Minister Oyetola Advocates for Regional Investment and Cooperation in West African Fisheries
Minister of Marine and Blue Economy, Dr. Adegboyega Oyetola, has issued a strong call for enhanced regional cooperation and greater investment in the fisheries sector across West and Central Africa. Speaking at the National Fisheries Investment Conference in Monrovia, Liberia, from March 30 to 31, 2026, Oyetola emphasized the critical role of fisheries in driving food security, employment, and economic growth in the region.
Timely Conference Addresses Sector Challenges
The conference, declared open by Liberia's President Joseph Nyuma Boakai, brought together ministers responsible for fisheries and aquaculture from across the subregion. In a statement signed by his Special Adviser, Dr. Bolaji Akinola, Oyetola described the gathering as timely, noting it provides a vital platform to unlock opportunities in fisheries and the broader blue economy.
Oyetola highlighted that millions of people in West and Central Africa rely on fisheries and aquaculture for their livelihoods, with fish serving as one of the most affordable sources of protein. However, he warned that the sector faces significant challenges, including declining fish stocks, weak infrastructure, and limited access to finance and modern technology.
Focus on Sustainability and Investment
Addressing these issues, Oyetola stressed the need for a clear focus on sustainability, investment, and regional collaboration. He argued that without proper management of marine and inland resources, achieving long-term gains would be impossible. The minister pointed to existing policies aimed at boosting local production, reducing imports, and strengthening regulation, which have already yielded positive results, such as continued access to international markets for shrimp exports.
Oyetola also outlined broader reforms in Nigeria's blue economy, including efforts to tackle marine pollution, improve port infrastructure, and enhance maritime security. He noted that Nigeria's recent record of zero piracy incidents has helped boost investor confidence in the Gulf of Guinea.
Call for Funding and Regional Cooperation
On the investment front, Oyetola called for increased funding across the entire fisheries value chain, encompassing aquaculture, processing, cold-chain logistics, and export development. He emphasized that with the right policies in place, the sector could generate substantial employment, particularly for young people, and make a significant contribution to economic growth.
Furthermore, Oyetola underscored the importance of regional cooperation, highlighting that fish stocks often transcend national boundaries. He urged stakeholders to work together to ensure sustainable management and shared benefits from the region's rich marine and inland water resources.
