FG targets lower emissions in shipping industry, eyes stronger maritime trade

FG targets lower emissions in shipping industry, eyes stronger maritime trade

As the International Maritime Organization (IMO) moves to finalize its revised emissions reduction strategy, the Federal Government has reiterated its commitment to decarbonizing Africa’s maritime sector while ensuring the continent’s economic interests are protected.

Speaking at the maiden African Strategic Summit on Shipping Decarbonization in Abuja, the Minister of Marine and Blue Economy, Gboyega Oyetola, emphasized Africa’s critical role in shaping global shipping policies.

FG targets lower emissions in shipping industry, eyes stronger maritime trade
FG targets lower emissions in shipping industry, eyes stronger maritime trade
Source: Twitter

He called for a just and equitable transition that prevents developing economies from bearing disproportionate costs in the shift to greener shipping.

“Africa contributes less than 2% to the global fleet, yet our economies heavily depend on maritime trade.
“As we navigate this energy transition, we must safeguard Africa’s interests to prevent excessive economic burdens, especially from rising transport costs," Oyetola stated.

The minister highlighted Africa’s strategic geographic position and its potential for renewable energy investments, advocating for green shipping solutions such as renewable-powered ports, green shipping corridors, and increased African ship ownership.

Read also

Nigerian billionaire set to announce 2025 cohort for entrepreneurship programme, $5,000 grant

He stressed that the decarbonization of the shipping industry must be pursued in a way that is just and inclusive, ensuring that no African nation is left behind.

Oyetola urged African nations to take a more active role in shaping IMO’s policies, noting that with over 40 African member states, the continent has the strength to influence global decision-making.

He pointed to upcoming IMO meetings, including the Intersessional Working Group on Greenhouse Gas Emissions (ISWG-GHG-19) and the Marine Environment Protection Committee (MEPC-GHG-83), as key opportunities for Africa to present a unified stance on emissions reduction.

“Decarbonization is not a journey any nation can undertake alone. We must collaborate within Africa and with global stakeholders to advocate for policies that support developing economies", he said.

Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dayo Mobereola, underscored the urgency of reducing greenhouse gas (GHG) emissions from the shipping industry, which accounts for approximately 3% of global emissions.

Read also

How Tinubu's policies are reshaping Nigeria's cconomy - policy analyst

“The environmental concerns arising from these emissions have created a sense of urgency, driving the world to focus on shipping decarbonization—and Africa must not be left behind,” Mobereola said.

He highlighted that decarbonization aligns with the United Nations Sustainable Development Goals (SDGs), particularly SDG 13 on Climate Action.

Legit.ng reports that the summit gathered experts, regulators, policymakers, industry leaders, and stakeholders to discuss best practices and exchange knowledge on implementing sustainable maritime development in Africa.

Liberia’s representative to the IMO, Dr. Harry Conway, stressed the importance of Africa having a voice in global shipping decisions.

“You cannot trade without using a vessel. Eighty percent of global trade is by sea, and Africa is 90% dependent on seaborne trade,” he noted.

He urged African countries to play an active role in IMO policy-making.

PAY ATTENTION: Сheck out news that is picked exactly for YOU ➡️ find the “Recommended for you” block on the home page and enjoy!

Source: Legit.ng

Authors:
Ezra Ukanwa avatar

Ezra Ukanwa (Politics and Current Affairs Editor) Ezra Ukanwa is a Reuters-certified journalist with over 5 years of professional experience. He holds a Bachelor of Science in Mass Communication from Anchor University, Lagos. Currently, he is the Politics and Current Affairs Editor at Legit.ng, where he brings his expertise to provide incisive, impactful coverage of national events. Ezra was recognized as Best Campus Journalist at the Anchor University Communications Awards in 2019 and is also a Fellow of the Nigerian Institute of Management (NIM). Contact him at: ezra.ukanwa@corp.legit.ng or +2349036989944