The first year anniversary of Minister Adegboyega Isiaka Oyetola’s tenure as Minister of Marine and Blue Economy has been met with widespread disappointment and criticism from stakeholders in the maritime industry.
Despite initial high hopes and expectations, the minister’s performance has been deemed underwhelming, with many expressing doubts about his ability to drive growth and development in the sector.
Stakeholders, including indigenous shipowners, freight forwarders, and industry experts, have lamented the lack of significant progress and innovative policies from the minister.
They cited the failure to address foundational problems, such as the Cabotage Vessel Financing Fund (CVFF), and the absence of a clear roadmap for the industry’s growth.
While some stakeholders acknowledged the challenges of establishing a new ministry, they emphasized the need for tangible results and a clear vision for the future.
Others praised the minister’s engagement and efforts to harmonize the Blue Economy Ministry with other ministries, but urged him to focus on educating the public about the ministry’s role and exploring new areas for economic growth.
The general consensus among stakeholders is that Minister Oyetola has not met their expectations and lacks the capacity to significantly move the industry forward.
As the minister begins his second year in office, stakeholders will be watching closely to see if he can address their concerns and deliver meaningful results.
