Economy Maritime

Gulf of Guinea accounts for 4.5million barrels of oil daily – CNS

2022 Navy Games: CNS promises to equip sports complex in Lagos
Written by Maritime First

The CNS, Vice Adm. Awwal Gambo

The Chief of Naval Staff (CNS), Vice Adm. Awwal Gambo, on Tuesday said that the Gulf of Guinea accounted for about 4.5million barrels of oil produced daily in Africa.

Gambo said this at the 10th SECUREX West Africa 2022 International Exhibition which started on May 10 and would end on May 12 at Landmark Centre, Victoria Island, Lagos State.

Also read: Deputy Commander of Ukraine’s Navy killed in action, says report

The CNS said that Nigeria’s maritime environment constituted about 12 per cent of the Gulf of Guinea thus accounting for over 85 per cent of the total seaward trade with the rest of the world.

“This is why the Nigerian Navy, which is the biggest protector of Nigeria’s maritime environment, focuses on tackling maritime crimes, protecting critical national infrastructure as well as protecting Nigeria’s ports.

“The economy has about 36 trillion barrels and 182 billion cubic feet of oil and gas reserves with the capacity to produce about 2.4 million barrels and 8 billion cubic feet of oil and gas respectively per day.

“Thus, the maritime industry with associated infrastructure occupies a prominent position in the matrix of Nigeria’s vital economic interest as it encompasses activities ranging from shipping, fishing, and resource exploration among others,” he said.

Gambo said that there was frequent abuse of the maritime domain through illicit activities of local and foreign collaborators despite the numerous prospects of the maritime environment.

He noted that insecurity within the maritime domain stems largely from non-military causes such as socio-economic agitations, rising population, illiteracy, unemployment in the coastal communities

“Obviously, the manifestations include attacks on shipping, sabotage of hydrocarbon infrastructure and maritime resource, theft including diverse forms of illicit trafficking, illegal unreported and unregulated fishing among others.

“These threats constitute challenges to the socio-economic development and portray harmful dimensions for Nigeria’s coast at making its maritime environment a safe haven for local and foreign investors,” the CNS said.

Gambo said that the swift response of the Nigerian Navy to illegal activities at sea had reduced the rate of successful attacks of pirates in Nigeria’s maritime domain.

” The Nigerian Navy initiated the anti-piracy operation: ‘Op Tsare Taku’ and the anti-crude oil theft and illegal crude refining operation: ‘Op Dakatar Da Barawo’ to curb insecurity in the nation’s maritime environment.

“Subsequently, there has been a marked decline in piracy in the Gulf of Guinea.

For instance, 11 pirates incidence were recorded in 2021 compared to 44 in the year 2020.

“This decline was complimented by the International Maritime Bureau (IMB) piracy reports which also shows that Nigeria has exited its piracy list,” he said.

The CNS appreciated the Nigeria Maritime Administration and Safety Agency (NIMASA), the Economic and Financial Crimes Commission (EFCC), the Nigeria Security and Civil Defence Corps (NSCDC), the Nigeria Customs Service (NCS) and the Nigeria Immigration Services (NIS) and the National Drug Law Enforcement Agency (NDLEA).

He said their collaborative efforts had flustered shared vision on the accomplishment of maritime security tasks and information sharing, leading to the successful arrest and prosecution of criminal cases.

Gambo said that the support of President Muhammadu Buhari had enabled the Nigerian Navy to renew its fleet with newly acquired ones in recent years.

“However, more ships are still needed to maintain the Nigerian Navy’s continuous presence as required so as to dominate the maritime space,” he said.

About the author

Maritime First