Home News FG directs NIMASA, lenders to fast-track disbursement of vessel financing fund

FG directs NIMASA, lenders to fast-track disbursement of vessel financing fund

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The federal government has directed the Nigeria Maritime Administration and Safety Agency (NIMASA) and 12 primary lending institutions (PLIs) to fast-track the disbursement of the cabotage vessel financing fund (CVFF).

CVFF was established in 2003 under Section 42 of the Coastal and Inland Shipping (Cabotage) Act

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