Pushes for Investments at Liberia Fisheries Summit

The Minister of Marine and Blue Economy and Chairman of the Fisheries Committee for the West Central Gulf of Guinea, Dr. Adegboyega Oyetola, has called for stronger regional co-operation and increased investment in the fisheries sector across West and Central Africa.

Spokesman for the Minister and special advisor on media, Dr. Bolaji  Akinola, disclosed that Oyetola made the call on Monday in Monrovia, Liberia where he spoke at the National Fisheries Investment Conference held from 30 to 31 March 2026.

Akinola stated that the conference was declared open by Liberia’s President, Joseph Nyuma Boakai, and was attended by Ministers responsible for fisheries and aquaculture from across the subregion.

Oyetola said the conference provided an important platform to unlock opportunities in fisheries and the wider blue economy.

“This Conference comes at a critical time for our region,” he said, noting that the sector remains central to food security, employment and economic growth” Oyetola said.

The Minister noted that millions of people across West and Central Africa depend on fisheries and aquaculture for their livelihoods, while fish remains one of the most affordable sources of protein.

“Despite our rich marine and inland water resources, the sector continues to face significant challenges,” he said, citing declining fish stocks, weak infrastructure, and limited access to finance and modern technology as factors affecting fisheries regionally.

Dr. Oyetola emphasised that addressing these challenges requires a clear focus on sustainability, investment and regional collaboration. He stressed that without proper management of marine and inland resources, long-term gains would be impossible.

“Our oceans, rivers, and coastal ecosystems must be carefully managed because without sustainability, long-term benefits cannot be achieved,” he stated.

He said the the Federal Government under President Bola Ahmed Tinubu is repositioning fisheries and aquaculture as key drivers of the blue economy.

He explained that policies aimed at boosting local production, reducing imports and strengthening regulation are already delivering results, including continued access to international markets for shrimp exports.

He also highlighted broader reforms in Nigeria’s blue economy, including actions to tackle marine pollution, improve port infrastructure and enhance maritime security.

Oyetola noted that Nigeria’s   record of zero piracy incidents has helped improve investor confidence in the Gulf of Guinea.

On investment, the minister called for greater funding across the entire fisheries value chain, including aquaculture, processing, cold-chain logistics and export development. i

“With the right policies in place, the sector could generate jobs, particularly for young people and contribute significantly to economic growth” Oyetola states

The minister underscored the importance of regional co-operation, pointing out that fish stocks cut across national boundaries.

“No single country can tackle illegal, unreported, and unregulated fishing alone,” he said, adding that stronger collaboration through regional bodies such as the FCWC is essential”

In his role as Chairman of the FCWC Ministerial Committee, Oyetola reaffirmed the organisation’s commitment to strengthening joint efforts in fisheries governance.

He highlighted ongoing initiatives, such as a regional record of fishing vessels, coordinated patrols and information-sharing systems aimed at improving enforcement and sustainability.

The minister further noted that the FCWC is working to harmonise fisheries policies among member states and promote trade within the region, with the goal of improving value chains and attracting investment.