Nigeria Partners with World Bank to Boost Blue Economy

The Federal Government of Nigeria is partnering with the World Bank to accelerate its blue economy agenda. A high-level technical cooperation meeting was held to review progress and develop a coherent action framework for Nigeria's blue economy.

The framework aims to strengthen governance, improve maritime spatial planning, enhance data systems, and promote stakeholder engagement for long-term institutional coordination. Fatima Sugra Tabi Mahmood, the Permanent Secretary of the Ministry of Marine Blue Economy, commended the World Bank delegation, which included Marcelo Hector Acerbi and Yolanda Molar, for their technical assistance.

She expressed satisfaction with the advancements in data systems and analytical outputs. The focus is on identifying bankable projects capable of attracting financing from the World Bank and other international development partners.

The meeting emphasized the need to translate technical outputs into practical investment outcomes to drive the development of Nigeria's blue economy.