Home Topics Cabotage Vessel Financing Fund

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.

Recent Stories

Tirso Martinez-Sanchez testifies during the trial of accused Mexican drug lord Joaquin El Chapo Guzman. Reuters

Witness: El Chapo ran a cocaine train from Mexico to New York

Mexican cartel kingpin Joaquin Guzman ran a cocaine train all the way from Mexico to New York City, a witness testified Monday.

Motion to impeach Somali President Farmajo declared invalid

The Somali Lower House of Parliament has declared as invalid a motion seeking the impeachment of President Mohamed Abdullahi Farmajo.

Peter Obi calls for joint fight against corruption

The vice presidential candidate of the Peoples’ Democratic Party (PDP), Mr Peter Obi, has urged Nigerians to join forces in the fight against corruption in the country.
A former governor of Cross River State Donald Duke has said he will not criminalise same-sex relationships if he becomes Nigeria's president in 2019.

Donald Duke’s SDP pulls out of CUPP

The Social Democratic Party (SDP) has pulled out of the Coalition of United Political Parties (CUPP), a group of over 45 opposition political parties.
Aminu Masari

Katsina identifies 547 artisanal miners, 442 mining sites

The Katsina State Government on Tuesday said it has identified no fewer than 547 artisanal miners and 442 mining sites across the state as part of efforts to improve the mining and complement federal government’s efforts of diversifying the economy from oil to the non-oil sector.