FG targets war-risk delisting, records four-year zero piracy — Minister

Nigeria's maritime security has reached an unprecedented milestone, with the nation recording zero piracy incidents in its territorial waters for four consecutive years. This remarkable achievement, announced by the Minister of Marine and Blue Economy, Adegboyega Oyetola, is a testament to the effectiveness of the Deep Blue Project. Launched in 2021, this comprehensive initiative has transformed the Gulf of Guinea's maritime landscape from one of the world's most challenging regions to a significantly safer zone, with piracy incidents in the wider Gulf reduced by over 70 percent.

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Nigeria has recorded zero piracy incidents within its territorial waters for the past four years, while piracy incidents across the Gulf of Guinea have reduced by over 70 per cent.

The positive security trend is paving the way for Nigeria's removal from the global war-risk list. This delisting is anticipated to bring substantial economic benefits, including a reduction in shipping costs and importation expenses. Consequently, Nigerian ports are expected to become more competitive, stimulating greater trade and investment within the maritime sector and the broader economy. The government is actively working with international shipping and insurance stakeholders to finalize this crucial step.

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The improved security situation had strengthened ongoing efforts toward the delisting of Nigeria from countries classified as war-risk nations by international shipping and insurance stakeholders.

To consolidate these gains, the Federal Government is considering expanding the Deep Blue Project's reach to vulnerable coastal corridors like Igbokda and Bakassi. The project's robust architecture, comprising advanced surveillance aircraft, helicopters, vessels, unmanned aerial vehicles, and patrol vehicles, has been instrumental in its success. The graduation of 492 specialized personnel, trained both locally and internationally, further strengthens Nigeria's capacity to maintain maritime safety and security. This sustained effort not only protects national interests but also enhances Nigeria's reputation as a secure maritime hub in West Africa.

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As many of you may recall, the Gulf of Guinea was once regarded as one of the most challenging maritime regions in the world due to incidents of piracy and sea robbery.