Nigeria loses billions of dollars annually to piracy~ Osinbajo laments as he commissions…

Vice President, Professor Yemi Osinbajo, on Tuesday, commissioned a surveillance system called Falcon Eye, to curb maritime threats in the country.

This was disclosed in a statement released by the Senior Special Assistant to the Vice President on Media and Publicity, Laolu Akande.

Said the Vice President: Nigeria loses billions of dollars annually to various forms of criminality particularly piracy and sea robbery. This necessitated the need to enhance our maritime security architecture.

Nigeria’s deployment of the Falcon Eye for maritime security will help in degrading piracy and other crimes in the Gulf of Guinea and beyond. The surveillance facility incorporates various sensors located along the nation’s enormous coastline

The risks in those areas, insurance premiums from commercial vessels have made maritime trade an unattractive proposition.

VP, Prof Yemi Osinbajo

Our economic aspirations and commitment to international trade recognizes that the maritime industry occupies a prominent position in the matrix of our economic interests.

Between the Deep Blue project and the Falcon Eye, Nigeria will significantly increase its national capabilities in maritime surveillance and criminal interdiction within our territorial waters.

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