Blue Economy capable of creating over 30 million jobs, generate $1.5 Trillion dollars annually – VC, Maduka University.
Blue Economy capable of creating over 30 million jobs, generate $1.5 Trillion dollars annually - VC, Maduka University.
Segun Oladipupo
The Vice Chancellor, Maduka University, Enugu State, Professor Charles Ogbulogo has said that Nigeria’s Blue Economy is capable of contributing a whooping $1.5 trillion to the global economy if well harnessed.
He added that the sector has the capability to create over 30 million jobs as well as supply vital source of protein to over 3 billion people globally.
The university don made the remark while delivering paper at as the Special Guest Lecturer at the 2023 Convocation, Matriculation and Awards Ceremony of Crown Maritime Academy (CMA) with the theme: “Marine And Blue Economy Ministry: ‘Catch-Alls And Caveats’ For The Tinubu Administration”.
While delivering his paper which centred on “The Force Of Leadership In Maximizing The Blue Economy: A Nigerian Challenge”, Prof. Charles Ogbulogo posited that “humanity has desecrated the ‘bond with nature’ and acquatic life was in grave danger”.
Corroborating the World Bank, the unassuming Grade A academic who was represented at the event by the Rector, Crown Maritime Academy, Dr. Musa Akinyemi, acceded that the blue economy is the “Sustainable use of the ocean resources for economic growth, improved livelihoods, and jobs while preserving the health of ocean ecosystem.”
Part of the paper, “The blue economy is also called the Ocean Economy. The ocean economy is concerned with the use of ocean resources with emphasis on the empowering of its economic system. Since the core focus of the Blue Economy Is anchored on the receptacle of sustainability, it is a part of the Green Economy.”
According to the Professor, the world has transited from the emphasis on the brick and mortar business to the era of the knowledge economy, the care economy, the green and the blue economy. And, therefore, there is the fear that, just as has been the case with previous paradigm shifts, many destitute nations would be left behind.
