Stakeholders have said that a sustainable blue economy would lead to food security, poverty eradication and employment in Nigeria. They described the blue economy as encompassing the exploitation, preservation, and regeneration of the marine environment and a wide range of economic sectors. AdvertisementAt its core, it refers to the decoupling of socio-economic ‎development through oceans-related sectors and activities from environmental and ecosystem degradation”A sustainable blue economy is a marine-based economy that provides social and economic benefit for current and future generations by contributing to food security, poverty eradication, ‎livelihoods, income, employment, health, safety, equity, and‎political stability.” AdvertisementHowever, the president argued that the blue economy initiatives depend on access to sustainable ‎‎financing and investment to record huge success, recommending a financing mechanism and ‎Public Private Partnership (PPP) as an emerging solution to ‎mobilise capital for ocean-related projects, while ensuring environmental and social safeguards. AdvertisementHe added: “We remain proud that our contributions have consistently enriched conversations around transportation, maritime development, trade facilitation and national economic growth.”