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Like piracy kidnappings, the organisation of petro-piracy is complex, and require extensive planning, heavy weaponry, intelligence, and financing. [6] Moreover, pirate groups are dependent on strong connections to corrupt officials to gain access to security and to Nigerian economic infrastructures.
As for economic development, it is related to vitality of the oceans for the economy, and as such the concept of blue economy is central, concerning sustainable management strategies in relation to economic development. [33] Petro-piracy in the Gulf of Guinea is certainly a threat to economic development, as attacks on oil tankers and oil ...
Piracy in the Gulf of Guinea affects a number of countries in West Africa as well as the wider international community. By 2011, it had become an issue of global concern. [1] [2] Pirates in the Gulf of Guinea are often part of heavily armed criminal enterprises, who employ violent methods to steal oil cargo. [3]
The violence has contributed to Nigeria's ongoing energy supply crisis by discouraging foreign investment in new power generation plants in the region. From 2004 on, violence also hit the oil industry with piracy and kidnappings. In 2009, a presidential amnesty program accompanied with support and training of ex-militants proved to be a success.
Piracy in Nigeria This page was last edited on 25 August 2015, at 01:26 (UTC) . Text is available under the Creative Commons Attribution-ShareAlike 4.0 License ; additional terms may apply.
Online piracy is connected to the loss of 71,000 jobs and $12.5 billion annually in the U.S. economy, according to research from nonprofits in the marketing and internet safety industries.
On its face, the r/piracy subreddit is an online forum for discussing the topic of digital piracy, but it can lead to the sharing of illegal content. Westend61/Getty Images
Piracy had substantially increased in the Gulf of Guinea; the year began with five incidents each month, through March, in the Gulf, where acts of piracy had become heightened during 2015 through 2020, while, overall, piracy incidents declined globally. [3] The Covid-19 pandemic continued to impact maritime piracy in 2022. [4] [5]