Nigeria Loses $15Million To Maritime Insecurity – Presidency

The Senior Special Assistant to the President on Maritime Services, Oyewole Leke has said that Nigeria’s economy suffers a loss of at least $15 million everyday as a result of insecurity in the maritime sector.

He made this known while speaking on Channels Television’s Question Time.

Mr Leke revealed that the risk premium on cargos heading to Nigerian ports were high because Nigeria was listed as a ‘risk zone’.

“if you import a car to Nigeria, it costs about $300 more in freight than the ones that go to Kotonu”.

This means that a ship, carrying up to 5000 cars will be charged about $1.5M because it is coming to Nigeria.”

He added that about 25 ships head to Nigerian ports on a daily basis.

In this edition of Question Time, Mr Leke discussed the government’s strategies at solving the issues in the sector.

He said the agency is working to solve all the problems associated to the sector, including: the frequent attacks by pirates, the traffic leading to the ports, the congestion in the ports, the length of time in clearing cargos… etc.

“It’s not what we want yet” but “we have succeeded so far”.

Channels Television :
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