Ensuring safety on Nigeria’s territorial and coastal waterways is not just a regulatory obligation, but a crucial factor for economic growth, trade, and investment, according to the Minister of Marine and Blue Economy, Mr. Adegboyega Oyetola. At the Lagos International Maritime Week, Oyetola emphasized that safety is essential for securing Africa’s economic future and unlocking the potential of the blue economy. Without safety, businesses face risks, disruptions, and reduced investor confidence. Prioritizing safety creates a stable environment for commerce to thrive. Initiatives like the Deep Blue Project have significantly reduced maritime crimes, making Nigerian waters safer for businesses and trade.
Mrs. Tosan Edodo-Emore, Convener of the Lagos International Maritime Week, highlighted the importance of safety in realizing Africa’s blue economy. The use of new technologies, alternative fuels, and digitalization has transformed the shipping industry globally. Safety not only reduces crime but also facilitates trade, enhances competitiveness, and promotes economic growth. By prioritizing safety on our waters, we can open up new trade routes, strengthen logistics networks, and boost Africa’s position in the global maritime space.
Overall, safety is not just a rule to follow but a fundamental driver of economic success in the maritime sector.
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