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Nigeria loses N7trn to insecurity in high seas annually – Dogara

The Speaker, House of Representatives, Mr Yakubu Dogara, on Monday said Nigeria lost about N7 trillion annually to insecurity and revenue leakages in the waterways. Dogara said this at a public hearing on a Bill to amend the Maritime Operations Coordinating Board Act organised by the House of Representatives. The Bill seeks to ensure the repositioning of the board for effective control of maritime operations in Nigeria’s territorial waters and create the Maritime Security Fund.

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