FG's Marine Ministry generated ₦1.83T in 2025—160% revenue jump via port reforms, security gains
FG's Marine and Blue Economy Ministry generated ₦1.83 trillion in 2025—a 160% increase from ₦700.79 billion in 2023—through port modernization, security overhauls, and policy reforms. This revenue doubling comes as Nigeria achieved zero piracy for four consecutive years, secured World Bank top-20 global rankings for Apapa (12th) and Tin Can Island (10th) ports, eliminated Apapa gridlock via e-call-up systems, and established a ₦200,000 monthly minimum wage for shipping workers (triple the national minimum).
The Ministry's National Policy on Marine and Blue Economy (approved May 2025), return to IMO Council after 14 years (November 2025), and deep seaport projects across Akwa Ibom, Cross River, Bayelsa, Ondo, Lagos, and Rivers states are positioning Nigeria as West Africa's maritime hub. Seafarer training initiatives boosted earnings from ₦400,000 to ₦1.3 million monthly, while CVFF disbursement targets 30,000+ local shipping jobs. Naira-for-Crude implementation eased forex pressure, and inland dry ports in Katsina, Ibadan, and Jos reduced northern cargo transit costs.
With these achievements directly fortifying the national treasury through non-oil revenue, will this blue economy boom finally deliver the stable naira and lower import costs Nigerians need from economic diversification?