Nigeria Loses N7 Trillion To Insecurity In High Seas Annually, Dogara Says. His Source Was Not Disclosed

In Nigeria, politicians reel out figures about losses without any solid source or study carried out. Often, they quote reports they cannot fully remember. Those figures given out without any evidence are often seen as disclosures and become public knowledge.


The Speaker of the Nigerian House of Representatives, Mr. Yakubu Dogara, claimed on Monday that Nigeria loses about N7 trillion annually to insecurity and revenue leakages in the waterways. But, like most Nigerian politicians who quote no credible study, the source to this latest claims was not disclosed.

In Nigeria, politicians reel out figures about losses without any solid source or study carried out. Often, they quote reports they cannot fully remember. Those figures given out without any evidence are often seen as disclosures and become public knowledge.

Dogara said security in Nigeria’s territorial waters must be strengthened, with the Nigerian Navy and other relevant agencies collaborating to stem the tide of piracy and other attacks, while the parliament seeks ways to secure its territorial waters.

He disclosed these at a public hearing on a Bill for an Act to amend the Maritime Operations Coordinating Board Act, reconstituting the Maritime Operations Co-coordinating Board for effective control of all maritime operations in Nigeria’s territorial waters and the Exclusive Economic Zone, create the Maritime Security Fund and establish anti-piracy offences.

“It  is even more worrisome to note that Nigeria is said to be losing about N7 trillion annually in the Maritime sector due to among other reasons, leakages in revenue generation and insecurity in the water ways.

“Between January and March 2016, several attacks were reported off Nigeria’s coast. This was said to involve pirates stealing cargoes of crude oil and petroleum products. Reports had it that, no fewer than 44 ship crew members were abducted. In the first half of this year, about over 20 commercial vessels were attacked in Nigerian waters. The increasing level of attacks and violence in the Gulf of Guinea have given Nigeria and other countries in the sub-region very damaging and negative image in addition to an estimated monthly loss of $1.5 billion to the country.

“As I said recently, prevalence of insecurity in our waters resulted in the loss of $1.3 billion annually to illegal Unreported and Unregulated (IUU) fishing in West Africa alone yearly. We must tighten the legal and regulatory framework to stop these losses. The only way to promote intra- African trade in our water ways is to ensure safety and security of navigation in our waters.

“What is disturbing is that pirate attacks in West Africa are said to be occurring in our territorial waters, terminals and harbors and not in the high seas which effectively stopped intervention by international naval forces.

“Thus, the onus is on the Nigerian Navy to stem the tide and secure our territorial waters, in cooperation with other agencies of government. However, in the absence of enabling laws that stipulate stiff penalties and adequate funding, the Navy may not be able to perform this responsibility effectively and efficiently,” he stated.

Speaking on the importance of the maritime sector to achieving the Federal government’s Economic Recovery and Growth Plan that was launched in March this year to effectively take Nigeria from recession to recovery, as well as the 8th House of Representatives’ Legislative Agenda on National Economic and Development to put in place, legislative measures to promote rapid economic growth and development, Dogara stressed that the importance of making Nigeria’s maritime sector safe and secure cannot be over emphasised given that the bulk of our trade and commerce come through our waters and ports.

“This will greatly boost government revenue, increase our foreign reserve and ultimately provide jobs to millions of our youths.

“Our water ways and even the gulf of Guinea have been witnessing increasing level of piracy and kidnapping of expatriates and Nigerians alike. This Bill addresses these challenges by among other things, stipulating stiff penalties for offences of piracy and other criminal activities in our territorial waters and Exclusive Economic Zone”.

Simon Ateba
Simon Ateba
Based in Washington, District of Columbia, United States of America, Simon leads a brilliant team of reporters, freelance journalists, analysts, researchers and contributors from around the world to run TODAY NEWS AFRICA as editor-in-chief. Simon Ateba's journalistic experience spans over 10 years and covers many beats, including business and investment, information technology, politics, diplomacy, human rights, science reporting and much more. Write him: simonateba@todaynewsafrica.com

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