2024 Budget Defense Spurs Lawmakers to Advocate for Strategic Solutions in Maritime Industry Crisis

The National Assembly has assigned the task to Chief Adegboyega Oyetola, the Minister of Blue Economy, emphasizing Nigeria’s imperative to harness the $1.8 trillion potential of the Blue Economy and enhance revenue generation through the Maritime industry. During the budget defense for 2024, convened by the joint Committees on Ports & Harbours and other Standing Committees, members from both the Senate and House chambers expressed concerns over the reported loss of over N1 trillion in revenue due to inadequate infrastructure in the maritime sector. Lawmakers, disapproving of the omission of…

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