FG Moves to Unlock $25m Shipping Fund
By Zainab Bakare The Federal Government has begun moves to unlock up to $25 million from the Cabotage Vessel Financing Fund (CVFF) for Nigerian shipowners, more than two decades after the fund was established. Minister of Marine and Blue Economy, Gboyega Oyetola, disclosed this in a statement posted on X, describing the initiative as a […]
Reps Probe Port Concessionaires Over Value for Money, Transparency
By Oluwakemi Kindness The House of Representatives has begun a comprehensive probe into port concessionaires, raising concerns over whether the policy has delivered value for money nearly two decades after it was introduced. The investigation focuses on air and seaport terminal operators under the concession regime launched in 2006 to improve efficiency, attract private investment, […]
Lawmakers Push for Comprehensive Maritime Sector Reform in Nigeria
By Oluwakemi Kindness The House of Representatives on Monday renewed calls for sweeping reforms in Nigeria’s maritime sector, urging improved funding, enhanced revenue collection systems, and full compliance with remittance policies. This call was made during the 2025 budget presentation by the Nigerian Maritime Administration and Safety Agency (NIMASA) on Monday at the National Assembly. […]