Nigerian Export – Import Bank (NEXIM), the National Inland Waterways Authority (NIWA) and Sealink Implementation Committee have signed a pact to revive the neglected inland water transportation system. Implementation of the initiative will attract huge investments into inland waterways thus making it possible for goods on smaller vessels and barges to move through Rivers Niger, Benue and others.
Nigeria is perhaps one of the few countries in the world with a huge transportation challenges yet it has not developed its inland waterways capability as a part of the integrated transport mix. Speaking at the MoU signing ceremony in Abuja, the Managing Director/CEO NEXIM Bank, Mr. Abba Bello said, the framework “would promote waterway operations for hinterland, transit and coastal trade, especially for bulk cargo.
“It is noteworthy to highlight that it is projected that this development would enhance non-oil exports annual revenue receipts to between $500 million and $1.2 billion annually on bulk solid minerals exports,” he said. Chairperson of the Sealink project, Mrs Dabney Shallholma the commencement of Nigeria’s inland waterways and intra-coastal operations will be announced soon.
The MD of NIWA, Sen. Olorunnimbe Mamora said,“We will work with these two great partners to ensure that to ensure that the full potential of our economy is realized by harnessing the untapped waterways resources that will add to our GDP,” he said.
Source: By Chris Agabi