The proposed Regional Maritime Development Bank will ensure funding of ports infrastructure, acquisition of ocean going and crude oil affreightment vessels, aquaculture, human capacity development and deepening of the maritime value chain in Nigeria.

Disclosing this in a statement, the Nominated Director of the Bank, Theo Patrick, said the specialised multilateral development financial institution is being berthed to ameliorate the many challenges facing the maritime sector and the indigenous operators, which has defied solutions.

For more information, please see https://guardian.ng/business-services/proposed-maritime-bank-to-boost-ports-infrastructure-vessel-acquisition/