In case someone is wondering what is the “Blue Economy” is all about? As there’s a ministerial portfolio that covers that now.
The World Bank defines the *Blue Economy* as the “sustainable use of ocean resources to benefit economies, livelihoods and ocean ecosystem health”.
Blue Economy Activities include:
- Maritime shipping
- Fishing & aquaculture
- Coastal tourism
- Renewable energy
- Water desalination
- Undersea cabling
- Seabed extractive industries & deep sea mining
- Marine genetic resources
- Biotechnology
The Blue Economy is estimated to be worth more than $1.5 trillion per year globally. It provides over 30 million jobs and supplies a vital source of protein to over 3 billion people.
Enacting laws and enhancing the potentials surrounding the Marine and Blue Economy is the next big thing Nigeria Government led by President Asiwaju Bola Ahmed Tinubu shouldn’t take with levity in achieving and fulfilling the Renewed Hope Agenda.
Credit: Capt Dosunmu Adebayo Olaobaoluwaju Kamorudeen, MD/CEO Dosunmu Oil and Gas Ltd / Meridian Marine and Energy Ltd
