Business
NIWA partners NEXIM to improve water transportation
Nigeria Inland Waterways Authority (NIWA) said it has signed a Memorandum of Understanding (MoU) with the Nigeria Export-Import Bank (NEXIM) and SEALINK Promotional Co. Ltd to boost inland water transportation in the country.
This was contained in a statement by NIWA’s General Manager, Public Affairs, Tayo Fadile, on Monday.
Fadile who made the statement in Lokoja said the tripartite MoU signing was a deliberate attempt to bridge the infrastructure gap and provide an alternative mode of transportation for evacuation of economic goods and persons on the nation’s Inland waterways.
He added that the chairman, Board of Directors of NIWA, Senator Olorunnimbe Mamora; the MD of NEXIM Bank, Mr Abba Bello and Chairman of Sealinks, Mrs Damley Shallholma signed the tripartite agreement in Abuja at the weekend.
Read also: Nigeria’s foreign reserve grows to $45.09bn in May
“NIWA is delighted to partner with NEXIM and SEALINK promotional company and its strategic Consortium partners in the facilitation of bulk cargo movement on inland waterways and promoting hinterland and transit trade,” he said.
He mentioned that the MoU would hopefully encourage efficient transportation system in line with global best practices that is safe, seamless and affordable, as well as providing support for River Port Development, and modernization of existing NIWA facilities across the nation.
“Finally, the MoU will support the survey, underwater engineering works, removable and disposal of wrecks among several other projects geared towards improving and developing inland waterways navigation.
By Babatunde Alao…
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