The Regional Maritime Development Bank (RMDB) was established with President Bola Tinubu’s approval, and Mr. Adeniran Aderogba was named as its first CEO.
This was revealed Thursday in Abuja by Adegboyega Oyetola, the Minister of Marine and Blue Economy.
He claims that it has taken sixteen years for Tinubu to be approved.
According to Oyetola, the bank will function as a financial organization that supports multimodal transport systems, port infrastructure, fleet procurement, and shipping logistics.
The RMDB, he continued, is in line with Tinubu’s Renewed Hope Agenda, which places a strong emphasis on regional collaboration and infrastructure development.
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For Nigeria and the whole West and Central African subregion, this is a momentous occasion.
“Thanks to President Bola Ahmed Tinubu’s decisive leadership, the Regional Maritime Development Bank is finally taking off after 16 years of waiting,” Oyetola stated.
Recall that the Maritime Organization of West and Central Africa (MOWCA) member states initially approved RMDB in 2009, but it has since stalled.
Aderogba, who leads the new bank, has more than 30 years of expertise in investment, finance, and maritime administration.
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