The Administrator of Rivers State, Vice Admiral Ibok-Ete Ibas (rtd), has emphasized the need for innovation-driven strategies, strategic partnerships, and firm policy implementation to fully harness the vast potential of the blue economy.
Speaking during a courtesy visit by participants of Study Group 7 of the Executive Course 47 from the National Institute for Policy and Strategic Studies (NIPSS) at the Government House, Port Harcourt, Ibas highlighted the importance of diversifying Nigeria’s economy beyond oil by leveraging maritime resources to create jobs, enhance food security, strengthen climate resilience, and generate sustainable revenue.
He noted that with coordinated efforts and innovative solutions, the blue economy could catalyze inclusive growth, economic stability, and long-term environmental sustainability.
“It is estimated that a fully developed blue economy could generate over $296 million annually for Nigeria, spanning fisheries, shipping and logistics, marine tourism, offshore renewable energy, aquaculture, biotechnology, and coastal infrastructure,” he stated.
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“We must transition from extractive practices to regenerative, inclusive, and innovation-driven solutions.
“This requires political cohesion, intergovernmental collaboration, robust infrastructure, and institutional capacity, all of which must be pursued with urgency and intentionality,” the administrator said.
Ibas urged sub-national governments, particularly coastal states, to domesticate the national blue economy framework and develop tailored strategies that reflect their comparative advantages.
He stressed that such efforts must be guided by disciplined planning, regulation, and investment to maximize the sector’s potential.
Highlighting Rivers State’s pivotal role, Ibas outlined its strategic advantages, stressing that the state has nearly 30 percent of Nigeria’s total coastline, and producing over 40 percent of Nigeria’s crude oil and gas.
He added that Rivers State produces more than 33 percent of the country’s GDP and foreign exchange earnings, having 416 of Nigeria’s 1,201 oil wells, many located in marine environments, in addition to two of Nigeria’s largest seaports, two oil refineries, and the Nigerian Liquefied Natural Gas (NLNG) terminal in Bonny Island, one of Africa’s most advanced gas facilities
Despite these opportunities, the administrator acknowledged challenges such as pollution, coastal erosion, illegal oil refining, unregulated fishing, inadequate infrastructure, and maritime insecurity.
Ibas reaffirmed his administration’s commitment to institutional reforms, coastal zone management, and inter-agency collaboration to build a governance structure that supports a sustainable blue economy.
“Sustainability must be embedded in our development models from the outset, not as an afterthought.
“We are actively exploring partnerships in maritime education, aquaculture development, port modernization, and renewable ocean energy.
“We welcome knowledge-sharing engagements like this to refine our strategies and enhance implementation,” he said.
He urged the NIPSS delegation to ensure their findings translate into actionable recommendations that address the sector’s challenges.
Leader of the delegation, Vice Admiral A.A. Mustapha, explained that the visit aligns with their strategic institutional tour mandate with the theme: “Blue economy and sustainable development in Nigeria: Issues, challenges, and opportunities.”
“The group is engaging stakeholders to deepen understanding of policy efforts and institutional roles in advancing sustainable development through the blue economy,” he said.
