The Honourable Minister of Transportation, Rt. Honourable Chibuike Rotimi Amaechi has declared open the inaugural Board meeting of the proposed Regional Maritime Development Bank. The event is currently taking place in Lagos, Nigeria.
In a tweet, the Minister said, “I have just declared open the inaugural board meeting of the proposed Regional Maritime Development Bank taking place in Lagos, Nigeria under the auspices of the Maritime Organisation of West and Central Africa (MOWCA) which will cater to Maritime development across the region.”
The Maritime Organisation for the West and Central Africa (MOWCA) was established in May 1975 as the Ministerial Conference of West and Central African States on Maritime Transport (MINCONMAR). The name was changed to MOWCA as part of reforms adopted by the General Assembly of Ministers of Transport, at an extraordinary session of the Organisation held in Abidjan the Republic of CÃ´te d’Ivoire from 4-6 August 1999.
The objective of MOWCA is to serve the regional and international community for handling all maritime matters that are regional in character.