…We are very close to disbursement — Mobereola. …As stakeholders commend Oyetola By Seun Ibiyemi The Federal Ministry of Marine and Blue Economy, through the Nigerian Maritime Administration and Safety Agency (NIMASA), has announced that loans from the long-awaited Cabotage…
By Seun Ibiyemi In a landmark move poised to reshape Nigeria’s maritime landscape, the Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dayo Mobereola has officially announced the operationalisation and imminent disbursement of the Cabotage Vessel…
The Nigerian Maritime Administration and Safety Agency (NIMASA) is preparing to host a forum aimed at guiding maritime stakeholders on how to access the $360 million Cabotage Vessels Financing Fund (CVFF), ahead of its planned disbursement by August 2025. The…
By Seun Ibiyemi The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr Dayo Mobereola, has confirmed that arrangements are in progress to enable indigenous shipowners gain access to the $700 million Cabotage Vessel Financing Fund (CVFF)…
By Seun Ibiyemi A leading maritime expert and President of the Maritime Security Providers Association of Nigeria (MASPAN), Mr Emmanuel Maiguwa, has advised the Nigerian Maritime Administration and Safety Agency (NIMASA) to undertake thorough market research and industry consultation before…
By Seun Ibiyemi Indigenous shipowners and maritime stakeholders across Nigeria have lauded the Minister of Marine and Blue Economy, Adegboyega Oyetola, for directing the Nigerian Maritime Administration and Safety Agency (NIMASA) to commence the long-overdue disbursement of the Cabotage Vessel…
Mr Adegboyega Oyetola, Minister of Marine and Blue Economy, has directed the Nigerian Maritime Administration and Safety Agency (NIMASA) to commence the process for the disbursement of the Cabotage Vessel Financing Fund (CVFF). This was contained in a statement signed…
In a renewed effort to revitalise Nigeria’s maritime sector, the Federal Government has pledged to support industry growth through targeted financing and policy initiatives. The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, reaffirmed this commitment…
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…
