NESG session: My core agenda is to open up marine and blue economy to private investments, public-private partnerships- Oyetola
. Says 24-48 hours cargo clearance is achievable
Yesterday evening, the minister of Marine and Blue Economy, Adegboyega Oyetola CON, attended one of the dinner sessions at the ongoing 29th Nigerian Economic Summit, holding in Abuja. The event was put together by the Nigerian Economic Summit Group.
At the session themed ‘Sailing to Success: Harnessing Nigeria’s Maritime Potential,’ the minister reiterated the Ministry’s commitment to fixing some of the challenges confronting the nation’s marine and blue economy and opening up the sector to private investments and public-private partnerships.
He noted that just as the country has witnessed the transformation in the telecoms and power sectors through private sector participation, he believes that enabling private sector investments is key to unlocking Nigeria’s economic potential in the Marine and Blue Economy sector.
He also spoke of government’s readiness to enhance efficiency at the ports and facilitate the establishment of private sector-led Maritime Development Zones for the co-location of ancillary services such as “wreck removal, wreck recycling, ship building, ship repairs, etc.
“We are also working to streamline the number of government agencies operating at the ports through the full implementation of the National Single Window initiative. We are also automating port operations through the deployment of a Port Community System and phasing out manual cargo inspections,” the minister was partly quoted.
Oyetola further noted the importance of expanding the domestic shipping fleet by encouraging new shipping lines and enforcing the Cabotage Act more rigorously, adding that “it is imperative that we move quickly towards improving the navigability of our waters, increase the draughts of our ports, achieve 24-48 hours cargo clearance, and ensure adequate connectivity of our ports to the hinterland, with efficient road and rail networks.”
The minister added that “our goal is to build a thriving maritime and blue economy sector that makes a substantial contribution to Nigeria’s GDP. I commend the Nigerian Economic Summit Group, NESG, for being a leading private sector-led think-tank and for advocating economic policies and initiatives that will reform and transform our country’s economy.”
Marine and Blue Economy Minister Adegboyega Oyetola’s Masters plan when fully implemented will not only create windows of synergic investment portfolios but their ripple effects will be a catalyst for other sectors of our Nation’s economy to be buoyant , to create diverse employment opportunities for all and sundry , tremendously increase our foreign exchange earnings and to impact our Balance of Payment Position substantially etc.
That said .
His plan for coastline Tourism activities will as well boost the growth of the Hospitality and Tourism Industry and will attract both domestic and international tourists to our Country all year round apart from the beautification of our coastline with holiday inns , luxury hotels , cosy restaurants , speedboats tours and a lot of must patronise attractions , and very lively activities .
His strategic plans will transform all the departments and agencies of his Ministry in to diamond mines if they are strictly implemented and well and adequately funded.
I want to appeal to Mr President therefore to please treat this Ministry as a preferred sector of his agenda on revamping our Nation’s economy which has allegedly been battered to a tipping point in the last 8 years with required takeoff funds to enable this innovative , brilliant , enterprising and hard working Minister and his team to optimally achieve their attainable set goals within a reasonable period of time .