The Vice-Chancellor of Maduka College, Enugu State, Professor Charles Ogbulogo, has stated Nigeria’s blue financial system holds nice potential for the nation and might contribute $1.5tn to the worldwide financial system if correctly utilised.
Ogbulogo, who was represented on the occasion by the Rector, CMA, Dr Musa Akinyemi, defined that the sector may create over 30 million jobs in addition to provide important sources of protein to over 3 billion folks globally.
Delivering a paper not too long ago because the visitor lecturer on the 2023/2024 convocation, matriculation, and awards ceremony of Crown Maritime Academy, with the theme ‘Marine and Blue Financial system Ministry: Catch-Alls and Caveats for the Tinubu Administration’, the Maduka College VC stated that the world had transitioned from the emphasis on brick-and-mortar enterprise to the period of data financial system.
Ogbulogo famous, “Humanity has desecrated the bond with nature and aquatic life is in grave hazard.”
He defined that the blue financial system is the “sustainable use of the ocean assets for financial progress, improved livelihoods, and jobs whereas preserving the well being of the ocean ecosystem”.
He stated, “The blue financial system can also be referred to as the ocean financial system. The ocean financial system is anxious with the usage of ocean assets, with an emphasis on the empowerment of its financial system. For the reason that core focus of the blue financial system is anchored on the receptacle of sustainability, it is part of the inexperienced financial system.
“The world has transitioned from the emphasis on brick-and-mortar enterprise to the period of the data financial system, the care financial system, the inexperienced financial system, and the blue financial system. And, subsequently, there may be the worry that, simply as has been the case with earlier paradigm shifts, many destitute nations could be left behind.”
