July 17, 2025
Oyetola Signs Performance Bonds to Boost Marine and Blue Economy
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Oyetola Signs Performance Bonds to Boost Marine and Blue Economy

Oyetola Signs Performance Bonds to Boost Marine and Blue Economy

Nigeria’s Minister of Marine and Blue Economy, Adegboyega Oyetola, has signed performance bonds with heads of agencies under his ministry, marking a renewed push for growth in the marine and blue economy sector. The move, announced during a sectoral retreat in Abuja on Tuesday, reinforces the government’s commitment to implementing the recently approved National Policy on Marine and Blue Economy.

Oyetola described the retreat as a strategic opportunity to turn policy into results. He highlighted key priority areas including port infrastructure upgrades, improved maritime security, sustainable fisheries development, and environmental preservation.

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The retreat also served as a platform for collaboration and accountability, with Permanent Secretary Olufemi Oloruntola calling for measurable performance targets and stronger inter-agency coordination.

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