Business News of Friday, 21 November 2025

Source: www.nationsonlineng.net

Nigeria leverages zero-piracy record, blue-economy reforms in bid for IMO council seat

Minister of Marine and Blue Economy, Dr. Adegboyega Oyetola Minister of Marine and Blue Economy, Dr. Adegboyega Oyetola

Nigeria has intensified its diplomatic efforts to secure a seat on the International Maritime Organisation (IMO) Council, banking on its four-year zero-piracy record and ongoing blue-economy reforms to gain support ahead of next week’s election.

The Minister of Marine and Blue Economy, Dr. Adegboyega Oyetola, on Thursday made a direct appeal to more than 150 delegations during a high-level diplomatic lunch at the IMO headquarters in London, framing Nigeria’s maritime achievements as central to its Category C bid.

Oyetola told ambassadors and maritime policymakers that Nigeria’s quest for Category C membership is rooted in measurable contributions to global shipping security and economic stability.

He stressed that the country’s transformation of the Gulf of Guinea—once regarded as a global piracy hotspot—now stands as one of the world’s most notable maritime security turnarounds.

“Nigeria is not just a contender but a country whose actions in maritime security, environmental responsibility, and blue-economy reforms have directly advanced global seaborne trade,” he said, adding that the nation’s candidature rests on “tangible achievements rather than promises.”

Citing International Maritime Bureau data, the minister reaffirmed that Nigeria has recorded zero piracy incidents in its waters in the last four years.

He credited the milestone to regional cooperation and the Deep Blue Project, which he described as decisive in curbing maritime crime, safeguarding international shipping, and boosting confidence among seafarers, insurers, and investors.

Maritime analysts say Nigeria’s improved security profile has already led to reduced insurance premiums, increased investor confidence, and a gradual rise in shipping traffic—benefits the country hopes to expand with a seat on the IMO Council.

Oyetola assured IMO delegates that Nigeria’s policies align with the organisation’s long-term priorities, particularly in port efficiency, sustainable ocean industries, and enhanced environmental safeguards.

He emphasised that Nigeria’s bid “seeks to strengthen partnerships rather than prestige,” acknowledging the IMO’s role in shaping fair and predictable global shipping rules.

The minister urged member states to grant Nigeria their “trust, friendship, and votes,” noting that the country is committed to advancing safety, security, environmental stewardship, and maritime development on the global stage.

“The seas unite us far more than they divide us,” he told delegates.

The minister also used the platform to express solidarity with countries recently affected by hurricanes and natural disasters in the Caribbean and the Philippines, stressing that global maritime cooperation “must be underpinned by compassion and unity.”

With broad goodwill reportedly building around Nigeria’s campaign, expectations are rising ahead of the Friday, 28 November vote, where the country hopes to return to the IMO Council and strengthen its influence in global maritime governance.