Federal Government Takes Steps to Activate Cabotage Vessel Financing Fund for Shipowners
After two decades of stagnation, the Nigerian government is set to facilitate access to the Cabotage Vessel Financing Fund, promising to spur job creation and bolster the maritime sector. Minister Adegboyega Oyetola has urged lenders to expedite the processing of applications, with the goal of supporting local shipowners in acquiring modern vessels.














