Osinbajo: Blue Economy Is New Frontier for Economic Devt
PROF OSINBAJO
*As FG seeks wider participation, explains blue economy not for lithoral states alone
By Our Reporter
The federal government on Monday sought wider participation in the blue economy, saying the project is not limited to lithoral states alone.
The Vice President, Prof Yemi Osinbajo said the project will create vista of opportunities for all and not just the lithoral states with waters and ports.
Osinbajo identified the ports, terminals, fishing, training, environment, tourism, power, oil and gas as areas needed for exploitation.
Speaking during the inaugural meeting of an Expanded Committee on Sustainable Blue Economy in Nigeria in Abuja, the VP said that wider participation of more stakeholders in the blue economy project will bring about a lot of benefits from the marine resources.
He however identified the challenges of sustainability, but tasked all the ministries, departments and agencies on the need to strengthen their collaborations by attending regular meetings to achieve maximum results.
He said, “There is no doubt that the blue economy is a new frontier for economic development and a means of diversifying the economy through the use of resources from oceans, seas, rivers and lakes for the well being of the people”.
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