BREAKING NEWS…Finally, FG Approves Disbursement of Cabotage Vessel Financing Fund
*As Amaechi declares war against piracy, other maritime crime
By Francis Ugwoke
The federal government has finally approved the disbursement of the Cabotage Vessel Financing Fund (CVFF) to indigenous shipping operators.
The decision was announced by the Minister of Transportation, Hon Rotimi Amaechi Thursday night on the occasion of the Stakeholders Appreciation Night organised by the Nigerian Shippers Council (NSC) in Lagos.
Amaechi told the stakeholders that the process of the disbursement of the fund put at about $200million will begin Tuesday next week when he will hold a meeting with the managements of the NSC, Nigerian Maritime Administration and Safety Agency (NMASA) and Nigerian Inland Waterways Authority (NIWA) apparently to seek advice.
Details to follow….
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