In a bid to drive greater efficiency and results across Nigeria’s marine and blue economy sector, the Minister of Marine and Blue Economy, Alhaji Gboyega Oyetola, CON, on Tuesday, signed a performance bond with the heads of agencies under the ministry. The event took place during the second day of the Sectoral Retreat organized by the Federal Ministry of Marine and Blue Economy in Abuja.
The move, which signals a shift toward a performance-driven culture, is designed to align the leadership of the ministry and its agencies with refined Key Performance Indicators (KPIs) tailored to the broader economic vision of President Bola Ahmed Tinubu’s administration. According to the Minister, the bond reflects a strong commitment to measurable progress, transparency, and the delivery of tangible results to the Nigerian people.
“This bond is not just a formality—it is a covenant of service, accountability, and innovation. We are embracing a new era where leadership at every level must be responsive, efficient, and goal-oriented,” Oyetola said during his address at the retreat.
He emphasized that the ministry, newly created to harness the vast potentials of Nigeria’s maritime assets, must be intentional about performance if it is to contribute meaningfully to job creation, economic diversification, and sustainable development.
The Sectoral Retreat, attended by top officials, technocrats, and stakeholders from across the maritime space, also provided a platform for reviewing the ministry’s strategic direction, addressing institutional gaps, and exploring synergies across relevant agencies including the Nigerian Ports Authority (NPA), Nigerian Maritime Administration and Safety Agency (NIMASA), and the National Inland Waterways Authority (NIWA), among others.
Agency heads who signed the bond expressed their readiness to deliver on the expectations set out in the agreement. The performance-based approach is expected to introduce more accountability in resource allocation, project execution, and policy implementation.
As Nigeria continues to expand its focus on the blue economy to unlock new streams of revenue beyond oil, the move by the Ministry of Marine and Blue Economy to institutionalize performance contracts marks a significant milestone in ensuring that strategic national goals translate into meaningful outcomes.
