Nigeria may be annually losing, as much as $1tn to her non-disbursement of the Cabotage Vessels Financing Fund (CVFF), Stakeholders told the new Director General, Nigeria Maritime Administration and Safety Agency NIMASA. The stakeholders, comprising highly informed industry operators in…
…Reps stop disbursement of $700m CVFF fund to Nigerian shipowners By Seun Ibiyemi The disbursement of Cabotage Vessel Finance Fund (CVFF) is currently being stalled by the proposed interest rate of 8.5 per cent by commercial banks, a requirement which…
By Seun Ibiyemi The Minister of Transportation, Mu’azu Jaji Sambo has called for a concerted effort by key stakeholders to make the quick disbursement of the Cabotage Vessel Financing Fund (CVFF) a reality. The Minister made the call in Abuja…
