Adegboyega Oyetola, the Minister of Marine and Blue Economy, has declared that President Bola Ahmed Tinubu has approved Nigeria’s hosting of the long-anticipated Regional Maritime Development Bank (RMDB) and has appointed Mr. Adeniran Aderogba as its inaugural president and CEO.
Dr. Bolaji Akinola, who serves as Media and Communications Adviser to the Minister of Marine and Blue Economy, issued a statement noting that the approval signifies the historic launch of a project that has been in development since 2009, when member states of the Maritime Organisation of West and Central Africa (MOWCA) initially approved the creation of the bank.
The institution has finally been operationalised after a long delay, with President Tinubu breaking yet another jinx and providing a much-needed boost to the regional maritime sector. This is a moment of great significance for Nigeria and the entire West and Central African sub-region. After 16 years of waiting, the Regional Maritime Development Bank is finally launching, thanks to President Bola Ahmed Tinubu’s decisive leadership. “His endorsement not only ends a protracted stalemate but also reaffirms Nigeria’s dedication to regional integration, maritime development, and economic collaboration,” the minister stated.
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