Nigeria has an estimated capacity to generate $13.125 million annually from the fish reef and new emerging sectors of the blue economy, thereby, boasting the nation’s Gross Domestic Product (GDP).
Delivering his paper on ‘Nigeria’s New Ministry of Blue Economy and Marine Resources: A Panacea For Economic Growth’ at the World Aquaculture Society Global conference tagged Aquaculture America 2024 themed ‘Setting the Table for US Aquaculture,’ in San Antonio Texas, United States(US) held 18-21st February, the regional director, World Aquaculture Society(WAS), African chapter, West African region, Lanre Badmus, added that, the untapped blue economic potentials of the Nigerian economy could be worth $296billion annually, significantly, boasting the overall GDP.
