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Marine, blue economy agencies’ CEOs sign performance bonds

by Ikenna Ngere
November 25, 2023
in Business News, News
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Marine, blue economy agencies’ CEOs sign performance bonds
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Determined to ensure efficiency, heads of agencies and departments under the Ministry of Marine and Blue Economy,  on Friday, signed a performance bond for ministerial deliverables from 2023-2027.

The minister’s spokesperson, Ismail Omipidan, disclosed this in his X, (formerly Twitter) handle on Friday.

“After a stimulating stakeholders’ roundtable engagement with industry players and another two-day engaging and exciting retreat in Lagos, Directors and Chief Executive Officers within the Ministry of Marine and Blue Economy, today, signed their performance bond with the minister, Adegboyega Oyetola,” he said.

He explained that the initiative is aimed at strengthening efficiency, proficiency, and effectiveness for the overall development of the marine and blue economy sector.

The minister, Oyetola was quoted as saying during the event that the document will drive the much-needed strategies and policies in institutionalising the concept of the blue economy as an important pillar of economic growth.

He stated, “This document will drive our carefully thought out strategies and robust policies in line with the Renewed Hope Agenda of  President Bola Tinubu. Our mandate is to institutionalise the blue economy as an important pillar for economic sustenance and growth diversification.”

The Director-General of the Nigerian Maritime Administration and Safety Agency, Dr Bashir Jamoh, while signing for the agency, made a presentation on how to deploy an effective security architecture for the Exclusive Economic Zone to harness the blue economy potential of the country.

He assured all of steady and measurable progress within the period covered by the bond.

“Now all hands must be on the deck to deliver. We have a clearer understanding of the direction of the ministry and we will ensure Nigerians benefit from Mr President’s vision in creating the ministry,” Jamoh said.

The NIMASA boss also said the agency will effectively monitor the implementation of the Cabotage Act.

SOURCE: PUNCHNG

Tags: blue economyCEOsMarineperformance bonds
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