The Chairman of SIFAX Group, Dr. Taiwo Afolabi has called for a comprehensive renewal of Nigeria’s port infrastructure, citing its crucial role in unlocking the full potential of the nation’s blue economy. He made the call during the 7th edition of the Taiwo Afolabi Annual Maritime (TAAM) Conference, which was held over the weekend at the University of Lagos.
Delivering the keynote address, Afolabi described Nigeria’s maritime sector as a “sleeping giant” waiting to be awakened through strategic investment and modernization of its seaports.
“Nigeria’s blue economy is a sleeping giant. We have untapped potential along our vast coastline that, if harnessed responsibly, can create new jobs, strengthen our ports, attract investments, and safeguard our environment for future generations,” Afolabi said.
“Infrastructure is at the heart of this transformation. Modern, resilient, and sustainable infrastructure will drive efficiency and competitiveness in our ports and maritime corridors.”
He emphasized that investment in modern and sustainable port systems would not only boost logistics performance but also ensure Nigeria competes favorably on the global maritime stage.
Oyetola Highlights Government Reforms
Also speaking at the conference, the Honourable Minister of Marine and Blue Economy, Adegboyega Oyetola, spotlighted key policy actions and infrastructure initiatives aimed at repositioning the maritime industry as a driver of national development.
“The National Policy on Marine and Blue Economy provides a coordinated framework for opportunities in ports, fisheries, ocean governance, marine biotechnology, renewable energy, and coastal tourism,” the Minister said.
Oyetola detailed ongoing government projects such as the Western Ports Rehabilitation Programme, the reconstruction of Apapa and Tin Can Ports, and the revival of Nigeria’s National Carrier under a public-private partnership model.
He stressed that all infrastructure modernisation must align with sustainability objectives.“Sustainability must guide all infrastructure modernisation efforts, with emphasis on energy efficiency, carbon reduction, and waste minimisation,” he added.
Security and Global Recognition
The Minister also praised Nigeria’s efforts in improving maritime security, noting the country’s record of zero piracy incidents in its territorial waters over the past three years—a feat that has brought stability to the Gulf of Guinea and international acclaim.
Additionally, Oyetola announced Nigeria’s ambition to secure a Category “C” seat on the International Maritime Organization (IMO) Council, aiming to influence global maritime governance.He called for stronger ties between government and academia, particularly in research areas such as marine robotics and emerging maritime technologies.
“We must deepen our collaboration with the academic community in frontier technologies to build a competitive and future-ready maritime sector,” he said.
About the Conference
The TAAM Conference, a joint initiative by SIFAX Group and The Maritime Forum at the University of Lagos, has evolved into one of the country’s premier platforms for maritime policy engagement, academic exchange, and industry networking.
This year’s edition drew stakeholders from government, private sector, academia, and international observers, reinforcing the urgent need for partnerships to strengthen Nigeria’s role in the global maritime ecosystem.