The Federal Government has reiterated its dedication to revitalizing Nigeria’s maritime industry to boost coastal trade and job creation.
The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, made this commitment during a meeting with the Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dayo Mobereola, in Abuja over the weekend.
A key focus of the discussions was the expedited deployment of the Cabotage Vessel Financing Fund (CVFF), a critical initiative aimed at strengthening indigenous shipping companies. According to the Director of Information and Public Relations, Mr. Mohammed Manga, the government is prioritizing access to financing for local shipowners to enhance Nigeria’s competitiveness in the global shipping sector.
The meeting underscored the need for stronger collaboration among stakeholders to ensure the efficient utilization of the CVFF, positioning the maritime industry for long-term growth and sustainability.
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