‘Maritime Bank Focusing On National Carrier, Shipbuilding, Port Modernisation, Others’

The president of the Regional Maritime Development Bank (RMDB), Adeniran Aderogba, yesterday, disclosed that the bank’s strategic focus includes the development of a national shipping carrier, cabotage vessel financing, shipbuilding and repair facilities, port construction and modernisation, inland waterways transportation, and multimodal logistics integration.

Aderogba who disclosed this when he met with top officials of the Federal Ministry of Marine and Blue Economy and key stakeholders from relevant Ministries, Departments and Agencies (MDAs) in Abuja, said the meeting was focused on aligning national efforts toward maritime sector growth and infrastructure development.

During the session, Aderogba presented a comprehensive presentation of the Bank’s implementation strategy and priority areas which triggered a series of robust discussions and stakeholder input aimed at fostering institutional synergy.

He emphasised the importance of these interventions in enhancing Nigeria’s position as a maritime hub in West and Central Africa.

“At RMDB, we envision a maritime industry that drives sustainable economic growth, regional trade competitiveness, and job creation,” Aderogba stated.

“Our implementation plan addresses critical gaps in maritime infrastructure and capacity, with a sharp focus on building a national carrier to assert Nigeria’s presence in international shipping, financing cabotage vessels to promote indigenous participation, and investing in shipbuilding and repair yards that reduce capital flight.

This is not just about financing projects; it’s about creating a legacy of maritime excellence, resilience, and regional integration. Collaboration with all relevant government agencies and private sector actors is central to our mission.”

The meeting brought together key maritime and economic development stakeholders including officials from the Federal Ministry of Finance, Ministry of Petroleum Resources, Nigerian Maritime Administration and Safety Agency (NIMASA), Nigerian Ports Authority (NPA), National Inland Waterways Authority (NIWA), Nigerian National Petroleum Company Limited (NNPC), and the Nigerian Content Development and Monitoring Board (NCDMB).

Participants commended the RMDB for its visionary plan and reaffirmed their readiness to collaborate with the Bank in achieving shared national objectives.

The meeting also identified areas of potential synergy, particularly in policy alignment, infrastructure investment, regulatory support, and access to finance for local maritime operators.

An inter-ministerial committee is to be set up to provide immediate policy support for the implementation of projects.

With the RMDB expected to play a catalytic role in mobilising financing and technical expertise across West and Central Africa, the meeting marks a pivotal moment in the drive to reposition Nigeria’s maritime and blue economy as a pillar of sustainable development and regional leadership.