Nigerian Shippers' Council and Navy Oppose War Risk Insurance on Nigeria-Bound Cargo
DEFENSE
The Nigerian Shippers' Council and Navy have condemned the war risk insurance imposed on Nigeria-bound cargo, emphasizing there have been no pirate attacks in three years. They call for the federal government to leverage international diplomacy to address this exploitation.
The Navy's leadership suggests claims of danger due to their presence at ports may stem from international conspiracies, noting their successful patrols have maintained security. Both agencies are working to enhance trade facilitation under the African Free Continental Trade Area Agreement and aim to delist Nigeria from the war risk zone to lower freight costs.

Mar 2, 2026, 2:52 PM