Nigerian Export-Import NEXIM Bank says it would
execute a 60 million dollar Regional Sealink Project for West and Central
Africa.
The project, in conjunction with the Federation of
West African Chambers of Commerce and Industry FEWACCI, is expected to commence
within the next three years of complete operation.
The Managing Director, NEXIM Bank, Robert Orya, made
this known at the sensitisation and pre-investors forum held for stakeholders
in Lagos.
Orya added that the project would enhance
competitiveness by improving the level from its rate of six per cent to a
higher rate.
He also said that the project would make Nigeria a
maritime hub for West and Central Africa and enable NEXIM to achieve its
projected credit growth by improving intra-regional trade levels to about 15
per cent annually.
He said that the operational model would be to open
initial service at 10 ports with combined passenger and freight services and
initial deployment of three vessels.
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