Nigeria’s Blue Economy Records Major Gains Under Tinubu — TMV
Oru Leonard
The Tinubu Media Volunteers (TMV) has commended what it described as significant growth and transformation in Nigeria’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 said the administration’s decision to establish a ministry dedicated to the blue economy was yielding measurable results.
According to the group, the initiative is aimed at unlocking an estimated $3 trillion potential within Nigeria’s blue economy, driven by ongoing economic reforms.
TMV highlighted improved maritime security as one of the key achievements, noting that the Deep Blue Programme has helped sustain zero piracy incidents in the Gulf of Guinea for over four consecutive years.
The group also pointed to the resolution of long-standing congestion at Apapa Port, describing the development as a major relief for businesses and port users after decades of gridlock.
It further disclosed that the Federal Government recently secured £746 million to modernise Apapa and Tin Can Island ports, attributing the funding to renewed global investor confidence in Nigeria’s maritime sector.
On revenue performance, TMV stated that earnings in the sector rose significantly from N700.79 billion in 2023 to about N1.83 trillion in 2025, citing improved transparency, automation, and stricter regulatory oversight as key drivers.
The statement added that fish production increased from 1.1 million tonnes to 1.4 million tonnes, boosting food security and creating jobs across the fisheries value chain.
TMV also welcomed Nigeria’s return to the Council of the International Maritime Organization after a 14-year absence, describing it as a reflection of renewed global confidence in the country’s maritime industry.
The group maintained that President Tinubu’s leadership has continued to unlock critical sectors of the economy, positioning the country for sustained growth and prosperity.
