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Cabotage Vessel Financing Fund (CVFF)

Shippers’ query NIMASA’s sources of 5% growth data when they are not empowered

Few days after the Director General of Nigeria Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside, has come up with Nigerian maritime industry growth projection of 2.5 per cent to five per cent between now and 2019, leading stakeholders…

Minister silent on controversial Israeli security deal, assures secured maritime domain

The Minister of Transportation, Mr. Rotimi Amaechi has assured stakeholders in the maritime sector that the Federal Government will leave no stone unturned in actualizing its goal for a safer and more secured maritime domain in the Nigeria. Speaking at…

NIMASA mute on CVFF, TMF in growing shippers’ capacity in Blue Economy

The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside has stated that the Agency is taking deliberate steps to work with the Judiciary and other arms of Government to reposition Nigeria’s maritime industry, by…

Hold NIMASA responsible if ship owners fail in CIF for lack of vessels—Experts

The regulator of maritime activities, Nigerian Maritime Administration and Safety Agency (NIMASA), even though was part of the new arrangement with the Nigerian national Petroleum Corporation (NNPC) to adopt the Cost Insurance and Freight (CIF) trade term rather than Free…

Crude lifting: NNPC, NIMASA close ranks to boost indigenous shippers’ capacity

If the new arrangement being worked out by the Nigerian National Petroleum Corporation (NNPC) and the Nigerian Maritime Administration and Safety (NIMASA) is anything to go by, there are chances that the end point will be the changing of crude…

Maritime stakeholders’ chide NIMASA on release of industry forecast for 2018

Just as the Nigerian Maritime Administration and Safety Agency (NIMASA) has hinted its readiness to release the empirical forecast that will determine the outlook of the maritime industry in Nigeria by the first quarter of 2018, stakeholders have expressed worry…

NIMASA DG lied in saying he lacks powers to disburse CVFF, TMF—BH Intelligence

Details showing that the Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Mr. Dakuku Peterside lied in claiming that he lacks powers to disburse the intact Cabotage Vessel Financing Fund (CVFF) are embedded in the Act establishing the…

NIMASA DG, Peterside confusing issues in maritime dev with comments

A clear indication of creating industry confusion and targeted deconstruction of issues in Maritime development are emerging when comments and body languages of the Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside, are put…

Nigeria has between 20 to 25 verifiable ship owners that need CVFF—Umar

More clarity has emerged on why the idle $100m Cabotage Vessel Financing Fund (CVFF), domiciled in Nigerian Maritime Administration and Safety Agency (NIMASA), need to be immediately disbursed. In an interview with the President of Nigerian Shippers Association (NISA), Aminu…

Finally, NISA joins SOAN to worry NIMASA on $100m CVFF disbursement

The President of Nigerian Shipowners Association (NISA), Aminu Umar, who recently passed a vote of confidence on the Director General of Nigerian Maritime Administration and Safety Agency (NIMASA) for his good leadership, has now voided his vote by aligning with…