Boosting maritime growth: Wale Edun, NIMASA push for CVFF deployment

The minister of finance and coordinating minister of the economy, Mr.   Wale Edun met with Nigerian Maritime Administration and Safety Agency (NIMASA), DG Dr. Dayo Mobereola, to fast-track the deployment of the Cabotage Vessel Financing Fund.

A tweet on X stated that the meeting is a crucial step toward supporting the growth of indigenous shipping companies.

With a sharp focus on unlocking financing for local shipowners, the discussions reinforced the government’s commitment to expanding coastal trade, creating jobs, and strengthening Nigeria’s position in the global shipping arena.

Stronger collaboration between key stakeholders on the efficient utilization of the funds to position Nigeria’s maritime industry for long-term growth was emphasised, ensuring that the CVFF delivers maximum impact.