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

Apr252025 by Asu BeksNo Comments

Will Oyetola Prove Doubting Thomases Wrong? By Asu Beks

News Feature

Not many gave him a chance to succeed when in August 2023, President Bola Ahmed Tinubu appointed him to midwife the newly created Ministry of Marine and Blue Economy. Coming from the hangover of the lacklustre performance of former Rivers State Governor, Rotimi Chibuike Amaechi, whose eight years tenure as Transportation Minister was nothing but unimpressuve ,the general expectation was that this time around, a core industry professional would be picked. Not another politician. But this was not to be. For an industry bedevilled with myriad of problems ranging from the non-disbursement of Cabotage Vessel Finance Fund (CVFF), Nigeria's perennial failure to make the IMO Category 'C' seat, to the discrimination against products of cadets of the Maritime Academy of Nigeria, as largely ha...

Banana Peels Dayo Mobereola Must Avoid at NIMASA

Maritime, Press Release

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...

Bashir Jamoh: The man who broke the CVFF jinx By Pius Mordi

Maritime, News Feature

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...