RateCaptain
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
Subscribe
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
RateCaptain
No Result
View All Result
Home Economy

UK and US Pledge Support to Boost Nigeria’s Marine and Blue Economy Ministry

Victoria Attah by Victoria Attah
October 4, 2023
in Economy
Reading Time: 2 mins read
A A
0
UK and US Pledge Support to Boost Nigeria’s Marine and Blue Economy Ministry
Share on FacebookShare on TwitterShare on WhatsappShare on Telegram

The governments of the United Kingdom and the United States have reaffirmed their commitment to collaborate with the Nigerian government in advancing the newly established Marine and Blue Economy Ministry, aiming to bolster economic growth in West Africa.

In separate meetings held on Tuesday, representatives from the UK and US governments conveyed their eagerness to support Nigeria’s efforts in harnessing the potential of its marine and blue economy sector. The discussions took place at the office of Nigeria’s Minister of Marine and Blue Economy, Adegboyega Oyetola, in Abuja.

AlsoRead

Nigerians Borrowed Record $3.18 Billion in Airtime Credit Last Year – Report

Nigeria’s External Debt Projected to Reach $72.6 Billion by 2027 – IMF

NGX Gains 0.53% as Airtel Africa and First Holdco Lead Market Rally

The US delegation, led by Ambassador Jessye Lapenn, Senior Coordinator for Atlantic Cooperation, expressed their willingness to provide technical assistance to the ministry, with a specific focus on driving Nigeria’s economic growth through this vital sector. Lapenn highlighted the importance of this partnership, noting that Minister Oyetola was the first person she visited after the ministerial meeting for Atlantic Cooperation, held on the sidelines of the 78th United Nations General Assembly in New York, convened by US Secretary of State, Anthony Blinken.

Ambassador Lapenn also mentioned that the two nations were exploring technology-driven solutions to address challenges within the Marine and Blue Economy sector.

On the other hand, the British delegation, led by Dr. Richard Montgomery, the British High Commissioner to Nigeria, expressed their government’s commitment to collaborating with Nigeria in combatting illegal fishing activities in Nigerian waters. Montgomery praised Minister Oyetola’s decision to pursue a Public-Private Partnership (PPP) approach to attract investments into the sector.

Dr. Montgomery further conveyed the British government’s readiness to share information and best practices with Nigeria, aiming to assist in the protection of its marine resources.

Minister Adegboyega Oyetola expressed his gratitude to both delegations for their visit and reiterated Nigeria’s dedication to fostering coastal tourism and creating a favorable business environment within the marine and blue economy sector. He affirmed Nigeria’s commitment to implementing the declarations of the Atlantic Cooperation initiative.

“We are committed to rehabilitating our ports for efficiency. I am particularly excited about the desire to partner with us to tackle the challenge of illegal fishing in our waters. We believe that marine fishing will support our economic growth and create job opportunities, especially for our youths. We will equally be leveraging the UK’s Blue Planet Fund, aimed at supporting developing countries like us to protect the marine environment and reduce poverty, especially now that there is a Ministry of Marine and Blue Economy in place in Nigeria,” Minister Oyetola added.

These collaborative efforts between Nigeria, the United Kingdom, and the United States hold the potential to drive economic growth, enhance sustainability in the marine sector, and create valuable employment opportunities, aligning with Nigeria’s vision for its burgeoning Marine and Blue Economy Ministry.

Tags: Blue EconomyCoastal TourismEconomic Growtheconomic opportunitiesEnvironmental Protection.Illegal FishingMarine ResourcesNigeria Marine EconomyPublic-Private Partnershipsustainable developmentUK CollaborationUS Partnership
Previous Post

Naira Faces Significant Depreciation in Q3 2023, Raising Concerns Over FX Stability

Next Post

Niger Enforces Suspension of Liquefied Petroleum Gas Exports to Nigeria

Related News

Nigeria’s MTN and Airtel Record N403.2 Billion Data Revenue In Q3, 2023

Nigerians Borrowed Record $3.18 Billion in Airtime Credit Last Year – Report

by Victoria Attah
June 15, 2026
0

Mobile subscribers across Nigeria and other parts of Africa took a total of $3.18 billion worth of airtime on credit...

IMF Applauds Tinubu Policy Reforms While Lowering Growth Projections

Nigeria’s External Debt Projected to Reach $72.6 Billion by 2027 – IMF

by Jide Omodele
June 10, 2026
0

The International Monetary Fund (IMF) has projected that Nigeria’s public external debt will rise sharply to $72.6 billion by 2027,...

Liquidity Crunch: Banking Sector’s Borrowing from CBN Surges to N12 Trillion.

NGX Gains 0.53% as Airtel Africa and First Holdco Lead Market Rally

by Jide Omodele
June 10, 2026
0

The Nigerian equities market extended its positive performance on Tuesday, closing higher by 0.53% amid renewed buying interest in major...

Oil Prices Reach $90 Following Supply Reduction by Saudi Arabia and Russia.

Nigeria’s Crude Oil Exports Climb to N11.2 Trillion in First Quarter of 2026

by Akpan Edidong
June 9, 2026
0

Nigeria recorded crude oil exports worth N11.20 trillion in the first quarter of 2026, reinforcing oil’s position as the country’s...

Next Post
Niger Enforces Suspension of Liquefied Petroleum Gas Exports to Nigeria

Niger Enforces Suspension of Liquefied Petroleum Gas Exports to Nigeria

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Liquidity Crunch: Banking Sector’s Borrowing from CBN Surges to N12 Trillion.

 Banks Generate N224.69 Billion from E-Banking and ATM Charges in Q1 2026

June 15, 2026

Elon Musk’s Wealth Crosses $1 Trillion Mark, Overtaking Nigeria’s Entire Economy

June 15, 2026

Popular Story

  • Liquidity Crunch: Banking Sector’s Borrowing from CBN Surges to N12 Trillion.

     Banks Generate N224.69 Billion from E-Banking and ATM Charges in Q1 2026

    0 shares
    Share 0 Tweet 0
  • Nigerians Borrowed Record $3.18 Billion in Airtime Credit Last Year – Report

    0 shares
    Share 0 Tweet 0
  • Elon Musk’s Wealth Crosses $1 Trillion Mark, Overtaking Nigeria’s Entire Economy

    0 shares
    Share 0 Tweet 0
  • Naira Depreciates by N5.08 Week-on-Week as Dollar Liquidity Tightens

    0 shares
    Share 0 Tweet 0
  • UK Inflation Eases Slightly in June 2023 Amid Falling Fuel Prices and Moderate Food Costs

    0 shares
    Share 0 Tweet 0

RateCaptain

We bring you the most accurate in new and market data. Check our landing page for details.

  • Home
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Disclaimer
  • Cookie Policy
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

No Result
View All Result
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

RateCaptain
Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}
?>