Japanese envoy says piracy in Gulf of Guinea hinders trade

APA– Lagos The Japanese Ambassador to Nigeria, Kazuyoshi Matsunaga, has said that piracy in the Gulf of Guinea region is discouraging foreign investment, hampering international trade and businesses along the corridor. Speaking at the unveiling of the counter-piracy and response in the Gulf of Guinea, a project was sponsored by the government of Japan at the.

APA – Lagos (Nigeria) The Japanese Ambassador to Nigeria, Kazuyoshi Matsunaga, has said that piracy in the Gulf of Guinea region is discouraging foreign investment, hampering international trade and businesses along the corridor.

Speaking at the unveiling of the counter-piracy and response in the Gulf of Guinea, a project was sponsored by the government of Japan at the

the Martin Luther Agwai International Leadership and Peacekeeping Centre (MLAILPKC) in Abuja on Tuesday, Matsunaga said that due to the increase in piracy activities and it’s debilitating effect, the Gulf of Guinea had been described as the world’s most challenging piracy zone.

He lamented that piracy in the region had also been a recurrent phenomenon with serious concern to the countries bordering the area and the international community.

The envoy, who was represented by the First Secretary, Tomoyoshi Maehira, said: “The activities of piracy does not only remain a serious threat to trade and businesses of the coastal communities, but also retards the economies of the GoG countries, particularly Nigeria.”

He added that it was against this backdrop that the Government of Japan decided to fund the Regional and National Counter – Piracy Project to ensure peace and stability in the Gulf of Guinea and to boost regional and global trades.

“The project is critical to ensuring the security and safety of trades and seafarers and aims to increase international trade, contributing to sustainable development in the region,” local media reports on Wednesday quoted the envoy as saying.

In his remarks, Nigeria’s Minister of State for Budget and National Planning, Mr. Clement Agba, said that the Gulf of Guinea had remained the epicentre of sea criminalities of the years.

Agba, who was represented by the Director, International Cooperation, Lanre Adekanye, said that the growing number of criminal activities in the region underscored the need for the project.

He commended the government of Japan and the UNDP for funding the project, complementary partnerships and provision of technical support where necessary.

“Let me on behalf of the government of Nigeria, acknowledge and appreciate the long standing bilateral ties between Nigeria and the government of Japan.

The Deputy Resident Representative of the UNDP, Lealem Dinku, said the region had continued to be a dangerous hotspot area for seafarers with 43 per cent of global reported piracy incidents.

Dinku, who was represented by the Team Lead, Governance, Peace and Security, Matthew Alao, added that all 40 kidnapped crew incidents occurred in the region in the first quarter of 2021.

He said concerted efforts of regional and international navies, especially the Nigerian Navy, had led to reduction in piracy incidents from 16 in quarter one of 2021 to seven over the same period in 2022.

“In spite of this, piracy and maritime crimes continue to pose serious threats to international trades, the safety of seafarers, and regional and global development

“The realisation of the economic importance of this maritime route to regional and international trades and businesses prompted the intervention of the Government of Japan, in partnership with UNDP, to fund projects in this area,” he said.

GIK/APA

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