In a decisive move to propel Nigeria’s marine and blue economy sector towards development, Minister of Marine and Blue Economy, Adegboyega Oyetola, on Tuesday, signed performance bonds with heads of agencies under his ministry.

The initiative underscores a commitment to the swift execution of the newly approved National Policy on Marine and Blue Economy.

At the sectoral retreat held in Abuja, Oyetola emphasised the importance of translating policy into actionable programs.

“This retreat is a strategic moment to align our objectives and deliver tangible results,” he stated.

Key highlights from the retreat include infrastructure modernisation to upgrade port facilities to enhance efficiency and trade capacity, maritime security enhancement to bolster safety across Nigeria’s waterways, sustainable fisheries development initiatives aimed at promoting aquaculture and reducing overfishing, and environmental stewardship commitment to preserving marine ecosystems through responsible practices.

Permanent Secretary Olufemi Oloruntola echoed the minister’s sentiments, highlighting the retreat as a platform for reflection and realignment.

He stressed the necessity for inter-agency collaboration and measurable performance outcomes to drive the sector forward.

The signing of performance bonds signifies a unified pledge by the ministry and its agencies to achieve set targets, ensuring the marine and blue economy sector contributes significantly to Nigeria’s GDP and job creation efforts.