Lagos - Unless tackled quickly and effectively, pirate attacks off the West African coast will increase sharply in 2014.
So far, there have been over 360 attacks on merchant shipping in 2013 with the figure expected to double to 700 in 2014, reports Leadership.
Pirate attacks have spiked in recent months, fueling fears that the illicit activity could threaten oil exports and ultimately hamper growth in the region.
Countries on the West African coast, including Nigeria, Ghana and Ivory Coast, are major sources of oil and cocoa and metals for world markets.
Read more at Leadership