By Seun Adams
In a move to revitalize Nigeria’s Maritime Industry, the Federal Government has reaffirmed its commitment to unlocking the sector’s full potential.
The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, gave the assurance in his office in Abuja, weekend when he met with the Nigerian Maritime Administration and Safety Agency (NIMASA) DG/CEO, Dr. Dayo Mobereola.
The meeting was aimed at fast-tracking the deployment of the Cabotage Vessel Financing Fund (CVFF) which is crucial step toward supporting the growth of indigenous shipping companies.
The discussion also focusses on unlocking financing for local shipowners reinforcing the government’s commitment to expanding coastal trade, creating jobs, and strengthening Nigeria’s position in the global shipping arena.
In a statement, signed by the Director, Information and Public Relations, Mr. Mohammed Manga, said stronger collaboration between key stakeholders on the efficient utilization of the funds to position Nigeria’s maritime industry for long-term growth was emphasised, ensuring that the CVFF delivers maximum impact.
According to the statement, renewed commitment to maritime growth is expected to have a positive ripple effect on the entire economy, driving growth, creating employment opportunities, and consolidating Nigeria’s status as a major maritime hub in Africa.
