Nigeria’s coastline could be worth more than oil

Guardian Nigeria

Nigeria's 853-kilometer coastline is a sleeping giant! For too long, we've overlooked this immense natural resource, focusing inland while trillions lie untapped beneath the waves.   The recent Blue Economy Investment Summit in Abuja revealed a powerful truth: Nigeria's maritime sector holds a potential of up to $3 trillion. This isn't just a hopeful projection; the shift is already underway.   Maritime revenue has surged by an incredible 160%, leaping from $700 billion to $1.8 trillion in just one year. This massive growth signifies more than just impressive figures; it represents a vital transformation in trade and economic opportunity.   The Blue Economy offers a potential $300 billion boost to Nigeria's GDP. It's time to harness this wealth and stop leaving it at the bottom of the sea.   #NigeriaBlueEconomy #MaritimeNigeria #EconomicGrowth #UntappedPotential

Transcript

00:00The ocean might be Nigeria's biggest untapped asset with an 853-kilometer ocean coastline.

00:08The question is why have we looked inland for so long? At the recent Blue Economy

00:13Investment Summit in Abuja, one message stood out. Nigeria's maritime sector holds up to $3

00:20trillion in untapped potential and the shift has already begun. Maritime revenue

00:26jumped from $700 billion in 2023 to $1.8 trillion last year, which is a 160% increase.

00:36But this isn't just about revenue, it's about trade. The Blue Economy isn't just water,

00:41it is a potential $300 billion boost to GDP. Maybe it's time we stop leaving that wealth at the bottom

00:49of the sea.

00:56The Blue Economy

Category

Transcript

Comments

Recommended