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Bello gives hope of early disbursement of CVFF, says committee is working on it

The Executive Secretary of the Nigerian Shippers’ Council (NSC), Hassan Bello has once again disclosed that his agency is working with other strategic federal agencies to develop a framework for the emergence of the national carrier.

Speaking recently during the inauguration of new executives of Shipowners’ Association of Nigeria (SOAN), Bello named Nigerian National Petroleum Corporation (NNPC) and the Nigerian Maritime Administration and Safety Agency (NIMASA) as partners in the development of the national carrier.

According to him, NSC is making the needed efforts to ensure that the disbursement of the Cabotage Vessel Financing Fund (CVFF) is transparent.

He told SOAN that “We are working with NIMASA and NNPC for the disbursement, development and standardization of the practice within the sector. It is not only disbursement as far as the National Fleet is concerned, but we are talking about services, about ship repairs, even about our cadets. We are also talking about the National Flag, our banks, the insurance and other financial institutions. They must support the indigenous ownership and operations of ships,” he said.