PS FMMBE Partners with Coronation Group for Marine Development

On Thursday, 6th August 2026, Mrs. Fatima Sugra Tabi’a Mahmood, the Permanent Secretary of the Federal Ministry of Marine and Blue Economy, expressed the Ministry's commitment to forming strategic partnerships and utilizing innovative financing to develop Nigeria's marine and blue economy. During a courtesy visit from Coronation Group in Abuja, she emphasized the need for sustained investment and long-term financing to implement the Ministry's programs effectively.

Mahmood directed the Ministry's relevant department to review Coronation Group's financial proposals for potential collaboration, including syndicated financing for major infrastructure projects. Mr. David Aluko, a Director at Coronation Group, presented the Group's financial services portfolio, including its ₦20 billion Infrastructure Development Fund aimed at financing critical infrastructure projects.

He highlighted the Group's ability to mobilize long-term capital and support government initiatives through regulated financial instruments. This meeting is part of the Ministry's broader strategy to attract sustainable investments and enhance the competitiveness of Nigeria's marine and blue economy.