Jamoh said that NIMASA is expected to give each shipowner about $25 million, adding that about $350 million would be provided by the agency while the banks will add another 35 percent and shipowners another 15 per cent.
“As the world continues to work towards phasing out the use of fossil fuels, now is the time for Nigeria to focus on finding alternative revenue sources to crude oil,” Jamoh said. Jamoh, however, said that Nigeria must ensure that it develops its national blue economy assets to the level that the continent and the world can accept it.
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