Major breakthrough as FG opens $25m ship loans to Nigerians

PM NEWS Nigeria | 07-09-2026 01:58pm |

The Nigerian government has announced a major initiative to provide ship acquisition loans of up to $25 million to eligible Nigerians. The minister stated that each successful applicant will be able to access financing to acquire vessels, subject to the applicable assessment and approval process. This move is aimed at boosting the country's maritime sector and supporting local ship owners.

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