Close Menu
  • Business
  • Features
  • Interview
  • News
  • Opinion
  • Politics
  • The Icon
  • Get In Touch
Trending
  • NCC Commissions E-Health Project In Akure, Reaffirms Commitment To Collaboration, Partnership
  • Newly Appointed MD/CEO Of NAIC, Danfulani Resumes Office, Pledges Inclusive Reforms
  • APM Terminal Apapa Clarifies Empty Container Returns
  • CRFFN Yet To Be Incorporated Into National Single Window Platform, Says Registrar, Igwe
  • Two Years In Office: Farinto Applauds Tinubu’s Giant Strides In Repositioning Nigeria’s Economy 
  • Safety: FG Donates Life Jackets To Lagos State Waterways Authority
  • NPCC Chairman, Sunmola, Others Highlight Opportunities For Maritime Students, Youth At AMSAY Conference 
  • Customs, FMITI Launch Nigeria-East, Southern Africa Air Cargo Corridor Trade Route
Prime Time Reporters
  • Business
  • Features
  • Interview
  • News
  • Opinion
  • Politics
  • The Icon
  • Get In Touch
Prime Time Reporters
Home » FG Committed To CVFF Disbursement, Says Finance Minister
News

FG Committed To CVFF Disbursement, Says Finance Minister

Saint AugustineBy Saint AugustineMarch 11, 2025Updated:March 11, 2025No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun has reaffirmed the commitment of President Bola Ahmed Tinubu’s administration to the disbursement of the Cabotage Vessel Financing Fund, CVFF.

This was the focus of discussions when the Director-General of NIMASA, Dr. Dayo Mobereola, led a delegation from the Nigerian Maritime Administration and Safety Agency, NIMASA to meet with the Minister.

Mr. Edun emphasized that the CVFF disbursement remains a priority, as it is expected to have a positive ripple effect on the economy, drive growth, create employment opportunities, and strengthen Nigeria’s position as a major maritime hub in Africa.

On his part, Dr. Mobereola stated that the Ministry of Marine and Blue Economy has identified the CVFF disbursement as a key performance indicator, KPI for 2025.

“The Honourable Minister of Marine and Blue Economy, Adegboyega Oyetola directed us to engage with the Minister of Finance to resolve all technicalities and establish modalities to fast-track the disbursement of the CVFF to beneficiaries. This administration is committed to unlocking the sector’s full potential”, Mobereola said.

He further noted that the funds have been domiciled with the Central Bank of Nigeria, CBN since the implementation of the Treasury Single Account, TSA. As part of efforts to accelerate the process, the Minister of Finance has approved the inclusion of a representative from the Ministry in NIMASA’s in-house committee on CVFF disbursement, under the supervision of the Ministry of Marine and Blue Economy.

The Finance Minister also stressed the importance of regular updates and transparency in the utilization of the fund, ensuring that contributors and key stakeholders benefit efficiently while positioning Nigeria’s maritime industry for sustainable growth.

Photo: (L-R): Director, Cabotage Services, Nigerian Maritime Administration and Safety Agency, NIMASA, Kabir Murnai; Coordinator Abuja Zonal Office, NIMASA; Moji Jimoh; Special Adviser to Minister; Hauwa Ibrahim; DG/CEO, NIMASA, Dr. Dayo Mobereola; Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun; Executive Director, Maritime Labour & Cabotage Services, NIMASA, Mr. Jibril Abba; Assistant Director, CVFF/Stakeholder engagement, NIMASA, Mojisola Akomolafe and Head, Financial Services of NIMASA Mr. Funmi Ogunsanwo.

Send your press invite, news, press releases/articles to augustinenwadinamuo@yahoo.com. Also, follow us on Twitter @PrimetimeRepor1 and on Facebook on facebook.com/primetimereporters or call the editor on 07030661526.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleAccelerate Action: SIFAX Group Champions Women’s Leadership At 2025 International Women’s Day Event 
Next Article ANLCA To Set Up Reconciliation Committee, Says Onne Chapter Chairman, Isikaku
Saint Augustine
  • Website
  • Facebook
  • X (Twitter)

Saint Augustine is a seasoned freelance journalist and the chief editor of Primetime Reporters.

Related Posts

NCC Commissions E-Health Project In Akure, Reaffirms Commitment To Collaboration, Partnership

May 30, 2025

Newly Appointed MD/CEO Of NAIC, Danfulani Resumes Office, Pledges Inclusive Reforms

May 29, 2025

APM Terminal Apapa Clarifies Empty Container Returns

May 29, 2025
Leave A Reply Cancel Reply

Recent Posts

NCC Commissions E-Health Project In Akure, Reaffirms Commitment To Collaboration, Partnership

May 30, 2025

Newly Appointed MD/CEO Of NAIC, Danfulani Resumes Office, Pledges Inclusive Reforms

May 29, 2025

APM Terminal Apapa Clarifies Empty Container Returns

May 29, 2025

CRFFN Yet To Be Incorporated Into National Single Window Platform, Says Registrar, Igwe

May 29, 2025

Two Years In Office: Farinto Applauds Tinubu’s Giant Strides In Repositioning Nigeria’s Economy 

May 29, 2025
© 2025 Copyright Primetime Reporters.
  • Home
  • Business
  • Features
  • Interview
  • News
  • Opinion
  • Politics
  • The Icon
  • Get In Touch
  • Privacy Policy

Type above and press Enter to search. Press Esc to cancel.