President Bola Tinubu has praised the Nigerian Navy for significantly reducing crude oil theft and eliminating piracy within Nigeria’s territorial waters.

Speaking on Monday at the launch of the Nigerian Navy International Fleet Review at the Eko Atlantic Waterfront in Lagos, Tinubu said the service’s improved surveillance systems, rapid response mechanisms and operational effectiveness had strengthened maritime security and protected coastal communities.

The event was the flagship programme marking the Navy’s 70th anniversary, commemorating its establishment on June 1, 1956.

According to the President, the Navy’s efforts have helped curb maritime crime and support economic growth by safeguarding the country’s maritime environment.

“Through effective integration of surveillance, rapid response mechanisms and operations, you have successfully eradicated piracy in our waters and significantly curtailed crude oil theft and associated maritime crime,” Tinubu said.

The ceremony also featured the commissioning of three naval vessels, NNS Mambila, NNS Gurara and NNS Oloibiri, alongside a presidential trooping and presentation of new colours.

Beyond maritime operations, Tinubu commended the Navy’s role in tackling terrorism and insurgency, particularly the performance of its Special Boat Services unit in carrying out complex security missions across the country.

He urged naval officers and leadership to maintain high professional standards and continue strengthening operational capabilities to meet evolving security challenges.

Reflecting on the force’s seven-decade history, Tinubu said the Navy had grown from a fledgling service into a modern and sophisticated maritime power.

He described the Nigerian Navy as a pillar of national stability and economic prosperity, adding that it had emerged as one of the continent’s leading naval forces.

The President congratulated the service on its 70th anniversary and challenged personnel to sustain the achievements recorded so far.