Lagos, June 2, 2023 -The Nigerian Maritime Administration and Safety Agency (NIMASA) says it has received approval of the House of Representatives to disburse the $360 million Cabotage Vessel Finance Fund (CVFF) to qualified Nigerian shipowners. The Global Business (GBN) reports that the House of Representatives had mandated its Committee of the House to investigate the contributions into the funds and the disbursement plans and processes of NIMASA immediately the fund was approved for disbursement by President Buhari in December 2022. A statement by NIMASA on Friday said the committee …







