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Cabotage Vessel Financing Fund

Federal govt vows not to release over N100 billion cabotage fund to ship owners

The Federal Government has vowed not to release the Cabotage Vessel Financing Fund (CVFF), which has accumulated to over N100 billion, until ship owners come with a repayment structure.

Ship owners call on NIMASA to release $100m Cabotage Fund

The President, Nigerian Shipowners Association, Aminu Umar, has called on the Federal Government to intervene in the delayed disbursement of the Cabotage Vessel Financing Fund to sustain shipping business.

NIMASA to partner NIWA to develop inland waterways

Nigeria Maritime Administration and Safety Agency (NIMASA) has pledged to partner with National Inland Waterways Authority (NIWA) to develop and make the nation’s inland water ways economically viable, NIMASA Chairman, Retired Maj -Gen. Jonathan Garba, said.

Dredging of River Benue will curb flooding – NIMASA

The benefits of the proposed dredging according to him, include reduced risk of flooding, greater federal presence in the state, improved navigability of the water ways, increased value of water fronts and greater economic activities along the River Banks.

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