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How Oyetola, Is Attracting Investments, Strengthening Security, and Advancing the Blue Economy

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………..Foreign Engagements Boost Nigeria’s Maritime Growth, Says Oyetola

Nigeria’s maritime sector is experiencing renewed global attention and investment, thanks to the strategic foreign engagements of the Minister of Marine and Blue Economy, His Excellency Adegboyega Oyetola. Since assuming office, Oyetola has embarked on a series of international trips aimed at transforming Nigeria’s marine economy, enhancing port efficiency, securing foreign direct investments (FDI), and strengthening maritime security.

Driving Foreign Investments in Port Infrastructure

One of the key outcomes of Oyetola’s engagements has been increased interest from global investors in Nigeria’s maritime infrastructure. His meetings with international port operators, shipping magnates, and financial institutions have opened discussions on modernizing Nigeria’s ports, improving logistics, and easing trade facilitation. These efforts align with the government’s push to make Nigerian ports globally competitive and reduce congestion, which has long hampered trade efficiency.

Strengthening Maritime Security Through Global Partnerships

With Nigeria’s waters frequently threatened by piracy, smuggling, and illegal fishing, Oyetola has leveraged his international visits to strengthen security collaborations with key global players, including the International Maritime Organization (IMO) and regional coast guard alliances. These partnerships are facilitating access to advanced maritime surveillance technologies, intelligence sharing, and capacity-building initiatives that will improve Nigeria’s ability to combat maritime crimes.

Advancing Nigeria’s Blue Economy for Sustainable Growth

Recognizing the untapped potential of Nigeria’s vast coastline, Oyetola has positioned the country as a rising player in the global blue economy. His foreign engagements have focused on learning best practices from leading maritime nations, including Norway, Singapore, and the UAE, in areas such as sustainable fisheries, marine tourism, and offshore renewable energy. By integrating these insights into Nigeria’s maritime policies, the minister is laying the groundwork for a diversified economy beyond oil dependence.

Global Benchmarking for Efficient Port Management

Oyetola’s visits to world-class ports have provided firsthand exposure to automation, trade facilitation, and logistics optimization. These lessons are being applied in ongoing reforms aimed at reducing bureaucratic bottlenecks, improving cargo clearance processes, and boosting Nigeria’s ease of doing business in the maritime sector. The goal is to transform Nigerian ports into efficient hubs that will attract more global shipping lines and logistics companies.

Expanding Export Markets for Nigerian Marine Products

Nigeria’s seafood and fisheries industry stands to benefit significantly from the minister’s foreign trips. Through engagements with trade partners and international regulatory bodies, Oyetola has been working to expand Nigeria’s access to global markets, particularly in Europe and Asia. His efforts are expected to drive compliance with international quality standards, increase seafood exports, and create more job opportunities in the fisheries sector.

Building Human Capacity Through International Collaboration

Foreign engagements have also facilitated training opportunities for Nigerian seafarers, shipbuilders, and port workers. The ministry is currently working on collaborations with top maritime academies to enhance skill development, technology transfer, and research in the marine economy. This will ensure that Nigeria’s workforce remains competitive in the evolving global maritime industry.

Under the leadership of His Excellency Adegboyega Oyetola, Nigeria’s marine and blue economy sector is witnessing a wave of transformation driven by strategic foreign partnerships. With increasing foreign investments, enhanced security frameworks, expanded export opportunities, and improved port efficiency, Nigeria is positioning itself as a major player in the global maritime space. As these efforts begin to yield tangible results, the country is on track to harness its vast maritime resources for economic growth, job creation, and national development.

By; Jamiu Omookose

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FEC Backs $2.99bn Rail Projects, Sets Stage for Power Sector Shake-Up

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… Lagos Green Line, Kano, Kaduna rail schemes to boost connectivity

… Tinubu to chair power sector task force as reforms gather pace

The Federal Executive Council (FEC) on Thursday approved a $2.99 billion package of rail infrastructure projects and the establishment of a Presidential Task Force on Power Sector Reform, in a move signalling a renewed push by the administration of President Bola Ahmed Tinubu to deepen infrastructure development and unlock economic growth.

Briefing State House correspondents after the Council meeting, the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, said the rail projects span key urban corridors and are designed to enhance mobility, reduce congestion, and stimulate regional commerce.

He listed the projects as the Lagos Green Line Rail, the Kano State Metro Rail, and the Kaduna State Rail project, noting that they have already been captured in the extended 2025 budget.

“The Federal Executive Council approved three transformative rail projects – Lagos Green Line, Kano State Metro Rail, and Kaduna State Rail project. These projects are to be sponsored by the Ministry of Finance Incorporated,” Oyedele said.

He explained that the approvals align with the administration’s broader infrastructure strategy, which prioritises rail transport as a cost-effective and sustainable alternative to road networks.

The Lagos Green Line is expected to complement existing mass transit systems in the commercial hub, while the Kano and Kaduna rail schemes are projected to boost passenger and freight movement across northern Nigeria, improving trade and economic activity.

In a related development, the Minister of Information and National Orientation, Mohammed Idris, announced the creation of a Presidential Task Force on Power Sector Reform, alongside key appointments aimed at strengthening governance in the electricity industry.

Idris said the Council approved the appointment of former Minister of Power, Lanre Babalola, as Special Adviser on Power to the President, to enhance coordination and policy oversight.

He disclosed that the President would chair the task force, with Babalola playing a central role in driving its activities.

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“The task force is part of renewed efforts by the administration to reposition the power sector as a critical driver of industrialisation and economic growth,” Idris said.

According to him, the decision followed the submission of a report by a presidential committee set up on March 4 to review the commercial and institutional framework for the proposed Grid Asset Management Company (GAMCO).

He noted that the task force brings together key stakeholders, including the Ministers of Finance, Power, Industry, Trade and Investment, Information, and the Attorney-General of the Federation, alongside regulators and representatives of electricity generation and distribution companies.

Idris said the body would focus on implementing far-reaching reforms to address structural bottlenecks in the sector, stressing that stable electricity supply remains central to Nigeria’s economic transformation.

He added that the government is committed to a comprehensive overhaul of the power sector to unlock industrial productivity and improve living standards.

The minister further disclosed that the FEC meeting was preceded by the swearing-in of a National Commissioner of the Independent National Electoral Commission (INEC) and four Permanent Secretaries.

He said President Tinubu administered the oath of office on retired Rear Admiral K. M. Marafa as INEC National Commissioner following her confirmation by the National Assembly.

Idris added that the Council deliberated on a 32-point agenda, reflecting what he described as the administration’s broad reform focus across critical sectors of the economy.

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Tinubu Fires Back at Critics: Exploiting Insecurity Won’t Stop My Second Term

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…directs action against sponsors of violence, backs Plateau peace committee

President Bola Ahmed Tinubu on Tuesday night declared that attempts by his political opponents to exploit insecurity to force him out of office would fail, insisting that he would not only remain in office but also seek a second term.

Speaking at the State House, Abuja, while receiving stakeholders from Plateau State, led by Governor Caleb Mutfwang, the President described himself as resolute in the face of political pressure.

“You are playing to the hand of agents, including my own enemies, who want to use insecurity to get rid of me. But I’m a very stubborn politician. I just refuse to go. And I will campaign for my second term,” Tinubu said.

The President warned that the Federal Government would move decisively against individuals found to be instigating or financing violence across the country, stressing that credible intelligence would be acted upon without delay.

“If you identify and you know the name of troublemakers, agents provocateur, who want to continue killing or instigate killing, let us know. We will use the instrument of office to deal with them,” he said.

Tinubu emphasised that security agencies stand ready to confront such threats once actionable information is provided, noting that the recurring cycle of violence must end.

In a move to strengthen peace efforts in Plateau State, the President also endorsed a newly constituted peace committee comprising former governors of the state, charging them to work collectively toward lasting solutions.

He directed the committee to review existing white papers on past conflicts and harmonise recommendations for implementation.

“Call one another. Ignore the Governor’s Committee if you have to, or incorporate them. Take that white paper, go through it among yourselves and agree to implement it.

“If the ones you have chosen before now are not working, you have to mix and amend membership. Forget those committees you mentioned to me, if it’s not working, it’s not working. Consider this group as the committee until we find a lasting solution,” the President said.

 

 

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Reps Give Nod to Tinubu’s $516.33m Loan Request for Sokoto-Badagry Highway

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The House of Representatives on Tuesday approved President Bola Tinubu’s request to secure a $516.33m loan from Deutsche Bank to finance Section I of the ambitious Sokoto-Badagry Superhighway project, a key infrastructure initiative under the administration’s Renewed Hope Agenda.

The approval followed the consideration of the President’s request by the Committee of Supply during plenary presided over by Speaker Tajudeen Abbas.

In a letter read on the floor of the Green Chamber, Tinubu described the Sokoto-Badagry Superhighway as a transformative national project aimed at connecting Nigeria’s far northwest to its southwestern coastline through an approximately 1,000-kilometre dual carriageway stretching from Illela in Sokoto State to Badagry in Lagos State.

The corridor is expected to pass through Sokoto, Kebbi, Niger, Kwara, Oyo, Ogun, and Lagos states, opening up major agricultural, commercial and industrial hubs across the country.

According to the President, the project was designed to stimulate economic growth by significantly improving the movement of goods and people across Nigeria’s northern and southern regions.

He said the highway will “improve north-south connectivity, safety and network performance on the corridor; reduce logistics costs and travel times by providing a continuous high-capacity expressway standard link to downstream markets and strengthen trade facilitation, food security and national cohesion through improved access between production zones, markets and ports.”

Tinubu further noted that the road project would “safeguard long-term intermodal flexibility by reserving the central median for future rail integration and accommodating utility corridors.”

The President explained that the funding arrangement involves a $516.33m facility from Deutsche Bank, backed by partial guarantee cover from the insurance arm of the Islamic Development Bank, while the Federal Government will provide counterpart funding of N265.54bn.

The counterpart contribution, he said, would cover land acquisition, compensation payments, and complementary infrastructure requirements.

Tinubu urged lawmakers to expedite legislative approval of the borrowing request in view of the strategic importance of the project to national development.

The Sokoto-Badagry Superhighway was conceived as one of Nigeria’s most expansive road infrastructure projects, intended to serve as an economic backbone linking the resource-rich northern corridor with major export gateways in the south.

Beyond easing transportation challenges, the superhighway is expected to boost agricultural supply chains, enhance regional trade, improve access to seaports, and attract investments in manufacturing, logistics and real estate along its route.

The project also aligns with broader government plans to modernise transport infrastructure and strengthen Nigeria’s competitiveness under the African Continental Free Trade Area framework.

Presenting the report of the House Committee on Aids, Loans and Debt Management, Abdullahi El-Rasheed, who represented the committee chairman, Abubakar Nalaraba, urged lawmakers to support the loan request, citing the project’s strategic economic value.

He said the highway would serve as a critical driver of development and improve long-term economic productivity.

Following deliberations, the House approved the borrowing request at plenary, paving the way for the commencement of the project’s first section.

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