The Minister of Marine and Blue Economy, Adegboyega Oyetola, has announced the appointment Mr. Adeniran Aderogba, as the first President and Chief Executive Officer of the Regional Maritime Development Bank (RMDB) following
President Bola Tinubu gave approval for Nigeria’s hosting of the bank.
Oyetola noted that the approval marked the historic takeoff of a project that has been in the works since 2009, when member states of the Maritime Organisation of West and Central Africa (MOWCA) first approved the establishment of the bank.
The long delay in operationalising the institution, he said, was now over, with Tinubu breaking yet another jinx and giving a much-needed boost to the regional maritime sector.
Oyetola, in a statement issued on Thursday by his Media and Communications Adviser, Bolaji Akinola, hinted that it was a moment of great significance for Nigeria and the entire West and Central African sub-region.
He opined that After 16 years of waiting, the Regional Maritime Development Bank was finally taking off.
Oyetola added: “Thanks to the decisive leadership of President Bola Ahmed Tinubu. His approval not only breaks a longstanding deadlock but also reaffirms Nigeria’s commitment to regional integration, maritime development, and economic cooperation.
“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.
“It is a cornerstone initiative aligned with President Tinubu’s Renewed Hope Agenda, which prioritises infrastructure development, inclusive economic growth, and regional partnership.”
Oyetola added that Aderogba brings over three decades of strategic experience in maritime administration, finance, and investment.
He noted that his extensive career spans the public and private sectors. He 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.
Oyetola stressed that in the financial sector, he held senior leadership roles at First Atlantic Bank Plc and MBC International Bank Ltd, where he oversaw investment banking and structured trade finance.
He is also the founder of CLG Securities Limited, a financial advisory and investment services firm.