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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Maritime security: Nigerian waters now safer, says Peterside

Nigerian Maritime Administration and Safety Agency (NIMASA) Director-General  Dr. Dakuku Peterside has said piracy and other maritime crimes have reduced drastically in the Nigerian maritime domain, making it safer for investment.

Contrary to reports in a section of the media on his responses while defending the Agency’s budget before the Senate Committee on Maritime Transport in Abuja, Peterside noted that efforts being put in place by the Federal Government to tackle maritime crimes were now yielding results. He added that NIMASA would continue to up its game to ensure Nigerians benefit from the enormous potential in the sector.

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Source: thenationonlineng.net