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Monday, April 14, 2025

Institute urges FG to unlock blue economy with strategic policies

He said there is need for a comprehensive overhaul of moribund assets to stimulate economic activity.

• April 13, 2025
President Bola Tinubu (Credit: Presidency)
President Bola Tinubu (Credit: Presidency)

The Institute of Export Operations and Management, has called on the federal government to activate strategic investment policies aimed at unlocking the full potential of Nigeria’s blue economy.

The institute’s secretary, Ofon Udofia, made the appeal on Sunday in Port Harcourt.

Mr Udofia spoke during a dinner marking the end of the 2025 Correspondents’ Week of the Nigeria Union of Journalists (NUJ), Rivers chapter.

He noted that the federal government’s ‘30 per cent rebate policy’, a tax reduction on basic goods, could significantly boost import businesses and revive the underutilised capacities of Eastern ports if effectively implemented.

He expressed concern over the poor state of infrastructure in the Eastern ports–Calabar, Port Harcourt, Onitsha, Onne, and Warri.

According to Mr Udofia, there is need for a comprehensive overhaul of moribund assets to stimulate economic activity in the region.

Mt Udofia, who highlighted the vital role journalists could play in trade promotion, encouraged media practitioners to explore entrepreneurial opportunities within the export value chain.

“Journalists are uniquely positioned to thrive in the export sector due to their strong research skills, particularly in brokerage and intercontinental trade,” he said.

“There are many Nigerian products that are highly valued and sought after abroad.

“I challenge you to align your reporting with the export environment, as your stories can attract investors and business partners,” he said.

Earlier, Ameachi Okonkwo, chairman of the NUJ Rivers Correspondents Chapel, underscored the importance of consistent media coverage of the blue economy and pressing issues in the maritime sector.

He said such consistency was bound to spur economic growth in the Niger Delta and beyond.

“Rivers holds vast potential capable of driving the blue economy. I urge us not to relent in using our stories to spotlight this opportunity,” he said.

(NAN)

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