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African Transport Ministers Plan Establishment of Maritime Bank

The Minister of Transportation, Rotimi Amaechi has met his West and Central Africa counterparts to deliberate on the establishment of a Maritime bank, according to a statement by his Media Assistant, Taiye Elebiyo-Edeni.

Amaechi and the Ministers met in Lagos on Friday at a one-day conference of Ministers of Transportation, under the auspices of the Maritime Organization for West and Central Africa (MOWCA), the statement said.

According to the Minister, the establishment of the bank had become imperative for the maritime development in the region. He stressed that Nigeria will make her financial contributions as soon as other countries paid up, especially given the fact that government had already made provisions for the bank in 2020 budget.

He said:“We couldn’t have been pushing and nobody is responding the way we thought everybody should respond. We will make our contribution, when others have made theirs.

Meanwhile, master Didier Mukanzu, Minister of Transport and Communication, the Democratic republic of Congo and MOWCA Chairman has expressed gratitude to the 25-member states, including Nigeria.

He recalled that the project was first adopted by the sixth session of the Bureau of Ministers held in Abidjan on August 9, 1999, saying: “So far, more than 20 years, many initiatives have been taken. But this time, the partners are there and ready to invest in the project.

“I, therefore, recommend that these partners should not won over by doubt, on the real desire of the sub-region to equip itself with an institution. Great achievements in the world have always begun with reservations at the beginning.”

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