– Says 20 out of 92 applications await approval
Kasim Sumaina in Abuja
The Minister of Marine and Blue Economy, Adegboyega Oyetola, has urged the Nigerian Maritime Administration and Safety Agency (NIMASA) to work closely with the 12 approved Primary Lending Institutions (PLIs) to accelerate the disbursement of the Cabotage Vessel Financing Fund (CVFF) to qualified Nigerian shipowners.
The move underscores the minister’s determination to end more than two decades of delays surrounding the disbursement of the fund and unlock a new era of growth, investment and job creation in Nigeria’s maritime sector.
Oyetola, in a statement issued weekend by his Special Adviser, Bolaji Akinola, said significant progress had been made in processing applications under the CVFF framework.
