Nigerian Government Explores Deep Seabed Mining

Nigerian officials are advocating for deep seabed mining as a means to diversify the economy and capitalize on marine resources, particularly in the wake of global interest in the blue economy. During a recent workshop in Abuja, Minister of Marine and Blue Economy, Adegboyega Oyetola, emphasized the potential economic benefits and job creation from deep seabed activities while also highlighting environmental risks, such as damage to ecosystems and water quality. The government aims to transition from a fossil fuel-based economy to one focused on mineral resources, including clean energy generation from wave and tidal sources. Critics express concerns about the inadequate regulatory framework and potential displacement of local communities. Meanwhile, other nations, like Papua New Guinea, are leading in deep-sea mining initiatives, further intensifying the global race for underwater resources as the world shifts away from fossil fuels. This evolving landscape raises questions about balancing economic growth with environmental protection.