Nigeria made a compelling pitch to global investors at the 2025 London International Shipping Week, urging them to tap into the vast potential of its marine and blue economy as a catalyst for Africa’s economic growth.
Speaking at the Africa Maritime and Shipping Assembly at the International Maritime Organisation (IMO) 3 was on September 18, 2025, Minister of Marine and Blue Economy Adegboyega Oyetola, represented by NIMASA Director General Dayo Mobereola, showcased Nigeria’s maritime sector as a prime investment destination.
Oyetola highlighted ongoing reforms, including port modernization, enhanced maritime security, and sustainable shipping initiatives. He credited the Deep Blue Project for eradicating piracy in Nigerian waters and significantly reducing incidents across the Gulf of Guinea, bolstering the region’s appeal to investors.
“Our maritime sector is undergoing a transformation, offering long-term opportunities for growth and collaboration,” he stated, emphasizing Nigeria’s strategic role in regional trade.
The minister called for harmonized maritime regulations across Africa to support the African Continental Free Trade Area (AfCFTA), noting that inconsistent rules continue to impede intra-African trade.
He also rallied support for Nigeria’s bid for a Category C seat on the IMO Council for 2026–2027, underscoring the country’s commitment to global maritime standards.
The pitch resonated at the event, with attendees praising Nigeria’s progress.
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