Business

Tinubu Tasks African Leaders on Blue Economy, Says initiative Key to Africa’s Prosperity

…Emphasizes automation for maritime competitiveness

 

Asiwaju Bola Ahmed Tinubu 1
President Bola Tinubu

President Bola Ahmed Tinubu, has urged African leaders on the need to prioritize the Blue Economy stating that the concept holds the key to Africa’s prosperity.

-Advertisement- Place Your Advert Here

 

 

Tinubu while speaking at the 43rd Annual Council of the Port Management Association of West and Central Africa (PMAWCA) conference On Monday underlined the critical role of the Blue Economy in the collective prosperity of African nations, emphasizing that the sector holds immense potential for the entire continent.

 

-Advertisement- Place Your Advert Here

 

The President, who was represented by the Minister of Marine and Blue economy, Adegboyega Oyetola noted that Africa’s Blue Economy presents the continent with untapped opportunities for growth and development.

 

 

-Advertisement- Place Your Advert Here

He said “We must acknowledge the maritime sector as a central driver for the sustainable development of our nations.” He remarked

 

The President went on to stress the interconnectedness of African countries through their maritime endowments even as he discussed the formation of the Ministry of Marine and Blue Economy, which highlights the Nigerian government’s commitment to unlocking the potential of the Blue Economy.

ALSO READ -  AfCFTA: We Won't Compromise on Rules of Origin, Says Adeniyi, Customs CG

 

 

He pointed out that, despite national boundaries, the waters serve as a natural source of connectivity, emphasizing that the region’s shared destiny and challenges require collaborative efforts.

 

 

The President also underlined the significance of technological advancement in the sector. He emphasized that automation is crucial for maintaining the competitiveness of ports in the global maritime industry. He highlighted the importance of the Port Community System, which serves as a precursor to the implementation of the National Single Window, as essential tools in streamlining port operations.

 

“As a government that believes in the necessity of infusing information technology into public management to aid transparency and ease business processes, we are giving the Nigerian Ports Authority all the backing necessary to fast track the operationalization of the Port Community System,” Hedeclared.

 

He further pointed out that full automation is the way forward if African ports are to remain competitive on the international stage, echoing the sentiment that seamless and efficient cargo handling is vital for port competitiveness in the African context.

ALSO READ -  IOCs Given May 8 Deadline to Allow Stevedoring Companies on Their Platforms

 

 

Mohammed Bello Koko, the Managing Director/CEO of the Nigerian Ports Authority, while speaking earlier also echoed President Tinubu’s call for regional cooperation in the maritime sector.

 

He noted that the opportunities presented by the African Continental Free Trade Area (AfCFTA) are substantial while urging African leaders to work together to eliminate trade barriers and harness these opportunities for the collective prosperity of respective national economies

 

 

He said “The opportunities presented by the African Continental Free Trade Area (AfCFTA) are substantial. We must work together to eliminate trade barriers and harness these opportunities for the collective prosperity of our respective national economies,” Mr. Koko stated.

 

He praised the PMAWCA for its role in promoting ports’ cooperation and expressed the Nigerian Ports Authority’s commitment to partnership and support for policies and action steps that will be discussed during the conference.

 

He added that the 43rd PMAWCA conference, with its focus on the Blue Economy and the significance of regional cooperation, has set the stage for a crucial dialogue on how African nations can unlock the potential of their maritime resources.

ALSO READ -  Air Peace Commences Two Weekly Flights to Israel

 

He urged delegates from West and Central African countries, alongside international observers, to exchange ideas and insights, with the shared goal of enhancing trade facilitation and spurring economic growth in the region

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

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button