Maritime Bank will boost African economy

By Dirisu Yakubu

Minister of Transportation, Rotimi Amaechi has reiterated Nigeria’s readiness to go on with the Regional Maritime Development Bank Project provided two-third of member states accept the decision reached by the Maritime Organisation of West and Central Africa, MOWCA.

Amaechi disclosed this shortly after declaring open the meeting of MOWCA Committee of Experts on the Regional Maritime Development Bank Project and Interim Board of Directors on Tuesday in Lagos.

It would be recall that MOWCA member states  having  identified  the  major deficit  in  the  development  of  indigenous  participation  in  the  regional  maritime  sector  and  associated value  chain,  had  via  a  resolution  at  an  annual  general  session,  resolved  …

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