In a bold step to strengthen accountability, transparency, and alignment with national development priorities, the Honourable Minister of Marine and Blue Economy, His Excellency Adegboyega Oyetola CON, today oversaw the formal signing of the 2025 Performance Bonds by the heads of government agencies under the Ministry.
The signing of the 2025 Performance Bonds was held during the conclusion of the two-day 2025 Sectoral Retreat of the Ministry in Abuja, which was themed “Maximizing Nigeria’s Maritime Potential: A Blueprint for Sustainable Blue Economy Growth.”
The 2025 Performance Bond serves as a strategic commitment by agency chief executives to deliver on clearly defined goals within the fiscal year. The Performance Bond is not merely a formality, but a performance-driven agreement designed to track progress, ensure accountability, and guide quarterly reporting in line with the Ministry’s overarching strategic vision.
Underscoring the significance of the document, the Honourable Minister said, “This is not just a ceremonial document; it is a living, dynamic tool that will guide our actions, track our performance, and ensure that we hold ourselves accountable to the Nigerians. It reflects our collective ambition to elevate Nigeria’s marine and blue economy sector and fully unlock the potential of the blue economy for sustainable national growth.”
The Performance Bonds were signed by the chief executives of all agencies under the Ministry, including the Nigerian Ports Authority (NPA), the Nigerian Maritime Administration and Safety Agency (NIMASA), the Nigerian Shippers’ Council (NSC), the National Inland Waterways Authority (NIWA), the Council for the Regulation of Freight Forwarding in Nigeria (CRFFN), and the Maritime Academy of Nigeria (MAN), Oron.
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