Afrexim, NEXIM peg N307m grant for inland waterways : compar

Afrexim, NEXIM peg N307m grant for inland waterways


By
Tue Jun 01 2021
The African Export-Import Bank (Afreximbank) and the Nigeria Export-Import Bank (NEXIM) have announced a $750,000 (about N307 million) grant to support the charting of the main channel of the Niger-Benue River.
The project is part of the Regional Sealink Project, which aims to bridge the gap in maritime transport infrastructure and improve trade connectivity in West Africa, said a statement.
Afreximbank provided a grant of $350,000 to supplement the $450,000 made available by NEXIM, thus completing the financing of the barthymetric survey and hydrograhic and hydrological studies of the lower Niger-Benue River.
The studies will be undertaken under a joint collaboration framework between the Nigerian Navy Hydrography Department, the National Inland Waterways Authority (NIWA) and Sealink Consortium Partners.

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