Piracy is a significant challenge in the shipping industry, particularly in the Gulf of Guinea, which has been identified as one of the most piracy-prone areas in the world. Piracy incidents in this region often involve armed attacks, hijackings, and kidnappings of crew members for ransom, amongst other criminal activities.

In Nigeria, the issue of piracy is particularly significant due to the Country’s proximity to the Gulf of Guinea. Nigeria is an important player in the global oil and gas industry, and its internal waters are heavily trafficked by shipping vessels transporting valuable cargo. The growing increase in piracy presents unique challenges and risks in this region.

This insight briefly expounds on piracy, the potential risks associated with piracy in Nigerian territorial waters, and some recommended approaches for addressing this growing menace in the shipping industry.