Stakeholders seek dedicated fund for coastal resilience

Stakeholders at the 4th Ehingbeti Maritime Hub Summit have called for the creation of a dedicated Coastal Resilience Fund to support coastal protection, infrastructure development, and community empowerment across Nigeria. The summit, held in Lagos, brought together experts and stakeholders to discuss the necessary legal, regulatory, security, and investment frameworks required to unlock Nigeria's blue economy potential and promote sustainable coastal development.

Jean Anishere, President of the Maritime Arbitrators Association of Nigeria, emphasized the need for a dedicated financing mechanism to address infrastructure deficits and improve living conditions in coastal communities, urging the country to explore international financing opportunities through climate funds, development banks, and multilateral organizations.

Brief written by urgent.news from Punch's own syndicated text. Machine-written — may contain errors; check the original before relying on it.