The House of Representatives Joint Committee on Maritime Safety and Administration, and the Navy, recently held a public hearing to amend the Maritime Operations Co-ordination Act. Damilola Oyedele, who monitored the exercise, writes that with the regular theft of crude oil put at an estimated $1.17bn in 2016 alone, the amendment which seeks to ensure better policing of Nigeria’s territorial waters was long overdue
Nigeria’s maritime sector plays a very crucial role in the development of its national economy, with three major industries: transportation, fishing, oil and gas, which contribute significantly to the nation’s Gross Domestic Product (GDP). The sector, however, is unable to attain its full potential as Nigeria’s waters are considered one of the most dangerous with rising insecurity.
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Source: https://www.thisdaylive.com/
intel reports
Security and Risk Report 24/05/23
MAST’s security report issue 370 is available to read now. In the Gulf of Guinea, the US Consulate has praised the efforts of the Nigerian
May 24, 2023 No Comments
