Why Tinubu approved the operation of Regional Maritime Development Bank

8 hours ago 5
  • Nigeria volition beryllium location to the Regional Maritime Development Bank aft 16 years since the slope was conceptualised
  • A connection by the Minister of Marine and Blue Economy, Gboyega Oyetola, disclosed that Tinubu approved the bank’s constitution successful Nigeria
  • He disclosed that Tinubu besides approved the assignment of Adeniran Aderogba arsenic the bank’s archetypal president and main enforcement officer

Legit.ng’s Pascal Oparada has reported connected tech, energy, stocks, concern and the economy for implicit a decade.

The Minister of Marine and Blue Economy, Gboyega Oyetola, has announced that President Bola Tinubu has approved Nigeria’s hosting of the Regional Maritime Development Bank (RMDB).

Oyetola besides disclosed that Tibubu appointed Adeniram Aderogba arsenic the bank’s archetypal president and main enforcement officer.

Bola Tinubu appoints archetypal  president   for RMDBPresident Bola Tinubu approves arsenic the Regional Maritime Development Bank is acceptable to commencement successful Nigeria. Credit: State House
Source: Facebook

Tinubu appoints RMDB’s CEO

A connection from the minister's media bureau disclosed that the support signifies a historical takeoff of the task aft the thought was archetypal floated successful 2009, erstwhile members of the Maritime Organisation of West and Central Africa approved the bank’s establishment.

The connection said the agelong hold is present over, with President Tinubu’s assignment of the CEO, giving the needed boost to the determination maritime sector.

“This is simply a infinitesimal of large value for Nigeria and the full West and Central African sub-region”, the connection said.

RMDB begins operations aft 16 years

According to the minister, aft 16 years, the Regional Maritime Development Bank is yet starting operation, stating that Tinubu’s support breaks a longstanding hurdle and reaffirms Nigeria’s committedness to improvement and economical cooperation.

Daily Trust reports that the Regional Maritime Development is simply a dedicated fiscal instauration that volition supply semipermanent backing solutions for larboard infrastructure, fleet acquisition, shipping logistics, and intermodal transport infrastructure.

The slope is simply a cardinal inaugural aligned with President Tinubu’s agenda, prioritising infrastructure development, inclusive economical growth, and determination partnership.

Aderogba’s pedigree successful maritime administration

Oyetola said that Aderogba has implicit 3 decades of strategical acquisition successful maritime administration, finance, and investment.

The curate said Aderogba’s assignment is simply a bold and competent prime to determination the slope from conception to impact.

Gboyega said that Aderogba’s vocation spans assorted sectors, including serving arsenic enforcement director, concern and medication astatine the Nigerian Maritime Administration and Safety Agency (NIMASA), and arsenic acting manager wide of NIMASA.

Nigeria to big   Regional Maritime Development BankPresident Bola Tinubu appoints Adeniran Aderogba arsenic RMDB's president/CEO. Credit: State House
Source: Twitter

Aderogba worked successful elder positions astatine First Atlantic Bank and MBC International Bank, overseeing concern banking and structured finance.

Nigeria to big Africa Energy Bank

The determination comes a fewer days aft the Nigerian authorities said the model for the Africa Energy Bank, besides to beryllium headquartered successful Nigeria, is being developed.

The Nigerian Content Development and Monitoring Board (NCDMB) announced that the Africa Energy Bank (AEB) would commence operations earlier the extremity of the 2nd 4th of 2025. 

Felix Ogbe, enforcement caput of NCDMB, disclosed this during the Nigerian Oil and Gas Opportunity Fair (NOGOF 2025) connected Wednesday, May 22, 2025.

Ogbe expressed assurance that the AEB volition play a pivotal relation successful providing fiscal enactment to indigenous companies erstwhile afloat operational.

Ghana and others reason Nigeria's Interest African Energy Bank

Legit.ng earlier reported that arsenic African oil-producing nations hole to marque a decisive prime regarding the constitution of Africa's inaugural vigor bank, backed by an archetypal concern of $5 billion, dissent against Nigeria's connection has intensified.

A conjugation comprising Ghana, Egypt, South Africa, Benin Republic, Côte d'Ivoire, and Algeria has emerged successful staunch absorption to Nigeria's bid to big the fiscal institution.

These nations person engaged successful vigorous lobbying among influential stakeholders tasked with determining the bank's office location.

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Source: Legit.ng

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