The Rivers State Government has reiterated its commitment to promoting private sector-led economic growth as it called for increased investment in the blue economy to drive national development.
Speaking at the opening ceremony of the 66th Annual General Meeting and Conference of the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) in Port Harcourt, the state government said the blue economy holds significant potential to boost trade, investment and security.
Representing Governor Siminalayi Fubara at the event, the state’s representative welcomed NACCIMA President, Engr. Jani Ibrahim, delegates from 115 chambers of commerce across the country, members of the diplomatic community, investors and other stakeholders to Rivers State.
Addressing the conference theme, “The Gulf of Guinea and Blue Economy: Pathways to Trade, Investment and Security Towards a $1 Trillion Economy,” the representative described it as timely, noting that Nigeria must take advantage of opportunities in the maritime sector to achieve sustainable economic growth.
The state government commended NACCIMA for selecting Rivers State to host the 2026 conference, saying the decision has reinforced the state’s position as an attractive destination for business and investment while drawing attention to the economic opportunities within the blue economy.
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It also reaffirmed its commitment to creating an enabling environment for investment through policies that encourage innovation, enterprise and private sector participation.
According to the government, sectors such as fisheries, aquaculture, maritime transport, tourism, renewable energy and logistics have the capacity to generate substantial revenue if properly developed, with the potential to rival earnings from the oil and gas industry.
The representative further stressed the need for Nigeria and other Gulf of Guinea nations to protect their maritime resources from exploitation, expressing concern over the activities of foreign fishing vessels operating in Nigerian waters without making meaningful contributions to the local economy.
He called for stronger monitoring systems and improved protection of the country’s marine resources, warning that Nigeria must act quickly to maximise the benefits of its blue economy.
The Rivers State Government also praised NACCIMA for drawing attention to the importance of maritime security and the blue economy, adding that the successful hosting of the conference reflects the state’s peaceful environment and readiness to attract investors.
The government wished participants productive deliberations and pledged continued collaboration with the organised private sector to promote sustainable economic development.
