Tinubu urges African leaders to prioritise blue economy for prosperity

Posted by Timige, On 6 Nov, 2023 | Updated On 6 Nov, 2023 No Comments »

President Bola Ahmed Tinubu has urged African leaders to prioritise the blue economy, stating that the blue economy holds the key to Africa’s prosperity.

Tinubu, while speaking in Lagos at the 43rd Annual Council of the Port Management Association of West and Central Africa (PMAWCA) conference on Monday, underlined the critical role of the blue economy in the collective prosperity of African nations, emphasising that the sector holds immense potential for the entire continent.

The President, who was represented by the Minister of Marine and Blue Economy, Adegboyega Oyetola, noted that Africa’s Blue Economy presents the continent with untapped opportunities for growth and development.

He said, “We must acknowledge the maritime sector as a central driver for the sustainable development of our nations.” He remarked

The President went on to stress the interconnectedness of African countries through their maritime endowments even as he discussed the formation of the Ministry of Marine and Blue Economy, which highlights the Nigerian government’s commitment to unlocking the potential of the Blue Economy.

He pointed out that, despite national boundaries, the waters serve as a natural source of connectivity, emphasising that the region’s shared destiny and challenges require collaborative efforts.

The president also underlined the significance of technological advancement in the sector. He emphasised that automation is crucial for maintaining the competitiveness of ports in the global maritime industry.

He highlighted the importance of the Port Community System, which serves as a precursor to the implementation of the National Single Window, as an essential tool in streamlining port operations.

“As a government that believes in the necessity of infusing information technology into public management to aid transparency and ease business processes, we are giving the Nigerian Ports Authority all the backing necessary to fast-track the operationalization of the Port Community System,” he declared.

He further pointed out that full automation is the way forward if African ports are to remain competitive on the international stage, echoing the sentiment that seamless and efficient cargo handling is vital for port competitiveness in the African context.

Mohammed Bello Koko, the Managing Director and CEO of the Nigerian Ports Authority, while speaking earlier, also echoed President Tinubu’s call for regional cooperation in the maritime sector.

He noted that the opportunities presented by the African Continental Free Trade Area (AfCFTA) are substantial while urging African leaders to work together to eliminate trade barriers and harness these opportunities for the collective prosperity of their respective national economies.

He said, “The opportunities presented by the African Continental Free Trade Area (AfCFTA) are substantial. We must work together to eliminate trade barriers and harness these opportunities for the collective prosperity of our respective national economies,” Mr Koko stated.

He praised the PMAWCA for its role in promoting ports’ cooperation and expressed the Nigerian Ports Authority’s commitment to partnership and support for policies and action steps that will be discussed during the conference.

He added that the 43rd PMAWCA conference, with its focus on the blue economy and the significance of regional cooperation, has set the stage for a crucial dialogue on how African nations can unlock the potential of their maritime resources.

He urged delegates from West and Central African countries, alongside international observers, to exchange ideas and insights with the shared goal of enhancing trade facilitation and spurring economic growth in the region.

Source: State Oyo - Tribune

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