BY TEMITOPE ADEBAYO Indigenous shipowners have unanimously commended the minister of Marine and Blue Economy, Adegboyega Oyetola, over his recent directive to the Nigerian Maritime Administration and Safety (NIMASA) to begin the process for the disbursement of the Cabotage Vessel Financing Fund
Indications are rife that shortlisted indigenous shipowners will get the first disbursement of the $350million Cabotage Vessels Finance Fund (CVFF), by March 2023 from the Primary Lending Institutions (PLIs). Also, the minister of Transportation, Mu’azu Sambo, met with the managing directors of the five approved PLIs in Abuja, to discuss the disbursement procedures.