August 30, 2026
File mage.
By Efe Onodjae
Following disclosure by Federal Government that agencies under the Ministry of Marine and Blue Economy generated N1.83 trillion in 2025, importers and licensed customs agents have lamented the increasing pressure on businesses in the maritime sector to meet rising revenue targets, saying the gains are not matched by corresponding improvements in port infrastructure.
Minister of Marine and Blue Economy, Dr Adegboyega Oyetola, had revealed that the money generated in 2025 represented a 160 per cent increase from the N700.79 billion recorded in 2023, and attributed the rise to regulatory reforms, stronger revenue assurance, digitisation and efforts to close financial leakages.
