Daily Query

The liberal, independent, newspaper devoted to fair, balanced, and progressive ideas on Nigerian, African, and global affairs.

FG directs NIMASA, 12 primary lending institutions to fast-track $700m cabotage fund disbursement

The Federal Government has directed the Nigerian Maritime Administration and Safety Agency (NIMASA) to collaborate immediately with 12 approved Primary Lending Institutions (PLIs) to accelerate the processing and disbursement of the $700 million Cabotage Vessel Financing Fund (CVFF) to qualified Nigerian shipowners.
September 7, 2026