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Tag: Cabotage Fund

Reps permit NIMASA to distribute $360m cabotage fund
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Reps permit NIMASA to distribute $360m cabotage fund

The $360 million Cabotage Vessel Finance Fund will now be distributed to eligible Nigerian shipowners by the Maritime Administration and Safety Agency of Nigeria. According to Nairametrics, this information was revealed in a statement released on Friday in Lagos by Assistant Director of Public Relations, NIMASA, Mr. Osagie Edward. After conducting an investigation, the House Committee, which […]

FG vows to proceed with cabotage fund distribution
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FG vows to proceed with cabotage fund distribution

The Federal Government has stated that the Cabotage Vessels Financing Fund disbursement cannot be halted. The Punch reported that according to a release, the minister of transportation, Mu’azu Sambo, said this over the weekend in Lagos during the investiture and inauguration of the seventh president of the Nigerian Chamber of Shipping,  Mr. Aminu Umar. Recall […]