Detail about the newly created Ministry of Marines and Blue Economy assigns to Oyetola

Since the last few hours of Ministers’ portfolios reassignment by President Bola Tinubu, some people have been asking questions via our comment section after reading that particular news about Ministry of Marines and Blue Economy assigned to.the former Governor of Osun State, Alh Adegboyega Oyetola.

FUNCTION OF THE BLUE ECONOMY

The World Bank defines the Blue Economy as the “sustainable use of ocean resources to benefit economies, livelihoods and ocean ecosystem health”.

Blue Economy Activities
1 Maritime shipping

2 Fishing & aquaculture

3 Coastal tourism

4 Renewable energy

5 Water desalination

6 Undersea cabling

7 Seabed extractive industries & deep sea mining

8 Marine genetic resources

9 Biotechnology

,,,,,The Blue Economy is estimated to be worth more than $1.5 trillion per year globally.

…It provides over 30 million jobs and supplies a vital source of protein to over 3 billion people.