Cabotage Vessel Finance Fund (CVFF). – Shipping World News Magazine

Dr. Dayo Mobereola's appointment as the Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) signifies a new era for the agency.Saddled with overseeing West and Central Africa’s leading maritime regulatory agency, Dr. Mobereola faces the task of navigating through challenges and maximizing opportunities for growth and development in the region. This article,by Shipping World's ASU BEKS highlights key strategies he can adopt to avoid potential pitfalls and navigate the tricky waters of maritime governance effectively. With his appointment on March 12, 2024, Dr Mebereola became NIMASA’s eighth director general since the agency emerged from the union between the Nigerian Maritime Authority and Joint Maritime Labour Industrial Council (JOMALIC). The new helmsman...

He was not there in 1985 when one-time Minister of Transport, late Major General Ibrahim Gumel, decided to liquidate the Nigerian National Shipping Line (NNSL). With that singular decision, the country's classification as a ship owning nation, a status that had been sustained since 1959, disappeared overnight. Nigeria's ownership of a national carrier that at a time had about 21 sea-going vessels evaporated over night. Today, he is pioneering and assiduously driving the building of another indigenous fleet of vessels. But he is avoiding the missteps of the past. Unlike in the past when NNSL got the lion share of the Ship Acquisition and Ship Building Fund (SASBF) administered by then National Maritime Authority as Nigerian Maritime Administration and Safety Agency (NIMASA) was then know...

Tag: Cabotage Vessel Finance Fund (CVFF).

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