Connect with us

Business & Economy

How Coastal States Can Grow Nigeria’s Blue Economy – Gov Diri *Appoints Agge Seaport Transaction Adviser

Published

on

Gov Diri of Bayelsa State takes a walk round walks company

By David Owei

Governor of Bayelsa State, Senator Douye Diri, has advocated for Nigeria’s coastal states to maximise their aquatic potential to contribute to the growth of the country’s marine and blue economy.

Governor Diri also contended that the country’s maritime domain holds enormous potential to boost its economic growth.

The Bayelsa governor stated this on Thursday in a keynote address with the theme, “Sub-National Leadership in Advancing Nigeria’s Maritime and Blue Economy: The Bayelsa Experience and Pathways for Coastal State Development” during the 2nd Quarter 2026 Citizens/Stakeholders’ Engagement organised by the Federal Ministry of Marine and Blue Economy at the Eko Hotel and Suites, Victoria Island, Lagos.

Governor Diri asserted that of Nigeria’s more than 850km coastline, it is the states that have the waterways and that they . must move from being spectators to stakeholders.

He proposed five pathways for coastal states to collaborate for not only their collective progress and that of their communities but also Nigeria’s.

He said there was need for these states to institutionalise and create focal ministries or agencies and give them political and financial authority.

He also urged them to enact blue economy laws that align with the national policy and which reflect their unique geography and people.

According to him, such sub-nationals should secure and map out their domain as well as invest in coastal security and credible ocean data.

Diri, who further stated that the sub-nationals should establish maritime skills hubs, modernise fish processing and build cold storage, proposed that coastal producers be connected to national and global value chains.

The Bayelsa helmsman, who became the first governor in Nigeria to create a full-fledged Ministry of Marine and Blue Economy in the country in 2024, explained that the move was inspired by the Federal Government’s creation of a similar ministry in 2023 by President Bola Tinubu.

He said: “To ignore the Blue Economy in Bayelsa would be to ignore Bayelsa itself. That is why, following the initiative of the Federal Government, Bayelsa is not merely a state with a bespoke ministry, we are a national model for how to institutionalise and mainstream the Blue Economy at the sub-national level.”

On achievements in the sector, he said one of the state’s flagship priorities was the Agge Deep Seaport, which he noted was not merely a port but a gateway vision for regional trade, logistics, industrial development, fisheries exports, and wider integration within the Gulf of Guinea.

Consequently, he said his administration appointed a Transaction Adviser and that work had advanced to the inception report stage.

Diri expressed appreciation to the Federal Ministry of Marine and Blue Economy and other relevant federal institutions as it looked forward to a continued collaboration to move the Agge seaport from vision to bankable reality.

He also stated that Bayelsa had made modest progress in the sector following the creation of the ministry as “the state has moved from natural endowment to institutional recognition; from consultation to policy formulation; from validation to implementation.

“We are currently finalising the Bayelsa State Blue Economy Law. This legislation will provide certainty for investment, protect our ecosystems, and enshrine the rights of coastal communities. Investors do not gamble where the law is silent.”

On opportunities and investments in the sector, Diri said his administration had begun to translate the vision into practical action.

In the area of fisheries and aquaculture, he noted that government had commenced the operationalisation of the Bayelsa Aquaculture Village at Yenegwe, which is a 127-hectare facility designed as a major production, training, and enterprise hub.

According to him, the village has a hatchery capable of producing over three million fingerlings per cycle; 500 grow-out ponds, each measuring 20 metres by 50 metres; and a feed mill with capacity to produce up to 20 tonnes of fish feed per day.

Declaring the event open, the Minister of Marine and Blue Economy, Adegboyega Oyetola, said the successful implementation of the blue economy policy last year marked an important milestone in the sector.

Oyetola noted that it provided Nigeria with a coherent, strategic framework for unlocking opportunities that abound within the country’s ocean space, inland waterways and coastal resources.

He stressed that effective implementation of the national policy in the sector cannot rest solely on the federal government, adding that the states, the private sector and development partners were critical in realising President Tinubu’s Renewed Hope Agenda for the sector and the country.

Also, President of the Dangote Group, Alhaji Aliko Dangote, who was represented by Managing Director of Dangote Ports Operations, Mr. Simon Akin Omole, remarked that Nigeria’s blue economy was no longer defined by its potential but by the collective willingness to unlock it.

“The decisions we make today will determine whether future generations inherit a coastline untapped promise or a globally competitive economy that drives investments, industrialisation and shared prosperity,” he said.

Present at the well-attended event were all the institutional stakeholders in the sector as well as the governors of Akwa Ibom, Ondo and Borno, who were represented by the Deputy Governor, Senator Akon Eyakenyi, Mr. Olu Alade and Dr. Abdulkarim Babagana respectively, and chairman of the Senate Committee on Marine and Blue Economy, Senator Wasiu Sanni.

The governor was accompanied by the Commissioner for Marine and Blue Economy, Dr. Faith Izibenua-Godwin, her Information and Environment counterparts, Mrs. Ebiuwou Koku-Obiyai, and Hon. Ben Ololo as well as the General Manager, Bayelsa Housing and Property Development Authority, Hon. Tonye Isenah and the former Managing Director, Niger Delta Development Commission, Chief Ndutimi Alaibe.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business & Economy

Alausa To Universities, NASENI: Move Lab Breakthroughs to Factories, Jobs,wealth

Published

on

By

Education Minister, Tunji Alausa (middle) flanked Vice-Chancellors, Directors of Academic Affairs, Directors of Postgraduate Studies and officials of the Federal Ministry of Education’s Directorate of University Education

By Our Correspondent

The Minister of Education, Dr. Maruf Tunji Alausa, has called on Nigerian universities and the National Agency for Science and Engineering Infrastructure, NASENI, to bridge the divide between scholarship and the market by transforming campus inventions into enterprises, employment and real-world solutions that can power Nigeria’s economic renewal.

The Minister made the declaration during a briefing for Vice-Chancellors, Directors of Academic Affairs, Directors of Postgraduate Studies and officials of the Federal Ministry of Education’s Directorate of University Education. The meeting focused on a proposed partnership model through the NASENI Campus. He said the model is designed to link researchers with state-of-the-art laboratories, prototyping hubs, industry players and funding sources, creating a clear route for ideas to travel from the lab bench to commercial use.

According to Dr Alausa, Nigeria must intentionally shift from pure research to commercial rollout if it wants to get full value from its people. He warned that research should not stop at journal articles or demonstration models. Citing the innovation cluster around Cambridge, Massachusetts as a reference, Dr. Alausa said Nigerian academics should be able to secure patents for their work, scale those inventions into sellable goods, and team up with investors to launch sustainable firms. That, he noted, is how intellectual capacity becomes tangible national progress.

To deliver this, he urged NASENI to deepen ties with universities located near its development centres. Universities, he said, hold a large reservoir of researchers, lecturers and students whose skills can strengthen the agency’s mandate. NASENI, he added, can fill the critical gap between academic work and business success by assisting with patent applications, linking innovators to venture capital, and helping to set up spin-off companies. He also tasked the agency to look into lithium refining and battery production as Nigeria ramps up renewable energy and industrial growth.

Reiterating government backing, Dr. Alausa said the Ministry will keep working with NASENI, universities and other partners to build a working pipeline from research and innovation through to investment, manufacturing and job creation.

Under President Bola Ahmed Tinubu’s Renewed Hope Agenda, he stressed, the goal is not just to generate more research papers, but to ensure Nigeria’s knowledge, skills and inventions become products, companies, jobs and lasting prosperity for citizens.

Earlier, the Executive Vice Chairman and Chief Executive of NASENI, Mr. Khalil Suleiman Halilu, outlined the agency’s push to close the gap between research and manufacturing, in line with President Bola Ahmed Tinubu’s directive to go beyond prototypes and reach full production. He said the planned NASENI Campus will sit inside a 100-hectare free trade zone and function as a fully integrated ecosystem where scholars, professors, prototyping units, industries and commercial pathways operate side by side. Several factories and industrial plants are already set up within the zone.

Giving a practical example, the Vice-Chancellor of the University of Abuja, Professor Hakeem Babatunde Fawehinmi, said the school’s current collaboration with NASENI shows what the model can achieve. The partnership has delivered an integrated agricultural incubation centre, greenhouse units, automated poultry systems and tissue culture laboratories that serve both undergraduate and postgraduate research. He added that the university is prepared to expand the work into dairy science and renewable energy.

Also highlighting market-ready research, the Vice-Chancellor of Bayero University, Kano, Professor Haruna Musa, said BUK is pursuing wider cooperation with NASENI in nanotechnology, vaccinology, toxinology and mathematical modelling. He revealed that two BUK projects have reached the final phase of NASENI’s research commercialisation grant scheme. The projects are a reusable sanitary pad and the industrial production of starch derivatives from sweet potatoes.

Continue Reading

Business & Economy

Africa’s mineral wealth must not cost human lives — Ministers’ Group warns after Zamboye disaste

Published

on

By

Dr. Dele Alake,

By Correspondent
The African Minerals Strategy Group, (AMSG), has disclosed that the collapse of an artisanal gold mine in Zamboye, Central African Republic, which reportedly killed more than 100 miners, as a “profound tragedy” that should trouble the conscience of the continent.
In a press statement signed by its Chairman, Dr. Dele Alake, the group said the victims were not just statistics but “brothers, fathers, uncles, sons and indeed, bread-winners.”
“On behalf of the African Minerals Strategy Group, I extend my deepest condolences to the Government and people of the Central African Republic, (CAR) and most especially to the families who have lost loved ones in this terrible disaster. We stand in solidarity with them at this moment of grief,” Alake stated.

He, however, said condolences alone were not enough, stressing that the disaster must force African countries to confront the dangers of illegal and unregulated mining.
According to him, illegal mining has not only deprived African countries of legitimate revenues and damaging the environment, but it has also facilitated illicit trafficking of mineral resources and putting lives at grave risk.

“This tragedy is again, a painful reminder that behind every statistic about illegal mining are human beings—young men and women trying to earn a living, support their families and escape poverty,” he said.
Alake emphasized that “no mineral is valuable enough to justify the loss of a human life.”
The AMSG Chairman called for a dual approach: firm enforcement of laws against illegal mining and criminal networks, and the creation of legal, safe and productive pathways for artisanal and small-scale miners.

“The African Minerals Strategy Group will continue to advocate a continental approach that strengthens regulation, improves mine-safety standards, promotes responsible formalisation of artisanal and small-scale mining, protects mining communities and ensures that Africa’s mineral wealth translates into decent livelihoods rather than preventable deaths,” he said.
He warned that the Zamboye incident must not become “another statistic that we mourn today and forget tomorrow.
“Africa’s mineral revolution must be a revolution that values both the mineral beneath our soil and the human life above it. We owe the victims of Zamboye more than our condolences. We owe them action,” Alake added.
Artisanal mining employs millions across Africa but remains largely unregulated, with frequent accidents, child labour, and environmental damage reported in mining communities.
Stakeholders said formalising the sector through training, access to finance, safety equipment, and designated mining zones could save lives and increase government revenue.
The AMSG is a continental body of African Ministers responsible for mineral resources, set up to coordinate policy and ensure Africa benefits optimally from its mineral wealth.

Continue Reading

Business & Economy

Tinubu’s new tax break sparks a $50 billion offshore rush

Published

on

By

President Bola Ahmed Tinubu

By Our Correspondent

In abid to enhance the nation’s revenue earnings,President Bola Tinubu just signed the Deep Offshore Oil and Gas Project Incentives (Tax Remission) Executive Order 2026, and it’s designed to do two big things at once: pull in up to $50 billion in fresh capital and add roughly one million barrels per day of crude and condensate from Nigeria’s deepwater fields.

Speaking Tuesday on NTA with Cyril Stober, Engineer Enorense Amadasu, Executive Commissioner for Development and Production at the Nigerian Upstream Petroleum Regulatory Commission, represented the Commission Chief Executive.

Amadasu said the order sets up a clear, rules-based investment structure built for the next wave of deep offshore projects. The goal is to cut red tape so international oil companies can move from plan to payout faster.

Right now Nigeria produces about 1.7 million barrels per day of crude and condensate. Deep offshore still plays a smaller role: around 24% of total oil output and 19% of gas.

Amadasu credited the President for steering the sector forward.
“We are on the right path all thanks to Mr. President. It will be a huge leap. As of today, we have mined over 4.6 billion barrels from deep offshore assets. In cargo terms that is over 5,000 tankers,” he said. He added that the new framework now opens more room for growth in deepwater.

The volumes won’t appear from nowhere. Nine projects already have Field Development Plans worth billions approved by NUPRC. The next milestone is Final Investment Decision, and the EO is meant to speed that up.

“So, where will these volumes be coming from? Nine of these projects have approved FDPs so the next step expected is the FID in the near to midterm. The $10bn Bonga South will come in 2027 and within the next four to five years, we are expecting almost an additional one million barrels additional per day,” Amadasu stated.

The order isn’t just about wells. Amadasu pointed to the wider marine economy. To handle the coming surge, Nigeria will need to expand its logistics and marine base to support deepwater operations.

The broader ambition: position Nigeria as the go-to regional center for deep offshore projects in West Africa.

According to the Executive Commissioner, the incentives also deliver: Bigger reserves;:more oil and gas booked for the future,Technology and skills transfer, new expertise coming into local teams .New jobs, employment across drilling, services, and support industries.

In a statement issued by Head, Media and Corporate Comm, Eniola Akinkuotu the 2026 EO ties tax relief to tangible output, with $50bn in investment, 1 million bpd more production, nine shovel-ready projects, and a push to make Nigeria’s deepwater the hub for the region

Continue Reading

Latest

Business & Economy6 hours ago

Alausa To Universities, NASENI: Move Lab Breakthroughs to Factories, Jobs,wealth

By Our Correspondent The Minister of Education, Dr. Maruf Tunji Alausa, has called on Nigerian universities and the National Agency...

General News6 hours ago

You Are A Disappointment Umahi Tells Benin- Asaba Expressway Way Concessionaire …you should have been arrested for destruction of public assets

By Correspondent Visibly angry with the poor state of work at the construction site of the Benin-Asaba Express way on...

Entertainment17 hours ago

Gov Fubara Felicitates Muslim Faithful on Eid Ul Mawlid

By George Mgbeleke Governor of Rivers State, Sir Siminalayi Fubara, has extended warm felicitations to the Muslim faithful in Rivers...

Law & Crime18 hours ago

HURIWA Raises Alarm Over Ufoma Immanuel’s Health, … Demands Immediate Hospital Transfer ….Says Court Order Must Not Be Treated as a Suggestion

By George Mgbeleke The Human Rights Writers Association of Nigeria (HURIWA) has raised the alarm over the continued detention of...

Politics18 hours ago

2027 Polls: APC Has A Lot To Tell Nigerians As Achievements – Akpabio

By George Mgbdleke President of the Senate, Godswill Akpabio has revealed the ruling All Progressives Congress (APC) government, led by...

Religion18 hours ago

PFN S/S To Partner New CAN Chair On Food Security In Bayelsa

By David Owei, Yenagoa – The Pentecostal Fellowship of Nigeria (PFN) South-South Zonal Directorate of Agriculture and Empowerment has congratulated...

Law & Crime19 hours ago

IYC is committed to Peaceful Resolution to Eruani, Daukoru Dispute– Ayebakuro Igbeta Itari Esq

By David Owei The Ijaw Youth Council (IYC) Worldwide says it remains committed to securing a peaceful resolution to the...

Politics20 hours ago

HURIWA Asks Defence Ministers To Quit Tinubu’s Campaign Council, Focus on Insecurity

By George Mgbeleke The Human Rights Writers Association of Nigeria (HURIWA) has called on the Minister of Defence General Christopher...

Politics1 day ago

Ex-Liberian President, Weah Demands Independent Judiciary To Safeguard Nigeria’s Democracy …As Gov Fubara Urges Judges To Consider Overall Impact Of Judgments On Polity

By Our Correspondent Former President of Liberia, Mr. George Weah, has called for an independent judiciary as the bedrock for...

Politics1 day ago

Niger APC flagbearer pledges to address youth restiveness, other social vices in Minna if given mandate

BY UTHMAN BABA-NASEER, MINNA The House of Representatives flagbearer of the All Progressive Congress (APC) for Chanchaga Federal Constituency in...

Trending