At the heart of the 2024 International Customs Day celebration, Minister Adegbenga Oyetola of the Marine and Blue Economy Ministry delivered a resounding keynote address, underscoring the pivotal role of collaboration in harnessing Nigeria’s maritime potential.
With a focus on the theme ‘Customs Engaging Traditional and New Partners with Purpose,’ Minister Oyetola highlighted the establishment of the Ministry of Marine and Blue Economy by the visionary leadership of President Bola Ahmed Tinubu. This move signifies a strategic commitment to unlocking Nigeria’s vast maritime resources, valued at over US$24 trillion.
In his address, Minister Oyetola stressed the imperative of partnerships in achieving trade facilitation and securing the internal supply chain. By integrating sustainability into policies, increasing investments in ports, research, and technology, and fostering inclusive alliances with key stakeholders, the Ministry aims to drive sustainable growth and job creation within the maritime sector.
Drawing attention to recent legislative advancements, Minister Oyetola lauded the passage of the Nigerian Customs Act 2023, positioning it as a catalyst for fostering a conducive trade environment and promoting collaboration between the public and private sectors.
Of particular note was the Minister’s commendation of customs leadership for embracing technological advancements, opting to replace physical cargo examinations with scanner-based inspections. This strategic shift not only enhances revenue generation but also streamlines port operations, significantly reducing cargo turnaround time and bolstering efficiency and competitiveness.
In concluding his address, Minister Oyetola reiterated the Ministry’s steadfast commitment to supporting collaborative engagements within the international trade community, with a focus on sustainable utilization of ocean and coastal resources for economic growth.
As stakeholders reflect on the Minister’s remarks, they are inspired to embrace the spirit of collaboration and innovation, recognizing the transformative potential of purposeful engagement in shaping Nigeria’s maritime future.