Harnessing Marine, Blue Economy Potentials Will Boost Sector’s Contributions to GDP, Says NSC Boss
BARR AKUTAH
By Francis Ugwoke
The Executive Secretary of the Nigerian Shippers’ Council (NSC), Barr Pius Akutah, has said that the harnessing of the potentials of the marine and blue economy will boost sector’s contributions to the Gross Domestic Products (GDP).
Akutah said he is optimistic that the recent moves by the Ministry which signed performance bonds with agencies, will grow the economy of the sector.
He explained that the Ministry of Marine and Blue Economy is specifically on the mission of looking at marine resources and how it can be developed as “another earner of foreign exchange for the country”.
He told members of the League of Maritime Editors (LOME) during a recent visit that the focus of the present administration has shown that of determination to diversify the economy.
Akutah pointed out that economies of some countries have improved tremendously as a result of the development of their maritime resources.
He said, “ If you look at sardines, geisha or one of those products you will see written on it, product of Morocco. And they do not have enormous marine resources as we have in this country. But they are using that as a major income earner for their country and they are using the resources to develop their country. Look at their energy sector, they have gone so far. And this is their major income earner. So, the President is determined to look at the marine sector as one sector that will add to our GDP by so much”.
He disclosed that the Marine and Blue Minister hinted the National Assembly of the sector’s increased contribution to the GDP.
Akutah added, “And that is what all of us as agencies in the sector are working towards achieving after signing the performance bonds with the minister. As it applies to the council, our priority is to do everything that will grow the economy”.
The Executive Secretary of the Nigerian Shippers’ Council (NSC), Barr Pius Akutah, has said that the harnessing of the potentials of the marine and blue economy will boost sector’s contributions to the Gross Domestic Products (GDP).
Akutah said he is optimistic that the recent moves by the Ministry which signed performance bonds with agencies, will grow the economy of the sector.
He explained that the Ministry of Marine and Blue Economy is specifically on the mission of looking at marine resources and how it can be developed as “another earner of foreign exchange for the country”.
He told members of the League of Maritime Editors (LOME) during a recent visit that the focus of the present administration has shown that of determination to diversify the economy.
Akutah pointed out that economies of some countries have improved tremendously as a result of the development of their maritime resources.
He said, “ If you look at sardines, geisha or one of those products you will see written on it, product of Morocco. And they do not have enormous marine resources as we have in this country. But they are using that as a major income earner for their country and they are using the resources to develop their country. Look at their energy sector, they have gone so far. And this is their major income earner. So, the President is determined to look at the marine sector as one sector that will add to our GDP by so much”.
He disclosed that the Marine and Blue Minister hinted the National Assembly of the sector’s increased contribution to the GDP.
Akutah added, “And that is what all of us as agencies in the sector are working towards achieving after signing the performance bonds with the minister. As it applies to the council, our priority is to do everything that will grow the economy”.
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