Abstract
Piracy and armed robbery against ships in the coastal waters of Nigeria are no longer news.
However, their attendant devastating effects on the country’s economy can indeed make great news. Nigeria is one country that has been experiencing so much of acts of piracy and armed robbery against ships in recent years. Piratical acts directly or; indirectly, been causing the nation a great deal of economic harm. Unfortunately the extent of such harms is not always apparent.
Among the direct negative effects the unlawful acts have on Nigeria’s economy, are imposition of surcharges by ship owners on the country’s, shipments; low patronage of piracy-prone ports by operators leading to high patronage of and congestions in safer ports and increased dependence on imported fish because of dwindling supply by indigenous trawler owners arising from piratical and robbery acts.
Some indirect negative economic effects of piracy and armed robbery against ships on Nigeria’s economy include discouragement of investment in trawling and loss of employment and foreign exchange.
This paper intends to bring to light some of the damaging effects piracy and armed robbery against ships have on Nigeria’s economy and underscore the need for government to take the fight against the menace very seriously.
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Notes
- 1.
Fajriyansah (2005), p. 3;
- 2.
Id.
- 3.
World Bank.
- 4.
Id.
- 5.
ICC–IMB Annual Report, p. 5.
- 6.
OT Africa line, p. 3.
- 7.
Id.
- 8.
Biu AAA, 21st August, 2011, Personal Communication, Bwantang Nig. Ltd. Port-Harcourt.
- 9.
Ibrahim AML, 28th August 2011, Personal Communication, Bua Ports & Terminal, port-Harcourt.
- 10.
Nigerian Ports Authority Annual Report 2006–2010, Lagos.
- 11.
Orakwusi M, 18th August 2011, Personal Communication, NITOA, Lagos.
- 12.
NITOA, Lagos.
- 13.
Id, p. 12.
- 14.
Id, p. 12.
References
Fajriyansah R (2005) Piracy and practical acts in Indonesian Waters. A paper presented at the World Maritime University, Malmo, Sweden, 21–23 November 2005
ICC–IMB (2006–2010) Annual report, 2006–2010, piracy and armed robbery against ships, Adopted on 15 September 2011. Available Online: www.icc-ccs.org
Map of Africa Adopted 6 September 2011. Available online http://www.iuventus.org/maps/Africa/gulfofguinea.html
Nigerian Ports Authority, Annual Reports, 2006–2010, Lagos
OT Africa line surcharges Adopted on 11 June 2010. Available online http://www.otal.com/ebiz/surcharge.htm
The World Bank (2011) World development indicators database. Adopted 4 July 2011. Available online https://www.en.wikipedia.org/wiki/list_of_countries_by_GDP_(PPP)
Acknowledgements
I wish to acknowledge and appreciate my Chief Executive Officer (CEO), Capt. A. A. Biu and the Management of the Nigerian Shippers’ Council (NSC), 4 Park Lane, Apapa, Laws, Nigeria, for sponsoring me to Malmo to nuke this presentation. Without the sponsorship, I would not have made it. Again I would like to thank Capt. A. A. Biu for sparing time despite his tight schedules not only to vet but to make inputs 19 this paper. Similarly, I want to say thanks to my colleagues: Mr. Tataya Lahupara for gathering and collating the data used; Mrs. Molly Asanga, for typing the script; Mr. Chibueze Amos, for preparing the tables and graphs; Mr. Bukar Papka for verifying figures and Babafemi O. Sunday, for re-typing the footnotes and enlarging the sizes of illustrative figures (maps and graphs) in this paper Without the cooperation of those that volunteered us the information used, it would not have been possible to come up with this write-up. In this regard, I would want to thank Alhaji Adamu A. Biu who gave the instruction to his company, Bwantang Ltd to furnish me with figures on additional insurance premiums they have been paying; Alhaji Mohammed L Ibrahim of BUA Ports & Terminals for giving us information also on insurance premiums and Mrs. Margret Orakwusi, the President of for availing us with facts and explanations of things concerning her association. My thanks also go to Mallam Sani Maida; Idris Tahir and my wife, Saratu Wajilda for their encouragement. These trio ensured that I wrote this paper even when I felt so reluctant.
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Wajilda, J.A. (2013). An Overview of the Economic Implications of Piracy and Armed Robbery Against Ships in Nigeria. In: Mejia, Jr., M., Kojima, C., Sawyer, M. (eds) Piracy at Sea. WMU Studies in Maritime Affairs, vol 2. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-39620-5_9
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