Blue Economy: TMV Backs Tinubu, Cites Sector Gains
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Blue Economy: TMV Backs Tinubu, Cites Sector Gains
By Alabidun Shuaib AbdulRahman
The Tinubu Media Volunteers, TMV has commended the Federal Government over what it described as significant transformation in the maritime sector, attributing the development to the economic reforms of President Bola Tinubu’s administration.
In a statement issued and 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 well-thought-out decision aimed at harnessing the sector’s vast potential.
The group noted that the initiative was designed to unlock an estimated $3tn blue economy, driven by the administration’s ongoing reforms.
According to the statement, “This development is targeted at unlocking the estimated $3 trillion blue economy using the economic reforms of the administration as the driver.”
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Noting key achievements, the group said Nigeria had recorded zero piracy incidents in the Gulf of Guinea for over four years under the Deep Blue Programme, describing it as a major boost to maritime security and investor confidence.
It also pointed to the resolution of the long-standing gridlock around the Apapa port, noting that the development had brought relief to businesses and port users after years of logistical challenges.
“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,” the statement read.
The group further disclosed that renewed global confidence in the sector had enabled the Federal Government to secure £746m for the modernisation of Apapa and Tin Can Island ports.
On revenue generation, the TMV said the sector recorded significant growth, rising from N700.79bn in 2023 to about N1.83tn in 2025, attributing the increase to improved transparency, automation, and stricter regulatory oversight.
It added that fish production had also increased from 1.1 million tonnes to 1.4 million tonnes, contributing to food security and job creation across the fisheries value chain.
The group also lauded Nigeria’s recent return to the Council of the International Maritime Organisation after a 14-year absence, describing it as a reflection of renewed global confidence in the country’s maritime sector.
“The visionary leadership of President Tinubu has helped to unlock various sectors of the economy for the progress and prosperity of Nigerians,” the statement added.
