NDFF 2024 conference to boost Nigeria’s blue, green economies

NIGERIA Development and Finance Forum (NDFF) 2024 Conference is set to strengthen the momentum for Nigeria’s economic growth and catalyse development in the country’s blue and green economies, the organisers have said.

Themed “The Road to Economic and Social Welfare Transformation”, the highlevel gathering of public, private, social, and international sectors leaders is scheduled to hold on 8 – 9 May 2024, at Transcorp Hilton, Abuja.

“The overarching aim of the conference is to provide a strong backing for a holistic and transformative reform agenda for the Nigerian economy to foster sustainable economic progress in the country,” Jide Akintunde, Director of NDFF, said in a statement by the Planning Group for the conference. “Besides addressing broader issues of fiscal policy for job creation, revitalising industries and markets, and health and social welfare, we will host two industry-focused sessions on the blue and green economies.”

According to NDFF, the worldwide blue or ocean economy, which encompasses all economic activities related to oceans, seas, and coasts, is valued at around $1.5 trillion per year, and it is set to double by 2030 to $3 trillion.

“Among the recent impetuses for higher growth prospects of the Nigerian blue economy is the creation of the Federal Ministry of Marine and Blue Economy and the extension of the Nigerian seaward continental boundaries from 200 to 220 nautical miles by the United Nations’ Commission on the Limits of the Continental Shelf,” NDFF said, adding that “the Nigerian blue economy still requires more policy support, market frameworks, and investments to deliver on the prospects of the sector. The conference will, therefore, bring stakeholders together to address the challenges and provide insights for harnessing the growth opportunities in the sector.”