlighted the sector’s potential in shipping, fisheries, logistics, and offshore energy. These areas could replace oil as Nigeria’s economic cornerstone, he noted.
Youth Involvement
A UNILAG graduate himself, Oyetola urged young Nigerians to pursue maritime careers. “Your creativity and hard work will define this industry and Nigeria’s future,” he told students.
Government Support
Oyetola’s adviser, Bolaji Akinola, confirmed investments in infrastructure, training, and global partnerships. The focus is on sustainability and including all Nigerians in this vision.
UNILAG Partnership
Oyetola praised UNILAG and the Nigerian Maritime Administration for their work in building maritime skills. A new, advanced facility at UNILAG’s Institute of Maritime Studies supports this effort.
Why It Matters
Moving from oil to the blue economy could diversify Nigeria’s income, cut reliance on oil, and create jobs. This shift aims to strengthen the nation’s economic stability.
What’s Next
In October 2025, Nigeria will ramp up investments and training to turn the maritime sector into a global leader, reducing oil dependency.
