Blue economy summit to drive investment – Kosoko

Chief Executive Officer of the Marine Innovations Hub, Princess Ronke Kosoko, has called for urgent action to unlock Nigeria’s Blue Economy, saying it is critical to achieving President Bola Ahmed Tinubu’s $1 trillion GDP target. She spoke in Abuja at the Blue Economy Investment Summit Media Parley ahead of the main summit scheduled for March 2026. Kosoko said Nigeria’s Blue Economy contributes less than three per cent to GDP despite its 850-kilometre coastline, stressing that the summit would focus on execution rather than rhetoric. According to her, key areas include port efficiency, shipbuilding, fisheries, tourism, financing, youth employment and gender inclusion, with the goal of mobilising large-scale investments and creating millions of jobs. She praised the Minister of Marine and Blue Economy, Adegboyega Oyetola, for prioritising stakeholder engagement, port reforms, human capital development and private-sector collaboration to reposition Nigeria as Africa’s leading maritime hub.

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