Cabotage Vessel Financing Fund – Shipping World News Magazine

May302025 by Asu BeksNo Comments

At Last ,Regional Maritime Development Bank Berths in Abuja. By Asu Beks.

News Feature

After several false starts, the much awaited, and talked about West and Central African Regional Maritime Development Bank has anchored in Abuja. Thanks to President Bola Ahmed Tinubu ,and Marine and Blue Economy Minister, Adegboyega Oyetola, for making this 16 year old dream come true. Only about three weeks ago, I had revealed in my weekly Marine and Blue Economy Digest column that Minister Oyetola was on the path of history. I had predicted that contrary to what sceptics think about him as a "non performer ", Chief Oyetola was silently pulling some strings that would place him as the best Minister this sector had ever produced since Independence. In that piece, I had explained that given the landmark achievements he had recorded in just under a period of two years, it is obvious that...

May92025 by Asu BeksNo Comments

New Marine and Blue Economy Policy: The Imperatives of an Implementation Committee . By Asu Beks.

Maritime, News Feature

A cheery news emerged from last Monday's Federal Executive Council meeting,FEC, Presided by President Bola Ahmed Tinubu. It was to the effect that the Federal Government has approved a 10-year Policy framework for Nigeria's Marine and Blue Economy. The news attracted jubilation from stakeholders who for almost two years since the creation of the ministry have been groping in the dark about the policy direction and framework of the new ministry. For a country which had relied upon a sole commodity as its mainstay, this news couldn't have come at a better time. The world bank sees the blue economy as a vital opportunity for sustainable economic growth, improved livelihoods, job creation, while preserving the health of Marine ecosystems. The Blue Economy aligns with the world bank's go...

Jan272025 by Asu BeksNo Comments

Oyetola to Asu Beks: We will Get to the Promise Land Under my Watch

Maritime, Misc, News Feature

Right of Reply: A Case for Quality Leadership in the Ministry of Marine and Blue Economy: An Open Letter to Adegboyega Oyetola Dear Elder Asu Beks, Happy New Year. Your open letter to His Excellency, Adegboyega Oyetola is well received and appreciated. It is heartwarming to know that you, as a renowned stakeholder in the sector, also acknowledge the accomplishments of His Excellency, not only the immediate past Governor of Osun State, but also in his current role as pioneer Minister of the Ministry of Marine and Blue Economy. It is pertinent to address the issues you raised in your letter, which was published online and in the SUN Newspapers. As many stakeholders have affirmed, since he was appointed to steer the Ministry, Oyetola has continued to demonstrate dedication and commitmen...

Jan182025 by Asu BeksNo Comments

A Case For Quality Leadership in the Ministry of Marine and Blue Economy: An Open Letter to Adegboyega Oyetola*

News Feature

Your Excellency, sir. I hope this letter meets you well, and in a perfect health. We give God the glory for your life and your measured accomplishments, especially as Governor of the State of Osun and as pioneer Minister of the Ministry of Marine and Blue Economy. This is my second letter since your assumption of duty. My first coincided with your first anniversary as Minister of Marine and Blue Economy. Your Excellency, there is no doubt that you came highly recommended given your pedigree as a former Governor and an accomplished captain of Nigeria's insurance industry. In my first letter to you last year, I enumerated a few of the challenges and opportunities which lay ahead as you navigate through these stormy waters. Your Excellency, sir, you are also lucky to find yourself in ...

Aug132024 by Asu BeksNo Comments

MOBEREOLA DASHES HOPE ON EARLY DISBURSEMENT OF CABOTAGE FUND…says floating dock would not be deployed to Okerenkoko.

Maritime, News Feature

Director General of the Nigerian Maritime Administration and Safety Agency, NIMASA, Dr Dayo Mobereola, on Monday dashed the hopes of Nigerian Ship Owners who had wished for an early disbursement of the controversial Cabotage Vessel Financing Fund, when he hinted of a possible review of the entire process. Mobereola who spoke at an interactive Session with Nigeria's mainstream Maritime Media said Government was very conscious of the mistakes made during the moribund Ship Acquisition and Building Fund and was therefore not prepared repeat the same mistakes. The regime of Dr Bashir Jamoh was in the process of making disbursement of the CVFF and had even appointed five Primary Lending Institutions, PLIs before he ran out his tenure . The bone of contention during discussions between Jamoh a...