Marine and Blue Economy Ministry becomes first to cascade Performance Bond

In what could be described as a joint commitment to turn around the socioeconomic fortune of the newly-created Federal Ministry of Marine and Blue Economy, the heads of agencies and departments (Chief Executive Officers and Directors) under the ministry, on Thursday, signed a Performance Bond with the Minister, Adegboyega Oyetola CON.

This was revealed by the minister’s spokesperson, Ismail Omipidan, via his X handle.

According to him, the initiative is aimed at strengthening efficiency, proficiency and effectiveness for the overall development of the marine and Blue Economy sector.

The signing of the Performance Bond followed a fruitful and resourceful two-day retreat, organized by the Ministry in Lagos, to chart a new course towards actualisatnling its lofty objectives.

He further noted that, with the signing of the performance bond, the Ministry became the first to cascade the Performance Bond initially signed with President Bola Ahmed Tinubu to its Directors and Chief Executive Officers (CEOs).

Recall that the Ministry had on Tuesday held a stimulating Stakeholders’ Roundtable Engagement with key players in the maritime sector as part of efforts to scale up its productivity and enhance Public Private Partnership (PPP) initiative for greater development.

“Today, after a stimulating stakeholders’ roundtable engagement with industry players and another two-day engaging and exciting retreat in Lagos, Directors and CEOs within the Ministry of Marine and Blue Economy, signed their Performance Bond with the minister, Adegboyega Oyetola CON.

“With this development, the Ministry becomes the first to cascade the Performance Bond initially signed with President Bola Ahmed Tinubu to its Directors and Chief Executive Officers (CEOs).

“The Ministry of Marine and Blue Economy is prepared and set to actualise its deliverables and contribute to the delivery of Mr President’s Renewed Hope Agenda”, Omipidan said.