ADEGBOYEGA Oyetola, the Minister of Marine and Blue Economy has emphasized Nigeria’s unwavering dedication to the leadership of the Maritime Organisation of West and Central Africa (MOWCA), and the advancement of the Regional Maritime Development Bank.
In a meeting with Dr. Paul Adaliku, Seceretary-General of MOWCA in Abuja last Thursday, Oyetola commended the bank as a crucial driver for maritime progress, aimed at financing platforms and infrastructure vital for economic expansion.
Towards MOWCA’s upcoming workshop in Libreville, Gabos, focusing on preventing waterway accidents, the minister advocated for similar initiatives to bolster waterways safety within Nigeria.
The minister urged all MOWCA member nations to actively contribute towards ensuring sufficient financing for the maritime bank. He assured transparency in nominating qualified individuals, including key positions like the bank’s President and Managing Director.
While commending Adaliku for his effective leadership in organizing MOWCA Secretariat and promoting corporate governance, Oyetolda stressed the importance of thorough due diligence to prevent any missteps during the bank’s inception.
Adalikwu, who was on his maiden his to the marine and blue economy ministry highlighted Nigeria’s increasing stake in regional maritime affairs, noting that nice countries have already signed up for the bank, meeting the minimum endorsement requirement, with 51% of its shares reserved for member countries and 49% for private sector stakeholders.
He also informed the minister about the improved accountability and transparency within MOWCA under his tenure with detailed annual reports now available for member countries.
Additionally, Adalikwu announced Nigeria’s invitation to join the board of the Regional Maritime University in Ghana, further solidifying the country’s role in regional maritime education and development.
The meeting concluded with assurances of continued cooperation between Nigeria and MOWCA towards enhancing maritime interests and safety in the region.
