Investor Presentaiton
Rising insecurity with no particular attention to maritime safety resulting in a decline
in business operations.
There is still an urgent need to improve the security of this Industry. Piracy in Nigeria is due to
the high level of corruption in the country. Piracy, sea-robbery and illegal bunkering are still in
existence up till this moment. Even when there is an increase of military intervention, there
are still some loopholes in the system.
► In an attempt to increase the safety, Nigerian Maritime Administration and Safety Agency
(NIMASA) encouraged the Nigerian Air force to provide air tactical support for sea-based
operations against illicit operations of ships (dj-univ).
BACKGROUND TO CURRENT
ECONOMIC/SOCIAL CLIMATE (2015-2022
IN REVIEW).
XCELLON
CAPITAL ADVISORS
PEOPLE + IDEAS + SOLUTIONS
15
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