In 2-Years, Oyetola Signs Two Performance Bonds with Heads of Marine and Blue Economy Agencies
L-R: Director General NIMASA, Dr Dayo Mobereola, NPA managing director, Abubakar Dantsoho, Minister of Marine and Blue Economy, Adegboyega Oyetola, his permanent Secretary Olufemi Oloruntola, NIWA managing Director, Bola Oyebamiji and Executive Secretary of Nigerian Shippers Council, Dr Pius Akutah at the official signing of the 2025 performance bond with the Minister in Abuja on Wednesday.
By DAPO OLAWUNI
Even though the deliverables in first Performance Bond signed between the Minister and heads of agencies under him in 2023 is yet to come to fruition, Adegboyega Oyetola, Minister of Marine and Blue Economy has yet signed another performance bond with heads of agencies under his ministry.
Oyetola had first, on 23rd of November, 2023, at Eko Hotel and Suites, Lagos, signed a performance Bond with the heads of agencies, charging them to work assiduously to realise their deliverables as captured in the Performance Bond signed by him noting that the execution of the performance bond, in addition to the completion of key projects within the ministry would no doubt position Nigeria as one of the maritime nations in the world.
Oyetola had at the time, reiterated the charge from President Bola Ahmed Tinubu to ministers to “unfailingly demonstrate innovative thinking and an unrelenting focus on results,”
He had assured that the ministry of Marine and Blue Economy was set to position Nigeria as a premier maritime nation.
Barely two years, the Minister has once again signed another performance bond with the heads of agencies under his ministry.
The signing of the 2025 Performance Bonds was held during the conclusion of the two-day 2025 Sectoral Retreat of the Ministry in Abuja, which was themed “Maximizing Nigeria’s Maritime Potential: A Blueprint for Sustainable Blue Economy Growth.”
Underscoring the significance of the document, the Minister said, “This is not just a ceremonial document; it is a living, dynamic tool that will guide our actions, track our performance, and ensure that we hold ourselves accountable to the Nigerians. It reflects our collective ambition to elevate Nigeria’s marine and blue economy sector and fully unlock the potential of the blue economy for sustainable national growth.”
The Performance Bonds were signed by the chief executives of all agencies under the Ministry, including the Nigerian Ports Authority (NPA), the Nigerian Maritime Administration and Safety Agency (NIMASA), the Nigerian Shippers’ Council (NSC), the National Inland Waterways Authority (NIWA), the Council for the Regulation of Freight Forwarding in Nigeria (CRFFN), and the Maritime Academy of Nigeria (MAN), Oron.
Others include the Nigerian Institute for Oceanography and Marine Research (NIOMR), the Federal College of Fisheries and Marine Technology, the National Institute for Freshwater Fisheries Research (NIFFR), New Bussa, the Federal College of Freshwater Fisheries Technology (FCFFT), New Bussa, and the Federal College of Freshwater Fisheries Technology (FCFFT), Baga.
The Minister once again urged all agency leaders to treat the Performance Bond as a guiding compass for 2025, emphasizing that the success of the Ministry will be measured not by intentions, but by the tangible outcomes delivered to Nigerians.
He reiterated the Ministry’s commitment to tracking implementation to ensure transparency and sustained public confidence in the sector’s progress.
