Tuesday, July 21, 2026

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)

We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.

More from Peoples Gazette

farmers

Agriculture

FG tasks ECOWAS on leveraging financing strategies for agroecology

The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Katsina State

Politics

Katsina youths pledge to deliver over 2 million votes to Atiku

“Katsina State is Atiku’s political base because it is his second home.”

Young Progressives Party

Heading 5

2027: YPP unveils Lagos secretariat 

Mr Filani said the party was committed to rescuing Nigeria through purposeful leadership.

Yamal, Messi, Mbappe

Hot news Home top

Spain, Argentina, France top FIFA rankings 

Spain moved up one place to displace Argentina from the top spot.

Sokoto trains livestock farmers on artificial insemination

Agriculture

Sokoto trains livestock farmers on artificial insemination

Mr Abubakar said the initiative would strengthen breeders’ capacity.

NAFDAC nabs two fake alcohol merchants in Lagos

Heading 5

NAFDAC nabs two fake alcohol merchants in Lagos

He urged operators dealing in regulated products to comply with all NAFDAC regulatory requirements.

Police nab 147 suspected criminals in Lagos

Lagos

Police nab 147 suspected criminals in Lagos

The operatives targeted criminal hideouts across the state on Sunday, July 19, 2026.