Cabotage Vessel Financing Fund (CVFF) – Shipping World News Magazine

Oct262024 by Asu BeksNo Comments

IMO Council ‘C’ Election: Why Dayo Mobereola Should Avoid This Booby Trap* By ASU BEKS

Yet again, Nigeria seems set for another jamboree to the IMO Council election, going by indications from the Minister of Marine and Blue Economy, Chief Adegboyega Oyetola, who a fortnight ago hinted in far away Spain that Nigeria is set to give another shot at this third tier category of the International Maritime Organization (IMO). Oyetola who spoke at an IMO organized parallel World Maritime Day in the Spanish capital said, "Our active participation in upholding key conventions such as Safety of Life at Sea (SOLAS), and the International Ships and Port Facility (ISPS) Code reflects our dedication to ensuring safety of international shipping", insisting that "there has been no incidence of piracy in the last three years". But regrettably, Oyetola's assurance was devoid of any spec...

Aug232024 by Asu BeksNo Comments

One Year In Office: An Open Letter To His Excellency, Adegboyega Oyetola*

News Feature

Your Excellency, Adegboyega Oyetola CON, Honourable Minister of Marine and Blue Economy, I trust that this letter meets you well. First, let me use this opportunity to thank President Bola Ahmed Tinubu. The creation of this Ministry was a dream come true for maritime stakeholders who over the years had yearned for specialized Ministry for the maritime sector. Your Excellency, sir, please convey our best wishes and warm appreciation to His Excellency, the President. Tell him we will not take this gesture for granted. As pioneer Minister of this Ministry, the burden on you to deliver Mr. President's vision in the Marine and Blue Economy is better imagined. This has been made worse, Mr Minister,due to the fact that you have little or no background in this sector prior to your appointment...

Aug162024 by Asu BeksNo Comments

The ‘Orphan’ Called Nigerian Ship Owner By Asu Beks

Maritime, News Feature

If the famed founder of the Synagogue Church of all Nations, Pastor T. B. Joshua, were alive, I would have mobilized the rank and file of Nigerian indigenous ship owners to his Church for a seven-day dry fasting to break this 18 years jinx that has made the disbursement of the Cabotage Vessel Financing Fund (CVFF) a mission impossible. Or maybe I should consider Rev. Fr. Mbaka or the maverick pastor Indaboski for this divine intervention which seems to be the only option left. If there is any indigenous group that has never benefited from any direct government bail out in the last two decades, it is the Nigeria ship owner. From the Obasanjo administration to late Yar'Adua, Jonathan and Buhari, various sectors of Nigeria's economy, including aviation, agriculture, energy, oil and gas...

May242023 by Asu BeksNo Comments

League of Maritime Editors to host Muazu Sambo

Maritime, Press Release

The League of Maritime Editors (LME) has concluded arrangements to honour the Transportation Minister, Alhaji Muazu Sambo and his Minister of State counterpart, Mr. Ademola Adegoroye. The honour for the two Ministers is in appreciation of their hard work and landmark achievements within a short space of their stay in the Transport Ministry. As part of the honour, the League is organizing an Appreciation Dinner slated for June 9 at Eko Hotel and Suites, in Victoria Island, Lagos. The Appreciation Dinner which is strictly on invitation will be chaired by the Secretary to the Government of the Federation, Mr Boss Mustapha. In a statement signed by the President of the League, Chief Timothy Okorocha and the Public Relations Officer, Mr Francis Ugwoke, the two Ministers are being ho...