Tag: Cabotage

CVFF Disbursement: Shipowners Laud Oyetola, Urges Due Process
April 20, 2025 No Responses

CVFF Disbursement: Shipowners Laud Oyetola, Urges Due Process

Indigenous shipowners have commended the Minister of Marine and Blue Economy, Adegboyega Oyetola, over his recent directive to the Nigerian Maritime Administration and Safety (NIMASA) to begin the process for the disbursement of the Cabotage Vessel Financing Fund (CVFF).The Minister...
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FG Reiterates Commitment To Disburse CVFF
March 10, 2025 No Responses

FG Reiterates Commitment To Disburse CVFF

The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has reaffirmed the commitment of President Bola Ahmed Tinubus administration to the disbursement of the Cabotage Vessel Financing Fund (CVFF).This was the focus of discussions whe...
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Chief of Naval Staff At NIMASA, Reiterates Partnership, Support For Cabotage Regime
June 3, 2024 No Responses

Chief of Naval Staff At NIMASA, Reiterates Partnership, Support For Cabotage Regime

The Chief of the Naval Staff, Vice Admiral Emmanuel Ogalla on Monday, June 3, 2024 paid a working visit to Nigerian Maritime Administration and Safety Agency, (NIMASA) in continuation of efforts to deepen the cooperation between the Nigerian Navy and...
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Ghana Understudies Nigerian Cabotage Regime
May 4, 2023 No Responses

Ghana Understudies Nigerian Cabotage Regime

The Ghanaian Maritime Authority (GMA) has commenced a 10- Day programme to understudy the implementation of the Coastal and Inland Shipping Act also known as the Cabotage Law in Nigeria under a collaborative arrangement with the Nigerian Maritime Administratio...
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Reps Suspend $700m Cabotage Fund Disbursement
May 3, 2023 No Responses

Reps Suspend $700m Cabotage Fund Disbursement

The House of Representatives has advised the federal government to suspend the planned disbursement of the $700 million in the Cabotage Vessel Finance Fund to Nigerian shippers. The House, in a motion moved by Henry Nwawuba (APGA, Imo) on Tuesday...
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NIMASA Task Banks On $350m Cabotage Fund Guidelines 
January 25, 2023 No Responses

NIMASA Task Banks On $350m Cabotage Fund Guidelines 

The Nigerian Maritime Administration and Safety Agency (NIMASA) has issued a 72-hour ultimatum to the Primary Lending Institutions (PLIs), to release modalities for the disbursement of $350 million Cabotage Vessels Finance Fund (CVFF).  The PLIs approved ...
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NIMASA, Stakeholders Move To End Cabotage Waivers
March 22, 2019 No Responses

NIMASA, Stakeholders Move To End Cabotage Waivers

As part of efforts to actualise the full implementation of the Cabotage Act, 2003, which aims to promote indigenous participation in shipping in Nigeria, the Nigerian Maritime Administration and Safety Agency (NIMASA) and key industry players have mapped out a...
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