Dwindling Oil Revenue Base: Buhari Charges Nigerian Navy to protect Infrastructure

President Muhammadu Buhari made this disclosure in Kano on Friday saying “This is because, given our present high dependence on oil revenues, the Nigerian Navy is undeniably a critical contributor to the mainstay of the Nigerian economy.

“To this end, the current administration has demonstrated great commitment to addressing the challenges of the Nigerian Navy as testified in recent fleet acquisitions,” he said.

Represented by the Minister of Defence, Major Gen Bashir Magashi (rtd), Buhari said, “Accordingly, it is a worthwhile investment to encourage the Navy in order to guarantee our economic wellbeing, within the context of the government’s effort to revamp and reposition our economy for the prosperity of the good people of Nigeria.

“As the Service statutorily charged with the security of the vast strategic resources in the nation’s maritime domain, the Nigerian Navy has proven to be a tireless and vigilant custodian of our maritime environment.

Commending the “untiring efforts of the Nigerian Navy which has seen to the reduction of crude oil theft, violent crimes and other illegalities in the nation’s maritime domain”, he said, ” It is gratifying to also note your zeal and patriotic commitment to internal security duties in the hinterland and the nation’s adjoining waterways as exemplified in the robust deliberations of this Conference.

“The doggedness of your officers and ratings, in synergy with other Services and agencies has significantly contributed to instilling peace and tranquillity in most riverine and coastal communities.

Presenting the Communiqué of the conference, the Chief of Policy and Plans, Nigerian Navy, Rear Admiral Christian Ezekobe said, “While legislative initiatives by the National Assembly are desirable to bolster the development of the Blue Economy in the medium-to-long term, efforts are to be re-doubled by the NN to facilitate cross-sectoral policy initiatives to galvanize due action on the triad Blue Economy pillars of livelihood, national economic development and sustainable exploration and exploitation of the marine environment.

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