Blue economy is Nigeria's next gold mine, with a $296 billion benefit, according to DG

Nigeria's potential in the blue economy could serve as a viable alternative to its heavy dependence on crude oil if effectively utilized, according to Dr. Olusola Odusanya, the Director-General of the National Centre for Technology Management (NACETEM). 

Commending the establishment of a dedicated ministry by the administration of President Bola Tinubu to drive the development of the blue economy and marine resources, Odusanya highlighted the vast untapped opportunities in Nigeria's blue economy, estimated at $296 billion by the Nigerian Maritime Administration and Safety Agency (NIMASA). 

He emphasized that sustainable exploitation of these resources could lead to job creation, improved food security, tourism, infrastructure development, and green energy. 

Odusanya also advocated for the introduction of 'single fishery resources' with the aid of technology and expressed the agency's commitment to supporting the current administration's eight-point agenda. 

NACETEM aims to train middle and high-level manpower in the science, technology, and innovation sector.