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The blue economy has the potential to contribute $1.5 trillion to the global economy, according to D

"Professor Charles Ogbulogo, Vice-Chancellor of Maduka University, Enugu State, emphasized the significant potential of Nigeria's blue economy, estimating a potential contribution of $1.5 trillion to the global economy. He highlighted the ability of the sector to generate over 30 million jobs and supply crucial protein sources to more than 3 billion people worldwide. Speaking at the 2023/2024 convocation, matriculation, and awards ceremony of Crown Maritime Academy, Ogbulogo discussed the transition from brick-and-mortar business to the knowledge economy, emphasizing the need to protect aquatic life."


"He clarified that the blue economy involves the sustainable utilization of ocean resources to drive economic growth, enhance livelihoods, and create jobs while safeguarding the health of the ocean ecosystem. Ogbulogo described the ocean economy as synonymous with the blue economy, focusing on empowering its economic system with sustainability at its core. He highlighted the global shift from traditional brick-and-mortar business models to the knowledge economy, care economy, green economy, and blue economy. Expressing concerns, he noted the risk of leaving many destitute nations behind, similar to past paradigm shifts."

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