Minister of Transportation and Blue Economy, Adegboyega Oyetola, has lauded House of Representatives Committee on Shipping Services for supporting advancment of Nigerian Shipping and Port Economic Regulatory Agency Bill.
Oyetola, who said this when members visited the ministry on oversight yesterday, said the House backing was critical.
He noted the need for continued collaboration to harness potential of the blue economy.
The minister highlighted significance of blue economy as a key driver for economic growth and reiterated the government’s commitment to creating enabling frameworks for its development.
Chairman of the committee, Abdussamad Dasuki, reaffirmed their dedication to fostering a robust partnership with the ministry.
Dasuki noted the legislative role in shaping Nigeria’s maritime policies and ensuring sustainable growth.
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“Our meeting focused on strengthening collaboration, particularly on the bill, which has been passed by National Assembly. We reviewed policy frameworks developed by the ministry to support blue economy agenda,” he said.
Dasuki underscored the strategic importance of blue economy in diversifying Nigeria’s revenue base and creating employment opportunities.
He said the committee was commited to ensuring legislative alignment with the ministry’s objectives.
“This was an opportunity to put heads together and identify areas for mutual support. The committee remains steadfast in its resolve to support the ministry’s efforts to grow maritime and, by extension, the national economy,” he said.
The meeting marks another milestone in the ministry’s drive to solidify partnerships with legislative bodies to advance the maritime sector.
Both parties acknowledged the role of legislative backing in establishing policies to transform the industry and enhance global competitiveness.
Nigerian Shipping and Port Economic Regulatory Agency Bill, a cornerstone of the discussions, seeks to address gaps in the sector by creating a regulatory framework that fosters efficiency and economic growth.