In its quest to further diversify its economy, the Federal Government of Nigeria has made the decision to explore resources worth $1.5 trillion in the Deep Blue Sea.
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| The United Nations Blue Economy contribute up to $1.5 trillion to the global economy |
The confirmation was made by Dr. Maureen Tamuno, Nigeria’s Ambassador to Jamaica and Permanent Representative on the ISA board.
According to the Secretary-General of the International Seabed Association (ISA), Michael Lodge, Nigeria will “reap a windfall” from the sea.
“The United Nations Blue economy contributes up to $1.5trillion to the global economy if effectively and sustainably managed, Nigeria stands to reap a windfall from this huge opportunity for Africa and African states,” he said.
Ahead of a two-day Africa Deep-seabed Resources workshop, which starts on Wednesday 5 October, 2022, while speaking, in Abuja, the Ambassador said, “the event will not only create needed awareness on the vast economic potentials in the deep-seabed but avail the country the avenue to tap into commercial businesses therein for sundry economic gains.
“Necessary apparatus is being made available to the MDAs and officials of the ISA who are in the country to hold discussions with experts from maritime and other fields essential to the realization of the government’s resource-based improvement objective.
“The officials led by the ISA Secretary-General, Michael Lodge, will today, together with some MDAs officials, visit the Maritime Academy, Oron, where the facilities will be assessed with a view to suggesting improvements on the curriculum of the academy.
“This proactive approach will ensure focus is placed on securing resources with low impacts on the environment.
“Nigeria is liaising with 53 other Africans in its quest to ensure the sustainable development of the deep sea resources of African countries as well as explore and exploit the resources for the benefits of the continent.”
