President Bola Tinubu has approved the establishment of the Regional Maritime Development Bank (RMDB) and appointed Mr. Adeniran Aderogba as its pioneer Chief Executive Officer.
The Minister of Marine and Blue Economy, Adegboyega Oyetola, disclosed this in Abuja on Thursday.
According to him, Tinubu’s approval comes after sixteen years of delays.
Oyetola noted that the bank will serve as a financial institution dedicated to supporting port infrastructure, fleet acquisition, shipping logistics, and intermodal transport systems.
He added that the RMDB aligns with Tinubu’s Renewed Hope Agenda, which emphasises infrastructure growth and regional partnerships.
“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 taking off, thanks to the decisive leadership of President Bola Ahmed Tinubu,” Oyetola said.
Recall that RMDB was first approved in 2009 by member states of the Maritime Organisation of West and Central Africa (MOWCA) but had been stalled until now.
Aderogba, who takes the helm of the new bank, brings over 30 years of experience in maritime administration, finance, and investment.
