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Oyetola Woos India On Maritime Trade Investment

By Obiabin Onukwugha

Minister of Marine and Blue Economy, Adegboyega Oyetola, has called on the Indian government to consider investment in Nigeria’s maritime sector.

Oyetola made the call at the Nigeria-India Trade Forum, which held in Abuja, on Tuesday.

The Minister in a post on his verified X handle, yesterday, said the collaboration will unlock new investment opportunities in the area of Port infrastructure & operations, Deep-sea ports & shipyards, Blue economy & tourism, and Agro exports & cargo transport

He said: “Building on our shared maritime heritage and vast coastlines, we can achieve a promising ROI for both nations. Together, let’s harness the potential of the blue economy and create a sustainable future for generations to come!”

Meanwhile, a statement signed by the Director of Press and Public Relations, Ministry of Marine and Blue Economy, Olujimi Oyetomi, indicated that the Federal Government and India have worked out strategies to strengthen bilateral relations between both countries, especially on economic development and attracting more investments in the blue economy.

It stated that Oyetola, expressed optimism about the potential collaboration between the two countries.

India is said to have $14bn worth of investment in Nigeria’s economy with such companies as Bharti Airtel, Tata, Stallion Motors, Churchgate and Indorama, amongst others.

 

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