The Minister of Marine and Blue Economy, Dr. Adegboyega Oyetola, has directed the Nigerian Maritime Administration and Safety Agency (NIMASA) to work closely with 12 approved Primary Lending Institutions to accelerate the disbursement of the $700 million Cabotage Vessel Financing Fund (CVFF) to qualified Nigerian shipowners. The piece examines whether this directive will lead to a shift in the disbursement process for shipowners who have been unable to access the fund.
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