Again, Oyetola Signs Performance Bonds With Agency Heads

For the second time in two two years, Minister of Marine and Blue Economy, Adegboyega Oyetola has signed performance bonds with heads of agencies under his ministry.

The signing of the 2025 Performance Bonds was held during the conclusion of the two–day 2025 Sectoral Retreat of the Ministry in Abuja, which was themed “Maximizing Nigeria’s Maritime Potential: A Blueprint for Sustainable Blue Economy Growth.”

Oyetola had  on 23rd of November, 2023, in Lagos, signed a performance Bond with the heads of agencies, charging them to work assiduously to realise their deliverables as captured in the Performance Bond signed by him.

According to the Ministry, the 2025 Performance Bond serves as a strategic commitment by the  agencies’ chief executives to deliver on clearly defined goals within the fiscal year.

 The  Minister said, “This is not just a ceremonial document; it is a living, dynamic tool that will guide our actions, track our performance, and ensure that we hold ourselves accountable to the Nigerians. It reflects our collective ambition to elevate Nigeria’s marine and blue economy sector and fully unlock the potential of the blue economy for sustainable national growth.”

The Performance Bonds were signed by the chief executives of all agencies under the Ministry, including the Nigerian Ports Authority (NPA), the Nigerian Maritime Administration and Safety Agency (NIMASA), the Nigerian Shippers’ Council (NSC), the National Inland Waterways Authority (NIWA), the Council for the Regulation of Freight Forwarding in Nigeria (CRFFN), and the Maritime Academy of Nigeria (MAN), Oron.

Others include the Nigerian Institute for Oceanography and Marine Research (NIOMR), the Federal College of Fisheries and Marine Technology, the National Institute for Freshwater Fisheries Research (NIFFR), New Bussa, the Federal College of Freshwater Fisheries Technology (FCFFT), New Bussa, and the Federal College of Freshwater Fisheries Technology (FCFFT), Baga.