Maritime
Maritime Accounts For 70% Of Nigeria’s Revenue – Minister
The Minister of Defence, Major Gen. Bashir Magashi (rtd.), says the nation’s maritime environment accounts for about 70 per cent of the Federal Government’s revenue.
He said that the government was concerned about rising activities of oil thieves, illegal oil bunkering and pipeline vandals that constituted threat to the nation’s revenue generation.
He stated this during the presentation of 50 gunboats to the Navy by Aiteo firm to tackle attacks on critical oil and gas facilities by vandals.
“More worrisome is the fact that sustained oil pipeline vandalism has led to environmental degradation in the Niger Delta, resulting in agitations in the region.
“This underscores the need to employ a robust protection and defensive measure that would encompass the surveillance, monitoring and prompt interdiction of potential threats”, he said.
Also speaking, Chief of Defence Staff, Gen. Lucky Iraboh, said the new platforms would be deployed to complement other internal security operations across the country.
Iraboh assured that the boats would be used for its set objectives of securing lives and property, including the nation’s oil and gas installations.
Earlier, the Chief Executive Officer, Aiteo firm, Benedict Peters, said the company decided to donate the equipment to the Navy due to series of attacks on critical oil and gas facilities by vandals.
A director in the company, Andrew Oru, who represented the COE, expressed optimism that the equipment would complement Federal Government’s efforts in tackling the menace.
“We know that the Nigerian Navy stands in the best position to address this menace if adequately equipped and supported.
“Aiteo resolved to maximally lend its hands of fellowship by handing over these operational support equipment to enable the navy to secure the waterways and facilities”, he said.
By: Chinedu Wosu
Maritime
NSEMA Blames Boat Mishap On Overloading

Maritime
Customs Records N3.68tn Revenue In First Half, 2025

Maritime
Shippers Partner NAPTIP, MMS Against Human Trafficking

-
Sports1 day ago
FIFA rankings: S’Eagles drop Position, remain sixth in Africa
-
Sports1 day ago
NNL abolishes playoffs for NPFL promotion
-
Sports1 day ago
CAFCL : Rivers United Arrives DR Congo
-
Sports1 day ago
NPFL club name Iorfa new GM
-
Sports1 day ago
Kwara Hopeful To Host Confed Cup in Ilorin
-
Sports1 day ago
NSF: Early preparations begin for 2026 National Sports Festival
-
Sports1 day ago
RSG Award Renovation Work At Yakubu Gowon Stadium
-
Sports1 day ago
RSG Pledges To Develop Baseball