Tag: Cabotage Vessel Financing Fund

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...