The Federal Government, through Minister of Marine and Blue Economy Adegboyega Oyetola, implemented major reforms in 2025 that have revitalized Nigeria’s maritime sector, unlocking long-standing constraints and positioning it as a key driver of economic growth. According to Oyetola’s Special Adviser, Dr. Bolaji Akinola, the minister’s initiatives have improved port efficiency, restored international standing, and created new investment opportunities.
Notable achievements include resolving the Apapa gridlock, which for over 20 years disrupted trade in Lagos, reducing cargo dwell time and logistics costs, and enabling smoother operations. Nigeria also returned to the International Maritime Organisation Council after a 14-year absence, strengthening its influence in global maritime policy. The issuance of compliance certificates for the Bakassi and Ondo Deep Sea Ports, the launch of the Regional Maritime Development Bank, and activation of the Cabotage Vessel Financing Fund have opened long-awaited avenues for financing, local ship ownership, and port expansion.
In addition, Oyetola oversaw the approval of Nigeria’s first National Policy on Marine and Blue Economy, integrating shipping, fisheries, aquaculture, marine tourism, offshore energy, and environmental sustainability into a coherent national strategy. Enhanced maritime security under the Deep Blue Project has maintained zero piracy incidents, while fish production rose by 300,000 metric tonnes, reducing dependence on imports and boosting food security. Akinola emphasized that these reforms provide a solid foundation for sustainable growth, with the sector poised for accelerated expansion under Oyetola’s continued leadership.