Defence/Security

Navy, NEXIM Bank sign MoU towards opening up inland waterways for International Trade

Published

on


The Nigerian Navy on Thursday signed a Memorandum of Understanding (MoU) with the Nigerian Export-Import Bank (NEXIM), to open up the nation’s inland waterways to boost maritime movement of goods and service.


The News Agency of Nigeria reports that the MoU aimed to enhance economic trade and movement of goods and services within the country and across the West Africa region for a more wholesome economic and national development

Speaking during the ceremony on Thursday at the Naval Headquarters  Abuja, the Chief of Naval Staff (CNS), Vice Admiral Ibok -Ete Ibas, said the signing of the MoU would remain indelible in his memory.

Ibas said, “Since it is the constitutional responsibility of the Nigerian Navy to coordinate all national hydrographic surveys, it is only natural for the Service to be part of this strategic partnership.

”Indeed, today’s epoch signing ceremony will remain indelible in my memory as it marks a new phase in the attainment of Nigerian Navy’s statutory responsibilities regarding the charting and survey of the nation’s maritime areas.”

”Following the Nigerian Navy’s attainment of hydrographic survey and charting capacity with the unveiling of the first and second indigenous navigational charts, we are here today to move to the next phase toward opening up the nation’s inland waterways

”Today’s ceremony follows several months of tedious deliberations between the Nigerian Navy and the NIWANEXIM partnership for the survey of Nigeria’s inland waters

”Since it is the constitutional responsibility of the Nigerian Navy to coordinate all national hydrographic surveys and produce charts for use by Mariners within Nigerian waters,it was only natural for the Nigerian Navy to be part of this strategic partnership,” he said.

Ibas said that the partnership necessitated the drafting of an MoU to guide the engagement between the Service and NEXIM Bank toward actualising the overall objectives of the Regional Sealink Project which the bank was driving.

”As you know, the Sealink Project was initiated to remove the huge logistics challenges and non-tariff measures along the Economic Community of West African states trade corridor.

”I am glad that after series of meetings and interactions, the Nigerian navy and NEXIM Bank have been able to produce an MoU to formalise their partnership.

”I wish to reassure our partners of Nigerian navy’s capacity to support the project to its fruition in order to enhance economic trade and movement of goods and Services both within Nigeria and across the West Africa region for a more wholesome economic and national development,” he said.

Ibas expressed gratitude to all persons who had contributed in making the MoU a reality.

Earlier, the Managing Director of NEXIM Bank, Alhaji Abba Bello, noted that Nigerian is blessed with good waterways.

He assured that NEXIM would efficiently and quickly adhere to all the conditions of the partnership.

”Today is a very auspicious day for us because it will contribute significantly to trade in Nigeria and economic development of the country,” he said.

Edited By: Olawunmi Ashafa/Sadiya Hamza (NAN)

https://nnn.ng/navy-nexim-bank-sign-mou-towards-opening-up-inland-waterways-for-international-trade/

Icardi double gives PSG 2-0 win at Reims Ronaldo double earns point for Juventus at Roma Messi back in scoring business in dream start for Koeman Ajibade, Azeez win Asiwajuniwa Cycling Tournament KDSG advises civil servants against strike Paris knife attack suspect says he was targeting Charlie Hebdo – Police source Congolese security forces thwart rebel attempt to seize mining hub 171 millionaires emerge in Dangote Cement Promo President Buhari greets Onabule at 81 Oba Oniru wants LASG to recognize “Isese Day” Onyeama calls for peace in Enugu APC World Tourism Day: NCF showcases Nigeria’s rich conservation park‍  I-G condemns attack on security convoy in Borno 2020/2021 Legal Year: Clergy tasks judges on justice, fight against corruption FG applauds CAN’s roles in nation building Bankers institute re-certifies NDIC academy as training provider for banking industry Post COVID-19: Expert proffers strategies for business revival Vardy’s hat-trick inspires Leicester City to 5-2 win over Manchester City Community repatriates 43 Nigerian women stranded in Lebanon Electricity: Ojota community protests ‘crazy’ bills, disconnections LASG says MSMEs key to economic recovery  Valentino picks Milan over Paris for rare live fashion show 60th Independence: Sanwo-Olu urges citizens to rededicate to nation’s unity In Paris, a fashion eco-system on edge as shows disappear French Open: Wawrinka thrashes Murray as big match falls flat 13 B/Haram terrorists, 23 family members surrender to troops in Borno -DHQ Malami donates N11m to Kebbi flood victims Jos airport renovation 95 per cent completed – Manager FG mulls policy on zero rating for educational websites Tourism Day: Nigeria to leverage on tourism to boost grassroots devt.- Minister Buhari’s policies yielding fruitful results – Gov Bagudu Ministry to create platform for lifting 100m Nigerians out of poverty Oil palm growers commend Buhari, CBN for empowering small holder farmers Nigerians renew call on Multichoice, others on pay as you go tariff NIHOTOUR will work with private sector for sustainable development of tourism -Kangiwa Men like Justice Karibi-Whyte, difficult to find anymore -NBA President Gov. Wike describes late Karibi-Whyte as a super hero, incorruptible jurist Inter hits two late goals to beat Fiorentina 4-3 Beaten Betis coach Pellegrini blames VAR in defeat to Real Madrid COVID-19: Nigeria cases now 58,198 with 49,722 discharged Ministry official advocates regular dog vaccination to end rabies by 2030 COAS inspects ongoing projects in Army Super Camp, Ngamdu School resumption: Expert advocates provision of clean water to check spread of infections Armed Forces College holds memorial service for 1992 Ejigbo plane crash victims Increased tariff: Previous administration created problem in power sector Scores of terrorists killed in massive airstrikes on hideouts in Borno – DHQ Wike promises early completion of 258-bed mother, child hospital in Port Harcourt Yobe IPAC agrees with LG elections postponement Brazil court postpones league game after several COVID-19 positive tests Don charges media on changing maternal health narratives