Renewed Hope For Local Shipowners As Oyetola Directs Disbursement Of $360m Cabotage Fund

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Renewed Hope For Local Shipowners As Oyetola Directs Disbursement Of $360m Cabotage Fund

« on: April 24, 2025, 01:00:47 pm »

Renewed Hope For Local Shipowners As Oyetola Directs Disbursement Of $360m Cabotage Fund

Last week, the Minister of Marine and Blue Economy, Adegboyega Oyetola, directed the Nigerian Maritime Administration and Safety Agency (NIMASA), to begin the process for the disbursement of the $360million Cabotage Vessel Financing Fund (CVFF). The CVFF, an intervention fund, was established under the Coastal and Inland Shipping (Cabotage) Act of 2003. While contributions to […]

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