11 Sep, 2025
4 mins read

$500m Spent on War Risk Insurance, Stakeholders Refute Minister’s Claim

Stakeholders in Nigeria’s maritime sector have strongly disputed recent claims by the Minister of Marine and Blue Economy, Adegboyega Oyetola, that piracy has been eradicated in Nigerian waters and that the country no longer bears the burden of war risk insurance (WRI). The Sea Empowerment and Research Centre (SEREC), a prominent maritime advocacy group, revealed […]