NIMASA SECURES APPROVAL FOR DISBURSEMENT OF CVFF.
After almost 13 years of an endless wait, the Nigerian Maritime Administration and Safety Agency says it has finally secured approval for the disbursement of the controversial Cabotage Vessel Financing Fund. The Agency's helmsman, Dr Bashir Jamoh who broke the good news at a meeting with Shipowners in Lagos said details for the disbursement were being worked out. Dr Jamoh also announced that the December 2020 deadline for Single-hull Tanker Ban would not be extended.
Bashir jamoh
The Nigerian Maritime Administration and Safety Agency (NIMASA), Dr Jamoh said, remains steadfast in its decision to stop the use of single-hull tankers by December 31 this year. On the CVFF, he said the final details of the scheme were being worked out before commence...