Each of the eight indigenous shipping companies that will benefit from the $150 million Cabotage Vessels Financing Fund (CVFF) soon to be disbursed by the Nigeria Maritime Administration and Safety Agency (NIMASA), may get up to N3.92 billion.
The Executive Director, Maritime Labour and Cabotage Services at NIMASA, Hon. Ibrahim Zailani, who disclosed this in an exclusive interview with LEADERSHIP WEEKEND yesterday in Lagos, said the process of disbursement of the CVFF has begun, with four disbursement banks already appointed by NIMASA now appraising applications from the local shipping companies.
...
AllAfrica Subscription Content
You must be an allAfrica.com subscriber for full access to certain content.
You have selected an article from the AllAfrica archive, which requires a subscription. You can subscribe by visiting our subscription page. Or for more information about becoming a subscriber, you can read our subscription and contribution overview.
For information about our premium subscription services:
You can also freely access - without a subscription - hundreds of today's top Africa stories and thousands of recent news articles from our home page »
Already a subscriber? Sign in for full access to article