Marine and Blue Economy is the sustainable use of ocean resources for economic growth to improve livelihoods, and create jobs while preserving the health of marine and coastal ecosystems.
On August 21, 2023, President Bola Tinubu swore in his 45-member cabinet with a few new ministries, including the Ministry of Marine and Blue Economy.
The new ministry has the capacity to generate more than $1.5 trillion per year globally and will provide over 30 million jobs and supply a vital source of protein to over three billion people.
Here’s all you need to know about the new ministry expected to bolster Nigeria’s economy.
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