National Economy
Thursday, September 18, 2025
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy
No Result
View All Result
Read News
National Economy
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy
No Result
View All Result
National Economy
No Result
View All Result
Home Lead-In

UN Approves Nigeria’s Maritime Expansion, Adds Vast New Territory

by `
1 year ago
in Lead-In
Reading Time: 2 mins read
UN Approves Nigeria’s Maritime Expansion, Adds Vast New Territory

UN Approves Nigeria’s Maritime Expansion, Adds Vast New Territory

Share on FacebookShare on TwitterShare on Telegram

You May Like

NPA Deploys Electronic Barriers To Curb Lagos Port Diversions

Local Airlines To Pay Duty, VAT On Aircraft, Tickets 2026

Nigeria has received United Nations approval to extend its continental shelf by 16,300 square kilometers, an area five times the size of Lagos State.
President Bola Tinubu received the report from the High Powered Presidential Committee (HPPC) on Nigeria’s Extended Continental Shelf Project on Tuesday, marking a significant milestone for the nation’s maritime boundaries and economic potential.
The UN’s approval, based on the United Nations Convention on the Law of the Sea (UNCLOS) 1982, grants Nigeria sovereignty over this additional maritime territory, expanding its jurisdiction beyond the existing 200 nautical miles. Initiated in 2009, the project reached this milestone after years of dedicated scientific and diplomatic efforts.
In a presentation to the president, Professor Larry Awosika, a marine scientist, and Aliyu Omar, Secretary of the HPPC, detailed the extensive research and negotiations that led to the UN’s decision.
“This approval by the United Nations Commission on the Limits of the Continental Shelf (CLCS) allows Nigeria to extend its continental shelf beyond 200 nautical miles. The newly approved area is approximately 16,300 square kilometers,” stated Surveyor Omar. He emphasised the strategic importance of this development for Nigeria, which holds significant economic potential, including hydrocarbons, gas, solid minerals, and a variety of sedentary species.
Omar outlined two options available to Nigeria following the approval: finalising the registration with the UN Secretary-General, which would take about a year, or acquiring additional data for a revised submission, potentially extending the process to four years. “The first option is to take the area gained and finalise the registration with the UN Secretary-General and close everything, meaning that we are satisfied with what we got. This will take at least one year.
“The second option is to take what we have right now, acquire more data, do a support write-up, and make a revised submission as recommended by CLCS for further consideration. This will take another four years. Either way, Nigeria will keep what has been approved.”
In simpler terms, Nigeria can either finalize the current approval with the UN, securing the newly gained territory within a year, or gather more data to support a revised submission, which could further extend the shelf and take about four years. Regardless of the chosen path, Nigeria will maintain the newly approved area.
Professor Awosika highlighted the meticulous scientific research that underpinned Nigeria’s successful submission.
“The approval came after years of detailed studies in geophysics, geology, and geography, coupled with strategic diplomatic efforts,” he said.
He also noted the importance of maintaining confidentiality regarding the sensitive data acquired during the surveys to protect Nigeria’s economic interests.
President Tinubu expressed his gratitude to the committee for their hard work and dedication. “This is a significant achievement for Nigeria. We have gained additional territory without conflict, showcasing our commitment to peaceful and strategic expansion,” the President remarked.
He also mentioned discussions with former President Muhammadu Buhari and international counterparts, including Brazil’s President Lula, emphasizing the importance of collaboration within economic and maritime boundaries.
The president commended the team for their expertise and commitment to advancing Nigeria’s interests. “I commend the team, and we must leverage this achievement to further explore opportunities in geography, hydrography, and marine life. Nigeria is grateful for your efforts,” he stated.

 

Tags: maritime
ShareTweetShare
Previous Post

FG Plans Fiscal, Tax Relief For Informal Sector Businesses

Next Post

Diaspora Remittances Fall 6.28% To $282.61m In Q1 2024

ANOTHER GOOD READ

NPA Deploys Electronic Barriers To Curb Lagos Port Diversions
Lead-In

NPA Deploys Electronic Barriers To Curb Lagos Port Diversions

3 days ago
Local Airlines To Pay Duty, VAT On Aircraft, Tickets 2026
Lead-In

Local Airlines To Pay Duty, VAT On Aircraft, Tickets 2026

3 days ago
Federal Government Scraps 5% Telecom Tax To Ease Subscriber Burden
Lead-In

Federal Government Scraps 5% Telecom Tax To Ease Subscriber Burden

3 days ago
Stop Motor Park Touts Now, Nigerians Tell Government
Cover

Stop Motor Park Touts Now, Nigerians Tell Government

3 days ago
Nigeria, China Strengthen Ties On Maritime Sector Development
Lead-In

Nigeria, China Strengthen Ties On Maritime Sector Development

1 week ago
PenCom Issues New Pension Fund Reporting Rules
Lead-In

PenCom Issues New Pension Fund Reporting Rules

1 week ago
Next Post
Diaspora Remittances Fall 6.28% To $282.61m In Q1 2024

Diaspora Remittances Fall 6.28% To $282.61m In Q1 2024

Most Recent

Pension Operators Sensitise Young Professionals On Cancer Awareness

FG Inaugurates Pension Council

September 18, 2025
Supreme Court Affirms Governor Aiyedatiwa’s Victory, Ends Prolonged Legal Battles

Supreme Court Affirms Governor Aiyedatiwa’s Victory, Ends Prolonged Legal Battles

September 18, 2025
Nigeria’s Energy Transition Gains Boost As Lighting Expo Opens In Lagos

Nigeria’s Energy Transition Gains Boost As Lighting Expo Opens In Lagos

September 18, 2025
Federal Gov’t Approves ₦142bn For Bus Terminals In 6 Geopolitical Zones

FG Disburses N330bn To 15m Vulnerable Households

September 18, 2025
Renewed Hope Agenda: *Group Passes Vote Of Confidence On Tinubu’s Minister, Imaan Sulaiman-Ibrahim*

Renewed Hope Agenda: *Group Passes Vote Of Confidence On Tinubu’s Minister, Imaan Sulaiman-Ibrahim*

September 17, 2025
LG Electronics Inaugurates Solar-powered Borehole, Free Laundry Facility In Abeokuta

LG Electronics Inaugurates Solar-powered Borehole, Free Laundry Facility In Abeokuta

September 16, 2025
How Fintech Can Untie Puzzle At  Bottom Of The Pile

How Fintech Can Untie Puzzle At Bottom Of The Pile

September 15, 2025
16 Teams For 9ja Cafe Rhum /Late Pa Ayo Rosiji Football Championship

16 Teams For 9ja Cafe Rhum /Late Pa Ayo Rosiji Football Championship

September 15, 2025
Advertise with us

© 2024 | National Economy

No Result
View All Result
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy

© 2024 | National Economy