Hi, I am looking for someone to write an article on the effects of piracy, smuggling, and robbery on the economy in nigeria waterways Paper must be at least 2250 words. Please, no plagiarized work!

Hi, I am looking for someone to write an article on the effects of piracy, smuggling, and robbery on the economy in nigeria waterways Paper must be at least 2250 words. Please, no plagiarized work! The report of maritime piracy in the Gulf of Guinea revealed that big vessels containing petroleum products are the main targets for piracy. It has been expected that the emerging black market for fuel is the main reason for piracy attacks on petroleum vessels. The piracy attack upon the oil vessels further indicates the risks of international oil smuggling. It has also been observed that piracy, smuggling, and robbery of oil have become one of the most common criminal conducts taking place in Nigeria (UNODC, 2014).

It is also stated that the increasing rates of piracy in Nigeria have ranked it among the most unsafe countries after Somalia. To be mentioned in this context, the impact of maritime piracy is comparatively higher in western African countries. Observably, trends in Nigerian piracy are quite different from the piracy trends observed in other economies. For instance, the neighbouring country of Nigeria, Somalia is mainly identified to pirate various types of goods and commodities, which are essential for the domestic trade of the economy, while in Nigeria, the prime target of smugglers are noted to be the oil barrels that act as the pillar to its overall sustainability (Unofficial Networks, 2014). However, similarities between the trends observed in these two countries reveal that the governments are too much affected by piracy in waterways rather than on lands (Neethling, 2010).

The bunkering, extortion, smuggling, and kidnapping are common terms related to the oil industry. Theoretically explaining, bunkering refers to the situation, where stolen oil barrels are pirated directly from pipelines, following which it is artificially refined and sold in the local market as well as exported to the international market. In addition, there are several other illegal activities, which are taking place with respect to the smuggling of oil in Nigeria. For instance, the oil company employees are often reported to be kidnapped for ransoms. It is also noted that oil companies are providing some extortion money as a security purpose for protecting oil pipelines.