Nigeria is still on the list of the world’s riskiest waters that insurers rely on to determine how much to charge ships traveling to different countries, even after the government asked to be removed. The information was shared by Bloomberg.
Some steps to contain piracy have been taken by Africa’s largest economy this year, using aircraft, boats and vehicles to the tune of USD 195m worth to strengthen security.
According to International Maritime Bureau, in 2020 95% of the 135 seamen seized worldwide were kidnapped in the gulf, in 22 separate incidents, unfortunately, hostages are usually taken to Nigeria.
In September the Joint War Committee expanded the stretch of the Gulf of Guinea classified as “Listed Area.” Such solution gives underwriters room to charge more to cover vessels.
Head of marine and aviation at the London-based Lloyd’s Market Association Neil Roberts claimed by e-mail, that these efforts are “not enough to fill crews, owners or insurers with confidence. There is an enhanced risk to ships and crews and, until that has clearly been removed, Nigeria will remain a Listed Area.”
On June 18, the director general of the Nigeria Maritime Administration and Safety Agency Bashir Jamoh stated: “Nigeria has demonstrated enough commitment toward tackling maritime insecurity to avert such premium burden. We therefore invite