The Provisionary Committee of the proposed Nigerian Coast Guard (PC-NCG) has said that establishing the
Nigerian Coast Guard would earn the country an estimated N90 trillion annually, improve maritime security, curb piracy and enhance trade as well as other maritime resources.
Chief Executive/Accounting Officer of the PC-NCG, Capt. Noah Ichaba, in a statement on Monday emphasized that the coast guard is crucial for tapping Nigeria’s maritime potentials and addressing the challenges in the blue economy.
The statement signed by his Director of Communications and Public Affairs, Piriye Kiyaramo, hinted that effective management and regulation of Nigeria’s vast maritime territory would be key to unlocking this revenue.
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The PC-NCG boss furrher appealed to President Bola Tinubu, and stakeholders to swiftly facilitate the establishment of the Nigerian Coast Guard, citing the vision outlined at the National Institute for Policy and Strategic Studies (NIPSS) SEC 47 and the report’s recommendations where participants called for decisive action to tap Nigeria’s blue economy potential.
Capt. Ichaba pointed out that by creating a safer, secure and properly regulated environment that could stop existing economic leakages, wastages and disadvantages associated with the nation’s revenue from the marine and blue economy sectors, the country will improve on its maritime earnings.
He contended that narrowed, informal and fragmented engagements in the maritime sector is counterproductive.
The PC-NCG boss expressed optimism that, by carrying out its duty of enforcement of maritime laws and performing other array of responsibilities, Nigerian Coast Guard will effectively optimize revenue from the maritime sector and its sub-entities.
“The optimization of revenue and operations that will be involved will enhance safety, security and other scenarios that will attract better shipping businesses, curb illicit activities and foster the growth of the marine and blue economy as well as its sub-sectors.
“It will also prevent smuggling and piracy through enforcement of maritime laws; which will stop loss of billions of Naira in customs duties due to smuggling and piracy,” .
