In a move towards enhancing the ease of doing business, the Minister of Marine and Blue Economy, Adegboyega Oyetola, unveils plans for full automation and cargo tracking at Nigerian ports. This significant development aims to streamline operations and foster a more efficient business environment.
Oyetola, while hosting esteemed entrepreneur and sustainability expert, Prof. Gunter Pauli, emphasized the government’s commitment to diversifying the economy beyond oil. The creation of the Ministry of Marine and Blue Economy stands as a testament to this deliberate effort.
The Minister highlighted the imminent shift towards automation and cargo tracking, poised to revolutionize port operations within the next two years. This forward-thinking approach is geared towards increasing efficiency and modernizing cargo handling.
Collaboration with key stakeholders through Public Private Partnerships (PPP) is a cornerstone of the government’s strategy. This cooperative model aims to harness the abundant resources of the ocean sector for swift economic advancement, job creation, and ecosystem preservation.
Oyetola underscored the ocean’s pivotal role, contributing 70% of available resources. The government is committed to providing a conducive environment for businesses to thrive, with a strong focus on PPPs to unlock diverse opportunities.
Addressing concerns about security, Oyetola assured that Nigerian waterways have been safeguarded, with no piracy incidents recorded in the past two years. This assurance paves the way for investors to explore the wealth of opportunities within the maritime sector.
Professor Pauli, on his part, expressed eagerness to collaborate with the Ministry, aiming to introduce commercial and technological innovations that will stimulate job creation and attract both foreign and local investments. This partnership holds immense potential for empowering Nigerian youth and driving economic growth.