UK, US Pledge Support For Nigeria’s Marine, Blue Economy Development

October 3, 2023
UK, US Pledge Support For Nigeria's Marine, Blue Economy Development

The governments of the United Kingdom and the United States have announced their commitment to partner with Nigeria in the development of the newly established Ministry of Marine and Blue Economy.

This partnership aims to bolster Nigeria’s economic growth through the enhancement of its marine and blue economy sectors.

Join our WhatsApp Channel

Representatives from both countries conveyed their dedication to this initiative during separate meetings with Nigeria’s Minister of Marine and Blue Economy, Adegboyega Oyetola, held at his office in Abuja on Tuesday.

Ambassador Jessye Lapenn, the Senior Coordinator for Atlantic Cooperation, led the US delegation, while the British High Commissioner to Nigeria, Dr. Richard Montgomery, headed the British team.

READ ALSO: Cabinet Reshuffle: Tinubu Transfers Oyetola To Marine & Blue Economy, Momoh Niger Delta Ministry

Ambassador Lapenn, during her visit, emphasized the importance of their support. She mentioned that Minister Oyetola was the first person she visited after the ministerial meeting for Atlantic Cooperation, hosted by US Secretary of State Anthony Blinken on the sidelines of the 78th United Nations General Assembly in New York.

Lapenn stated that the US government was eager to provide technical assistance to the ministry to promote Nigeria’s economic growth through this sector. She also highlighted plans to explore technology solutions to address challenges within the Marine and Blue Economy.

Dr. Richard Montgomery, the British High Commissioner, expressed the UK government’s desire to collaborate with Nigeria in combatting illegal fishing in Nigerian waters. He praised the minister’s decision to pursue public-private partnerships for investments in the sector. Montgomery affirmed the British government’s readiness to share information and offer guidance to Nigeria in protecting its marine resources.

Minister Adegboyega Oyetola expressed his gratitude to both delegations and reiterated Nigeria’s commitment to fostering coastal tourism and creating a conducive business environment. He highlighted the nation’s dedication to implementing the Atlantic Cooperation initiative declarations and addressing issues such as illegal fishing.

Oyetola also emphasized the role of marine fishing in economic growth and job creation, particularly for the country’s youth. He revealed plans to leverage the UK’s Blue Planet Fund to protect the marine environment and reduce poverty, with the establishment of the Ministry of Marine and Blue Economy in Nigeria.

He said: “We believe that marine fishing will support our economic growth and create job opportunities, especially for our youths. We will equally be leveraging the UK’s Blue Planet Fund, aimed at supporting developing countries like us to protect the marine environment and reduce poverty, especially now that there is a Ministry of Marine and Blue Economy in place in Nigeria,”

emmmmmm
+ posts

Emmanuel Ochayi is a journalist. He is a graduate of the University of Lagos, School of first choice and the nations pride. Emmanuel is keen on exploring writing angles in different areas, including Business, climate change, politics, Education, and others.

Emmanuel Ochayi

Emmanuel Ochayi is a journalist. He is a graduate of the University of Lagos, School of first choice and the nations pride. Emmanuel is keen on exploring writing angles in different areas, including Business, climate change, politics, Education, and others.

NITRA Hails Danbatta's Trailblazing Leadership In Nigerian Telecom Sector
Previous Story

NITRA Hails Danbatta’s Trailblazing Leadership In Nigerian Telecom Sector

Nigerian Music Industry Unites To Address Challenges, Seek Solutions
Next Story

Nigerian Music Industry Unites To Address Challenges, Seek Solutions

Featured Stories

Latest from Business

NGX Group

First HoldCo, Lasaco Add N244.61bn To Nigerian Stock Market

The Nigerian Exchange Limited (NGX) said the market capitalisation for the stock market increased to N95.52 trillion on Wednesday, December 17, from the N95.28 trillion posted on Tuesday, December 16, representing a N244.61 billion gain. About 383.71 basis points were added to

Dollar Trade Flat In Black Market, Appreciates In Official Window

The dollar traded at N1,487.01/$1 in the parallel market on Wednesday, December 17, indicating the naira neither depreciated nor appreciated against the United States currency. On Tuesday, December 16, the black market foreign exchange rate aggregator, Naira Rates, reported that the American

Airplane Crashes at Owerri Airport – Four Injured, No Fatalities

A Skypower Express Cessna 172, registration 5N‑ASR, crashed during an emergency landing at Sam Mbakwe International Cargo Airport in Owerri, Imo State, on Tuesday night. The aircraft, which had departed Kaduna International Airport bound for Port Harcourt International Airport, declared an in‑flight emergency and diverted
NITRA Hails Danbatta's Trailblazing Leadership In Nigerian Telecom Sector
Previous Story

NITRA Hails Danbatta’s Trailblazing Leadership In Nigerian Telecom Sector

Nigerian Music Industry Unites To Address Challenges, Seek Solutions
Next Story

Nigerian Music Industry Unites To Address Challenges, Seek Solutions

Don't Miss

Nigerian Govt To Probe Ajaokuta Steel N33bn Electricity Debt Amid TCN Disconnection

Nigerian Govt To Probe Ajaokuta Steel N33bn Electricity Debt Amid TCN Disconnection

The Nigerian Government announced on Thursday its intention to investigate
Why Cement Price Keeps Rising – Producers

Why Cement Prices Will Remain High In 2024 – Report

A Cardinal Stone analysis has predicted that cement prices in