Maritime operators to get $700m for vessel acquisition –FG

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The Federal Government has said operators in the maritime sector may get about $700m to acquire new vessels.

According to the agency boss, the number of jobs that will be created by the time the entire acquisition cannot be over-emphasized.

Also speaking, the Minister of State for Transport, Mr Ademola Adegoroye, said that the government would do everything possible to make it easier for shipowners to acquire more ships to grow the blue economy initiative. Adegoroye also said that the ministry was working hard to ensure that the CVFF was disbursed before the end of the current administration.

He said, “I can assure you that the government will do everything to make it easier for shipowners to get more ships that can continue to grow our Blue economy. It makes sense for every responsible government to do that, once it gets too expensive, it becomes a problem even for our economy.” “We are hoping and praying that we disburse the fund before the end of the current administration. We have a short time. We have barely eight weeks but I know they are working day and night to achieve this. It is possible; if not, government is a continuum. It is a government policy and nobody can do anything about it.”All rights reserved.

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NIMASA: Maritime operators to get $700m funding for vessel acquisition | TheCableThe Nigerian Maritime Administration and Safety Agency (NIMASA) says operators in the maritime sector will get about $700 million to purchase ships.
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