By Faridat Salifu
Nigeria’s coastal and marine resources could become a major driver of economic diversification if properly developed, experts have said.
Stakeholders in the maritime and environmental sectors noted that the country’s oceans present opportunities in fisheries development, marine tourism, renewable energy and ocean-based biotechnology.
They explained that harnessing these opportunities through sustainable policies could help create jobs while improving livelihoods in coastal communities.
According to the experts, developing the blue economy requires stronger investment in marine research, environmental protection and modern infrastructure that supports ocean-based industries.
They also stressed the need for policies that balance economic use of marine resources with conservation efforts to prevent environmental degradation.
Participants at the forum emphasised that sustainable ocean management could strengthen food security, expand trade and provide new revenue streams for the national economy.
They added that improved coordination between government agencies and private investors will be essential to unlock the full potential of Nigeria’s marine economy.