The Nigerian Maritime Administration and Safety Agency (NIMASA) has received support from the House of Representatives to disburse the $360 million Cabotage Vessel Finance Fund (CVFF) to qualified Nigerian shipowners. After an investigative sub-committee, chaired by Hon. Legor Idagbo, gave the nod for disbursement, the committee of the whole House endorsed. The committee report read: “The committee requested the Nigerian …

The Nigerian Maritime Administration and Safety Agency (NIMASA) took a bold step on Wednesday towards the implementation of the Presidential directive on disbursing the Cabotage Vessel Financing Fund (CVFF), as announced by the Minister of Transportation, Engr. Mu’azu Jaji Sambo late last year. Led by its Director General, Dr Bashir Jamoh, the NIMASA management met with Executive Management teams of …

President Muhammadu Buhari has approved the immediate disbursement of the Cabotage Vessel Financing Fund (CVFF) to qualified Nigerians as part of the Federal Government’s commitment to grow indigenous capacity of Nigerians to own vessels. Thereafter, the Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr Bashir Jamoh announced that the funds available for disbursement was slightly over ₦16 …