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Federal Gornment Ready Give Nigerian $25m Each
By: Kofoworola Olayinka
Federal Gorment don announce say qualified Nigerian shipowners fit access up to $25 million each under di Cabotage Vessel Financing Fund, CVFF, to buy vessels and grow dia business.
Minister of Marine and Blue Economy, Adegboyega Oyetola, say gorment don finally ready to release di fund, more than 20 years after dem establish am.
Oyetola say di cheap financing go help Nigerian shipowners buy modern vessels, expand dia fleets and compete with foreign operators for coastal and offshore contracts.
Di minister add say di move fit create more than 30,000 direct and indirect jobs, while helping more money from Nigeria maritime business stay inside di country.
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