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Properly Harnessed Blue Economy ‘ll Unlock Africa’s Potentials ,Says Peterside


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Dr Dakuku Peter side making his presentation in Egypt

Turnaround expert and an independent maritime consultant, Dr Dakuku Peterside, says sustainable development of the African maritime sector is crucial to unlocking the potentials of the continent and making it a huge contributor to the world economy.

Peterside made this submission at the Agenda For African Development Senior Managers Forum on Environmental Management System in African Seaports at the Arab Academy for Science, Technology and Maritime Transport in Alexandria, Egypt.
Participants were drawn from 15 African countries, with funding from the Egyptian Agency of Partnership for Development (EAPD).
Revealing statistics that Africa accounts for less than 3% of global trade and just about 15% intra-African trade compared to Europe (68%), Asia (58%), North America (48%), and Latin America (20%), he argued that African leaders under the auspices of Africa Union (AU) must quickly activate the African Continental Free Trade Area (AfCFTA) aimed at boosting intra African trade.
The immediate past Director General /CEO of Nigerian Maritime Administration and Safety Agency (NIMASA) noted that with the United Nations Economic Commission for Africa (UNECA) estimating that AfCFTA could boost intra African trade by up to 33% and cut trade deficit by 51%, time was of essence in promoting trade.
According to him, “This increase in trade will lead to higher demand for maritime transport, create new market opportunities and spur investment in port infrastructure.”
While stressing that the maritime sector will play a key role, he argued that it would involve tackling issues such as strengthening governance, improving infrastructure, investment in human capital, and improving the operating environment.
The former chairman of Association of African Maritime Administrations (AMAA) added further that for the maritime industry to play its role as facilitator of growth in the continent, there is the need to fast track its development and sustainability anchored on the environment, society and economy.
Peterside revealed that developing a sustainable African maritime industry entails concise policy and sustained commitment to implementation, governance structure, robust monitoring and enforcement regime, conducive operating environment, investment in technology, digitalization, automation and innovation, among others.
He summed up by saying that “achieving a sustainable African maritime industry requires a holistic approach and long-term commitment from governments, industry leaders, and society at large.
“It is a complex challenge but with collective effort and innovative solutions, such as an articulated road map, effective governance structure, digitalization, decarbonization, sustainable energy, environmental sustainability and international partnership; it is possible to minimize the negative impacts of maritime activities on the environment while fostering economic growth. These keys are interconnected and must be pursued collectively to unlock the full potential of a sustainable African maritime sector.”
Dr Peterside will, in October, be the guest of the Government of Tanzania.

 

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Ismail Aniemu

Ismail Aniemu, Publisher of JournalNG and ghost writer, is a maritime journalist of over two decades' of practice with multidisciplinary background. He holds a masters degree in Transport Management from Ladoke Akintola University of Technology(LAUTECH) with bias for logistics. He is also an alumnus of the Times Journalism Institute where he obtained a post graduate diploma in Journalism. Email: ismail.aniemu@aol.com

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