World Bank, Nigeria Partner to boost Blue Economy Agenda

The World Bank and Nigeria have entered into strategic partnership to boost the country’s blue economy resources.

Nigeria’s Ministry of Marine and Blue Economy has deepened strategic partnership with the World Bank under the PROBLUE initiative aimed at delivering key projects and actualizing Nigeria’s Blue Economy Blueprint.

This much was highlighted during a high-level Technical Cooperation meeting focused on the validation of findings and results essential to the nation’s maritime future.

The meeting served as a critical platform to review progress made in developing a coherent and actionable Blue Economy Framework for Nigeria.

The framework is designed to strengthen governance, improve marine spatial planning, and enhance data systems, while promoting stakeholder engagement to ensure long-term institutional coordination.

Speaking at the technical interface, the Permanent Secretary, Federal Ministry of Marine and Blue Economy, Mrs. Fatima Sugra Tabi’a Mahmood, commended the World Bank delegation led by Marcelo Hector Acerbi and Yolanda Molares and the Advisory Committee for the quality of technical assistance provided.

This is, as she expressed satisfaction with the comprehensiveness of the work, particularly the advancements in data systems and analytical outputs.

She further stressed that the focus must now transition from analysis to action, outlining the necessity for the final report to explicitly identify “bankable projects” capable of attracting financing from the World Bank and other international development partners.