Vice President Kashim Shettima has called for the maximisation of Africa’s blue economy projected to hit 405 billion dollars by 2030.
Shettima made the call during the 2024 International Maritime Conference, Reginal Maritime Exercise and Maritime Exhibition, among other activities held at Naval Dockyard, Victoria Island, Lagos.
The vice president represented President Bola Tinubu at the conference which was organised in celebration of the 68th Anniversary of the Nigerian Navy.
According to Shettima, the blue economy is estimated to be worth more than 1.5 trillion dollars per year globally and is projected to increase to 15.5 trillion dollars by 2050.
Shettima said that the attainment of a vibrant nation rested on a flourishing blue economy which also relied on the dedication of a progressive Naval force to create the enabling maritime environment.
Shettima commended the foresight of the Nigerian Navy in expanding the country’s maritime prospects through partnerships across African navies and coast guards.
