PHOTO
African Export-Import Bank (Afreximbank) provided a grant of $350,000 to facilitate the movement of goods using inland navigable waterways in Nigeria to facilitate intra-African trade.
The navigational charts project of the Lower River Niger was completed using the grant, the pan-African multilateral trade finance institution said in a statement.
The launch of the navigational charts follows a maritime survey and charting project executed by the Sealink Consortium in collaboration with the Nigerian Navy, Nigeria Inland Waterways Authority and Neximbank through a grant from Afreximbank.
The charting covered a distance of 456 km from Jamata, Lokoja, to Burutu.
According to the statement, the regional sealink project is a trade facilitation initiative designed to bridge the critical logistics infrastructure gap to deepen inland and intracoastal waterways.
(Writing by P Deol; Editing by Anoop Menon)
