The Minister of Marine and Blue Economy, Adegboyega Oyetola has officially assumed office, outlining his vision for a thriving blue economy sector that prioritizes sustainability, innovation, and economic growth.
Oyetola, who said this at his maiden news conference held in the Ministry of Transportation, on Monday, also acknowledged the abundance of marine resources that exist within the coastal region and emphasized the need to fully harness them for economic gains.
The minister announced that at the global level Blue Economy is estimated at more than 1.5 trillion dollars annually, urging stakeholders to seize the opportunity and become a significant player in the industry.
Oyetola also called for collaboration and teamwork among all stakeholders and agencies, adding that teamwork would help maximize the benefits of Nigeria’s vast coastal resources.
He added that part of his vision is to ensure that inland rivers, lakes, and waterways are well utilized, both in terms of cargo shipment and passenger transportation.
He said: “I strongly believe in the power of collaboration, and dedication to service. The collaborative effort of a group to achieve a common goal can only be efficient and effective through team work. This is why I crave your indulgence that we must work as a team to deliver on our mandate. Let us work together to find innovative solutions to the challenges we face, ensuring that our oceans and marine life are safe, reliable, and sustainable.
“Our oceans cover more than two-thirds of our planet’s surface, holding the key to sustainable economic growth, environmental preservation, and technological innovation. As we look ahead, my vision is rooted in the responsible management and utilisation of our marine resources to benefit not only our economy but also the health of our planet.
“Experts say the Blue Economy is estimated to be worth more than 1.5 trillion Dollars per year globally. Therefore, given our size as a country and considering the size of our blue economy, we should be a significant player in this sector, so as to contribute immensely to the revenue generation of our country and also provide jobs for the unemployed.
“We must come up with practicable ways of ensuring that our inland rivers, lakes, and waterways are well utilised, both in terms of cargo shipment and passenger transportation. And this can be done by embarking on a holistic dredging campaign for most of our strategically important inland waterways so as to make them navigable for the passage of goods and people.
“We equally have a duty to promote better inter-agency cooperation and coordination between the Nigerian Maritime Administration and Safety Agency, the Nigerian Ports Authority, and the Nigerian Inland Waterways Authority.
“We must seize this opportunity to create positive change, leaving a lasting legacy for generations to come. I appreciate your dedication, and I look forward to working alongside each of you in the pursuit of a better Nigeria.”
On her part, the Permanent Secretary, Ministry of Transportation/Marine and Blue Economy, Dr. Magdalene Ajani, while stating that water has a lot of untapped resources pledged to support the vision of the new minister.
Vanguard reports that Oyetola resumed office in the company of his wife, Mrs. Kafayat Oyetola, some Chief Executive Officers of Agencies under the ministry, and former cabinet members from Osun state
Just In: Olayemi Cardoso Resumes As Acting CBN Governor
The acting Governor of the Central Bank of Nigeria (CBN), Dr. Olayemi Cardoso on Friday formally resumed duties at the headquarters of the apex bank in Abuja.
This follows the resignation of Mr. Godwin Emefiele as Governor of the Central Bank of Nigeria (CBN),
Similarly, the Deputy-Governors-Designate have also assumed duty, in acting capacities, sequel to the formal resignation of Mr. Folashodun Shonubi, Mrs. Aishah Ahmad, Mr. Edward Lametek Adamu, and Dr. Kingsley Obiora as Deputy Governors of the CBN.
This development was confirmed in a press statement by the CBN on Friday which was signed by the bank’s Director of Corporate Communications, Isa AbdulMumin.
Naija News recalls President Bola Tinubu on September 15, 2023, appointed Cardoso and the Deputy Governors in acting capacity pending the confirmation by the Nigerian Senate.
Cardoso and the Deputies took the oaths of office at a brief ceremony held at the Bank’s Head Office in Abuja, on Friday.
The new Deputy Governors are:
(1) Mrs. Emem Nnana Usoro
(2) Mr. Muhammad Sani Abdullahi Dattijo
(3) Mr. Philip Ikeazor
(4) Dr. Bala M. Bello
Cardoso is an Economic and Development Policy Advisor, Financial Sector Leader, former Chairman Citi Nigeria and Commissioner for Economic Planning and Budget in Lagos State. He brings over three decades of managerial experience on board.
The acting CBN Governor is an alumnus of Aston University, Birmingham, United Kingdom, where he studied managerial and administrative studies. He also holds a Master’s degree in Public Administration from the Harvard Kennedy School, United States of America
JUST-IN: Tinubu nominates new Ministers for federal ministry of Youth
President Bola Tinubu has approved the nomination of Dr. Jamila Bio Ibrahim to serve as the Minister of Youth, pending her confirmation by the Senate of the Federal Republic of Nigeria.
The President has further approved the nomination of Mr. Ayodele Olawande to serve as the Minister of State for Youth, pending his confirmation by the Senate of the Federal Republic of Nigeria.
Dr. Jamila Bio Ibrahim is a young medical doctor and most recently served as the President of the Progressive Young Women Forum (PYWF). She has also served as the Senior Special Assistant to the Kwara State Governor on Sustainable Development Goals (SDGs).
Mr. Ayodele Olawande is a community development expert and youth leader in the governing All Progressives’ Congress (APC). He most recently served in the Office of the Special Adviser to the President on Innovation from 2019 to 2023.
President Tinubu charges the above-mentioned nominees to ensure that they consistently reflect the dynamism, innovative zeal, and unyielding productivity that are synonymous with the young people of Nigeria as they discharge their duties.
Chief Ajuri Ngelale
Special Adviser to the President
(Media & Publicity)
September 17, 2023
Who is the new CBN Governor? Unveiling Yemi Cardoso: The Citibank Prodigy And Financial Genius Behind Lagos’ Tax Revolution!
In the buzzing financial district of Lagos, Yemi Cardoso’s name is whispered with a mix of respect, admiration, and perhaps a dash of envy. Today, as the entire country turns its eyes towards the Central Bank of Nigeria (CBN), the question on everyone’s lips is, “Who is the new CBN Governor?” We delve into the life and legacy of Yemi Cardoso, the man now at the helm of Nigeria’s financial future.
Born to a modest family, Yemi’s early life gave little indication of the powerhouse he would become. However, a relentless pursuit of education and an intrinsic passion for finance would set him on a meteoric rise. Starting his illustrious banking career with Citibank, Cardoso swiftly climbed the corporate ladder. His innate understanding of banking intricacies and a knack for strategic planning saw him rise to the esteemed position of Vice President. But the ambitious Cardoso didn’t stop there. He took a bold leap, co-founding Citizens International Bank, and for eight defining years, played a pivotal role as an Executive Director.
Yet, banking wasn’t the only domain where Cardoso left an indelible mark. He answered the call of public service, becoming the first Commissioner for Economic Planning and Budget for Lagos State. It was under his visionary leadership that Lagos underwent a pivotal financial reform, developing its own robust independent tax revenues. This wasn’t just a bureaucratic change – it was a revolution that altered the fiscal landscape of Lagos forever.
But who is Yemi Cardoso, the man behind the accolades and achievements? Beyond the corporate meetings and policy discussions, Cardoso has been a vital consultant and policy expert, aligning with major global development giants like the World Bank, UN Habitat, and even the Bill and Melinda Gates foundation. His expertise has shaped policies and development strategies, making him a revered name on global platforms.
Yet, for all his achievements, Cardoso remains grounded. A recipient of several awards, including a coveted honorary Doctorate Degree from Aston University, his alma mater, and the Global Distinguished Alumni award from Citi, he remains deeply connected to his roots. His Masters in Public Administration from the prestigious Harvard Kennedy School, where he was a celebrated Mason Fellow, is a testament to his commitment to public service and excellence.
As Nigeria stands on the cusp of a new financial era, the appointment of Yemi Cardoso as the CBN Governor isn’t just a political move; it’s a statement. A statement that Nigeria is ready to merge global financial strategies with homegrown expertise. With Cardoso steering the ship, the future of Nigeria’s financial landscape certainly seems promising
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