Marine & Blue Economy Minister Announces Appointment Of Adeniran Aderogba As CEO Of Regional Maritime Development Bank

Minister of Marine and Blue Economy, Adegboyega Oyetola has announced President Bola Tinubu’s approval for Nigeria’s hosting of the long-awaited Regional Maritime Development Bank (RMDB), and appointment of a Nigerian, Mr. Adeniran Aderogba, as the Bank’s first President and Chief Executive Officer.

The approval marks the historic takeoff of a project that has been in the works since 2009, when member states of the Maritime Organization of West and Central Africa (MOWCA) first approved the establishment of the bank. The Minister stated this in a press release by his Adviser on Media and Communications, Bolaji Akinola.

ALSO READ: President Tinubu To NNPC Limited Board: I Count On Your Experience To Turn The Economy Around

Oyetola adds that this is a moment of great significance for Nigeria and the entire West and Central African sub-region.

The Minister emphasised that after 16 years of waiting, the Regional Maritime Development Bank is finally taking off, thanks to the decisive leadership of President Bola Ahmed Tinubu.

The President’s approval not only breaks a longstanding deadlock but also reaffirms Nigeria’s commitment to regional integration, maritime development, and economic cooperation, Oyetola stated.

The Regional Maritime Development Bank is envisioned as a dedicated financial institution that will provide long-term funding solutions for port infrastructure, fleet acquisition, shipping logistics, and intermodal transport systems.

The Minister said the Bank’s CEO brings over three decades of strategic experience in maritime administration, finance, and investment.

Mr. Aderogba previously served as Executive Director, Finance and Administration at the Nigerian Maritime Administration and Safety Agency (NIMASA), and was later appointed Acting Director General of the Agency.