• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Thursday, September 18, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

Marine, blue economy to fetch $1trn to Nigerian economy

Marine

The Matters Press by The Matters Press
January 19, 2024
Reading Time: 2 mins read
0
Marine tourism key to economic development – Jamoh

Lagos, Jan. 19, 2024: The Federal Govemment has identified the Marine and Blue Economy Ministry as one of pivotal ministries critical to achieving a one trillion dollar economy by 2026.

RELATED POSTS

Leap in non-oil exports gain of Nigeria:s economic diversification ‎

Think Tank ‎projects 17% inflation rate by year-end, urges CBN to ease benchmark rate ‎

‎GROUP LAUDS INSURANCE SCHEME FOR RETIREES IN NIGERIA. ‎

The Executive Secretary/Chief Executive Officer (CEO), the Nigerian Shippers’ Council (NSC), Mr Pius Akuta, said this on Thursday during a courtesy visit at the Tincan Island Container Terminal Ltd., Lagos.

Akuta added that the Federal Government had concluded plans to come up with policy documents that would boast port efficiency.

The News Agency of Nigeria (NAN) recalls that President Bola Tinubu in October 2023 set a target of growing the economy to $1 trillion by 2026 and increasing it to $3 trillion by the end of the decade in 2030.

Akuta said that the President and his New Hope Agenda for this country was looking at moving from $500 billion economy to $1trillion economy by 2026.

“We have a lot of issues to put together and Nigeria has taken a bold steps by establishing the Marine and Blue and that is geared towards restructuring the marine environment so that it contributes to the Gross Domestic Product of the country.

“The minister has been working day and night meeting with stakeholders on issues relating to challenges the sector is facing and a policy will be roled out to address these issues so as to ensure port efficiency.

“To achieve port efficiency, there is need for stakeholders impute. On tariff, if we achieve port efficiency, the turnaround time is improved and it will trickle down,” he said.

Akuta noted that going forward, things would change drastically, the checkpoint would be looked at holistically and steps would be taken in all directions to improve port efficiency.

He described automation as the most important way to go in terms of port efficiency, stating that this would lead to less gridlock on the port corridors.

“My concern also is achieving the International Cargo Tracking Note that will help all stakeholders in cargo clearance and the country achieve port efficiency.

“This is in the front burner of the presidency and we are going to work to achieving it in record time and probably before the end of the year,” he said.

Earlier, the Managing Director/CEO, Tincan Island Container Terminal Ltd., Mr Etienne Rocher, said the rehabilitation and modernisation of Lagos ports were critical to meeting the requirements that would attract shipping lines and make the country competitive in West and Central Africa.

Rocher also blamed poor access roads as one of the obstacles hindering ease of doing business in the country.

He noted that the number of containers handled by the terminal had reduced due to congestion.

“Although rail and barge are alternatives for evacuation of cargoes from the seaports, they remain secondary to the roads, which remains the core avenue for cargo movement and take up about 97 per cent of the consignments,” he said.

Rocher wondered how it took less than 24-hour to clear the port access roads of traffic during presidential visit to the port and a whole decade to resolve the issue permanently.

Tags: Marine
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

2023 maritime, shipping outlook force experts to call for aid
Economy/Technology

Leap in non-oil exports gain of Nigeria:s economic diversification ‎

September 17, 2025
NBS reports increase in Inflation
Economy/Technology

Think Tank ‎projects 17% inflation rate by year-end, urges CBN to ease benchmark rate ‎

September 17, 2025
Old pension scheme beneficiaries get a boost in entitlements
Economy/Technology

‎GROUP LAUDS INSURANCE SCHEME FOR RETIREES IN NIGERIA. ‎

September 14, 2025
Nigerians to own brand new vehicles, goods through new credit scheme initiative
Economy/Technology

‎Tinubu never abandoned the North, TMSG insists

September 12, 2025
Trading in Nigerian stock market dips further N83bn
Economy/Technology

Tinubu’s pro-business model triggers surge in capital market – TMSG

September 10, 2025
Tinubu commits to economic reforms as Nigeria marks democracy day
Economy/Technology

‎Tinubu’s achievements daze gov., opposition leaders

September 10, 2025
Next Post
Trading in Nigerian stock market dips further N83bn

Market capitalisation rises by N1.01trn

Otti inaugurates Abia Global Economic Advisory Council

Otti inaugurates Abia Global Economic Advisory Council

Recommended Stories

Old pension scheme beneficiaries get a boost in entitlements

PTAD set to unveil “I Am Alive” confirmation portal

March 26, 2023
Nigeria targets $1.2bn export capacity for every state

China’s exports slump by more than 12% in June

July 13, 2023
Nigeria gets AfDB’s $14m as member of ATI

AfDB approves $20m concessional investment for COVID-19

September 22, 2022

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Leap in non-oil exports gain of Nigeria:s economic diversification ‎
  • Think Tank ‎projects 17% inflation rate by year-end, urges CBN to ease benchmark rate ‎
  • ‎GROUP LAUDS INSURANCE SCHEME FOR RETIREES IN NIGERIA. ‎

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us