Experts urge NIMASA to split $700m CVFF for maximum economic impact through local shipbuilding

As the Nigerian Maritime Administration and Safety Agency (NIMASA) finalises plans to disburse the long-anticipated $700 million Cabotage Vessel Financing Fund (CVFF), maritime professionals and industry stakeholders are urging the federal government to reassess the fund’s allocation model to better support Nigeria’s economic development. The Minister of Marine and Blue Economy, Adegboyega Oyetola, recently approved ...