CVFF DISBURSEMENT: FG MAY SEEK ASSISTANCE FROM KENYA SHIPYARD…JAMOH.
Nigerian Shipowners may soon heave a sigh of relief as the Federal Government may have unveiled a new road map that may see them actualizing their dreams of becoming ship owners under the Cabotage Vessel Financing Fund, CBFF,sooner than later.
Speaking on a Live program on Inspiration 92.3Fm Lagos, Shipping on Radio, last Thursday, Director General of the Nigerian Maritime Administration and Safety Agency, Dr Bashir Jamoh revealed that nine primary lending institutions (banks) were listed for the disbursement of the Cabotage Vessels Financing Fund , CVFF by the Governing Board of NIMASA, and been forwarded to the Minister of Transportation. But Jamoh said the Agency is trying to avoid the previous pitfalls experienced under the Ship Building and Acquisition Fund when beneficiaries d...