Oyetola orders quick disbursement of $700m ship fund after BusinessDay report

BusinessDay | 06-09-2026 03:27pm |

The Minister of Marine and Blue Economy, Adegboyega Oyetola, has directed the Nigerian Maritime Administration and Safety Agency (NIMASA) to expedite the disbursement of a $700 million ship acquisition fund. This directive follows a report by BusinessDay that highlighted delays in the fund's distribution. The fund is intended to support the development of Nigeria's maritime sector.

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