“All of the economic activities that take place around the Seas and Oceans are jeopardized, if security is not assured. And that is one of the reasons that this Charter is devoted to ensuring security,” Osinbajo noted over the weekend in Lome, where about 35 African leaders gathered in a one-day summit.
Speaking with reporters at the end of the summit, the Vice President noted for instance that the Gulf of Guinea and the Horn of Africa in particular “are areas where there had been a lot of piracy and in our case the Delta.”
He explained that this is why Nigeria and other AU nations are devoted to the question of security of the oceans.
“The most important thing for us is that we are working with other members-states of the AU to ensure we are able to police the seas and our waters. To ensure that we are able to yield the maximum benefits from the blue economy and that is really why we are here, and so focused on this,” according Vice President Osinbajo.
Continuing, he said the focus on the maritime issue is because “as we know 90% of African trade is by the Seas, so no matter how we slice it, this is absolutely important to us.”
By signing the charter, African leaders intend to improve security off the coasts, and hope to inspire greater, coordinated economic activities and development.