Nigeria has recorded four consecutive years without piracy incidents, a development the Federal Government says has strengthened its bid to secure war-risk insurance delisting for the nation’s maritime routes.
The Minister of Marine and Blue Economy disclosed that the sustained zero-piracy record reflects significant improvements in maritime surveillance, coordinated security operations, and enforcement across Nigeria’s coastal and offshore environments.
According to him, the achievement is already boosting confidence in the maritime sector, with expectations that the removal from war-risk classification will significantly reduce shipping costs and attract greater foreign investment into the economy.
He added that the Federal Government remains committed to consolidating these gains through sustained investment in maritime security infrastructure, enhanced intelligence sharing, and stronger inter-agency collaboration.
The Minister further stated that ongoing reforms within the blue economy sector are designed to ensure long-term safety of Nigeria’s waters, protect critical maritime assets, and support sustainable economic growth.
He assured stakeholders that the government will continue working closely with relevant security agencies and international partners to maintain the zero-piracy status and accelerate the process of delisting Nigeria from war-risk maritime classification.