The Minister of Marine and Blue Economy, Dr. Adegboyega Oyetola, has directed the Nigerian Maritime Administration and Safety Agency (NIMASA) and the 12 approved Primary Lending Institutions (PLIs) to accelerate the disbursement of the Cabotage Vessel Financing Fund (CVFF) to qualified Nigerian shipowners. Oyetola said significant progress had been made in processing applications under the...
Tag: CVFF
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CVFF Disbursement & The Burden Of Responsibility: Why Repayment Discipline Matters For Nigeria’s Maritime Future
The long-anticipated disbursement of Nigeria’s Cabotage Vessel Financing Fund (CVFF) marks a defining moment for the nations maritime sector. Approved by President Bola Ahmed Tinubu GCFR, the release of the fund signals more than policy execution it reflects a strategic effort to reposition Nigeria as a formidable maritime nation by empowering indigenous shipowners. Established under...
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Over 2,400 Cadets Trained Under NSDP, 1,088 Earn CoC — Oyetola
This The Minister of Marine and Blue Economy, Dr. Adegboyega Oyetola, said 2,459 cadets have been sponsored under the Nigerian Seafarers Development Programme (NSDP) for training in maritime institutions across United Kingdom, Egypt, the Philippines, India, and Romania since inception of the initiative. Oyetola also disclosed that 1,088 beneficiaries of the programme have obtained their...