Nigerian Shipowners Launch Funding Portal to Boost Global Competitiveness
The Nigerian Shipowners Association inaugurated the Cabotage Vessel Financing Fund (CVFF) application portal in collaboration with the Nigerian Maritime Administration and Safety Agency. The initiative seeks to improve funding access for Nigerian operators to acquire modern vessels and compete effectively globally.
The move is part of efforts to strengthen the maritime sector, create jobs, enhance local content, and contribute to the nation's economic growth. Stakeholders, including President Sunni Eja and key officials like Adegboyega Oyetola and Dr. Dayo Mobereola, emphasized the importance of the CVFF in empowering indigenous shipowners and advancing Nigeria's maritime capabilities.
The portal launch signifies a significant milestone in promoting transparency, accountability, and sustainable development within the maritime industry.
Plus234Feed summary based on reporting from Punch Newspapers. Read the original report below.
Read full article
Continue on Punch Newspapers
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
Nigerian Government Launches Vessel Financing Fund at 6.5% Interest Rate
Nigeria Launches CVFF Portal to Boost Indigenous Ship Ownership
Nigerian Shipowners to Access $25M from $700M Cabotage Fund
$700m Cabotage Fund Portal Finally Launched in Nigeria
NIMASA Commits to Boosting Nigeria's Shipbuilding Sector
Nigerian Shippers Reject New Port Fees, Warn of Soaring Costs
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
