​The Nigerian Navy needs $1.3 billion to acquire new hardware to secure its territorial waters, according to Navy Chief of Naval Staff (CNS) Vice-Admiral Ibok-Ete Ekwe Ibas, who is seeking the acquisition of at least five new ships


Addressing a public hearing organised by the House of Representatives Committee on Maritime Safety and Administration, Ibas said the required long term acquisitions include a general-purpose frigate valued at $350 million, a long-endurance Offshore Patrol Vessel (OPV) valued at $120 million, a medium-endurance OPV estimated at $60 million, a landing platform dock ship worth $350 million and a landing ship-tank valued $90 million.

Other required assets include a submarine worth $300 million, a Seaward Defence Boat (SDB) worth $10 million and a specialised naval security helicopter at an estimated cost of $25 million.

Ibas said the new equipment would help the navy fully secure the country’s territorial waters against piracy, armed robbery at sea, crude oil theft and illegal bunkering, poaching, smuggling, vandalism, kidnapping, proliferation of small arms, illegal waste dumping and oil pollution.

However, he said the navy was concerned about the ‘substantially progressive decrease’ in government budgetary allocations for its capital and overhead expenditures since 2012.

In 2016, the Nigerian Navy took delivery of several naval defence assets and platforms in a fleet recapitalization programme that involved local construction and servicing of naval vessels.

The new offshore patrol vessels NNS Unity and NNS Karaduwa were delivered by Chinese company Poly Technologies and commissioned alongside other boats that were produced or re-fitted locally.

The Speaker of the House of Representatives, Hon Yakubu Dogara, last month said that Nigeria is said to be losing about N7 trillion ($19 billion) annually in the maritime sector due to leakages in revenue generation and insecurity in the water ways.

“Between January and March 2016, several attacks were reported off Nigeria’s coast. This was said to involve pirates stealing cargoes of crude oil and petroleum products. Reports had it that, no fewer than 44 ship crew members were abducted. In the first half of this year, about over 20 commercial vessels were attacked in Nigerian waters. The increasing level of attacks and violence in the Gulf of Guinea have given Nigeria and other countries in the sub-region very damaging and negative image in addition to an estimated monthly loss of $1.5 billion to the country.”

“[The] prevalence of insecurity in our waters resulted in the loss of $1.3 billion annually to Illegal Unreported and Unregulated (IUU) fishing in West Africa alone yearly. We must tighten the legal and regulatory framework to stop these losses. The only way to promote intra- African trade in our water ways is to ensure safety and security of navigation in our waters.

“What is disturbing is that pirate attacks in West Africa are said to be occurring in our territorial waters, terminals and harbours and not in the high seas which effectively stopped intervention by international naval forces. Thus, the onus is on the Nigerian Navy to stem the tide and secure our territorial waters.”

Ibas said that spending more on the Nigerian Navy would save the country $4.4 billion from oil theft, $1 billion from illegal fishing and additional $6.70 billion from general insecurity annually.


Source : https://defensenigeria.blog/2017/08/17/nigerian-navy-requests-300-million-to-buy-a-submarine/

Is Alright .....

What!
.
Will that Submarine kill all the Bokoharam terrorist in the North?
Haba, if dat amount is invested in the military to get them advanced arms and ammunitions, the soldiers won't fear facing the terrorist, but with those old school weapons they are using, I doubt their victory.
.
.
And here u are, requesting for that huge amount for submarine, abeg PACK WELL.

Issokay

Better than waste the money to treat a dead man...

Fvck God

BininKingdom:
They should buy aircraft carrier and add to it,

Common mere guns they can't manufacture,

that's naija for you. They rely on imported goods and think that it is more valuable than home made goods.

What purpose will the submarine serve? or are they planning to enter Biafra through Onitsha........rather Uguta Lake

morbeta:
What purpose will the submarine serve? or are they planning to enter Biafra through Onitsha........rather Uguta Lake

What purpose? Like the Boko Haram Insurgency we should wait for events that warrants the purpose so we can once again apply the fire brigade approach in tackling Nigeria's security challenges.

Nigeria with the need to secure our waters. The illegal fishing is huge issue for all of West Africa. Chinese criminal are usually culprits. That aside is 7 ships really going to turn the tide against all this crime. I'm guessing we're also going to do joint task force with neighbors.

The benefits are Nigeria retains has more tax revenue. Then we also benefit with lower insurance cost for vessels. Then more trade since nobody is afraid of becoming captain Phillips of West Africa.

PS:
Nobody going to read past headline. Nothing but venom when this gets front page. This will be too hilarious.

Front Page: Lalasticlala

Unbelievable

Lolzz, how we intend to use submarine to fight the bokoharam?
In as much as we do not intend to invade our neighbourung countries, then submarine is unnecessary
secondly, what about the cost of maintainance?

Seguntimmy:
What!
.
Will that Submarine kill all the Bokoharam terrorist in the North?
Haba, if dat amount is invested in the military to get them advanced arms and ammunitions, the soldiers won't fear facing the terrorist, but with those old school weapons they are using, I doubt their victory.
.
.
And here u are, requesting for that huge amount for submarine, abeg PACK WELL.

What of the criminal niger delta militants?

Brand new or second hand use

So all the Engineering and Technological graduates in the military can't come up with a submarine even if it is a midget submarine.


Nigerian military is a useless military.


@ Blue3k

Supported.

Mitcheeew

$300m for submarine while hunger is killing the citizenry..
And this navy ogas will embezzle about $50m of the said amount..
For me am not interested after all boko haram don't operate under water

What do they need it for

Let Nigeria resolve ASUU strike first before we think of any stupid submarine.

Nigeria is not facing any external aggression so what does he need that amount of money for if not to loot it?Is it the pirate or crude oil smugglers that doesn't pose a threat to the nation.Money to flex after retirement.

What for? I haven't heard of any strides in the navy. I haven't even heard of them attacking the militants on the sea, which is actually supposed to be part of their duty.

hahahaha...wetin una won use am do..no bi to buy am bi the problem..una go fit maintain am??...no bi say in few years time we go see park for lagos island

$300 million ?? FG please share the money we can protect Ourselves.