Investors put off by Nigeria’s piracy problem

Maritime chief pledges to lead the fight against piracy to counter the negative impact of attacks in the Gulf of Guinea which are deterring would-be investors in Nigeria’s shipping sector

Linton Nightingale

THE heightened risk piracy attacks in the Gulf of Guinea is putting progress in Nigeria’s shipping sector on hold, with would-be investors deterred due to the heightened security issue.

Dr Dakuka Peterside, director general of the Nigeria Maritime Administration and Safety Agency, which is responsible for overseeing security under its scope of activities in the country’s coastal waters, said the “negative impact” of hijackings and kidnappings are stunting shipping’s development.

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Source: lloydslist.maritimeintelligence.informa.com

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