- DG lauds lawmakers, NNPCL, says it’s a milestone for cabotage implementation
The Nigerian Maritime Administration and Safety Agency (NIMASA) has received support from the House of Representatives to disburse the $360 million Cabotage Vessel Finance Fund (CVFF) to qualified Nigerian shipowners.
A committee of the House, in its report, gave the nod for disbursement, at the end of an investigation which was chaired by Hon. (Barr.) Legor Idagbo.
The Committee in its report said it made the following findings: “The Committee requested the Nigerian Maritime Administration and Safety Agency and the Ministry of Transportation to provide detailed information on the total amount accrued to the Fund and disbursements since inception.
“The Committee met with the Minister of Transportation and the Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA) on Thursday, 11 May 2023 to find out about the details concerning the matter.
“After a thorough analysis of the various submissions, coupled with the explanations given by the Ministry and NIMASA, the Committee discovered that due process was followed in the planned disbursement of the Cabotage Vessel Finance Fund.
“The Committee notes that the Cabotage Vessel Finance Fund (CVFF) is a fund that was set up in 2003 by the Coastal and Inland Shipping Act. The fund was established to develop indigenous ship acquisition capacity and to provide financial assistance to indigenous shipping operators.
“The Committee further notes that there is a lack of capacity amongst indigenous/ Domestic Coastal operators in Nigeria, thus the reason Nigerian National Petroleum Corporation Limited (NNPC) still awards contracts to foreign shipping companies in contravention of the Cabotage and Nigerian Oil and Gas Industry Content Development (NOGICD) Acts. Some of these awards have been previously investigated by the Committee, which led to their cancellation.
“It was also discovered that the total funds of $360m in the Cabotage Vessel Finance Fund (CVFF) account with the Central Bank of Nigeria (CBN) represents 50%, while the remaining counterpart funds of 50% is from stakeholders and banks, which is 15% and 35% respectively”.
The Committee commended the Nigerian National Petroleum Corporation Limited (NNPCL) for its commitment to awarding shipping contracts to indigenous companies that have built capacity to the level where they can successfully execute these contracts.
Reacting, Dr. Bashir Jamoh OFR, Director General of NIMASA, thanked the lawmakers for their interest in verifying the due process being followed by the Agency.
Dr. Jamoh who expressed optimism that the NNPCL’s resolve to award maritime contracts to indigenous companies will give strength to the Cabotage regime being championed by the Agency, reaffirmed NIMASA’s transparency resolve in all facets of the Agency’s operation
The DG also called for more stakeholder support, saying the CVFF will evolve into greater benefit for more Nigerians, grow the per capita income and Gross Domestic Product (GDP) of Nigeria, through the maritime industry.
Why users still use to read news papers when in this technological world everything is available on net?
We are a group of volunteers and starting a new scheme in our community. Your web site provided us with valuable information to work on. You have done an impressive job and our whole community will be grateful to you.
Hmm it seems like your website ate my first comment (it was extremely long) so I guess I’ll just sum it up what I submitted and say, I’m thoroughly enjoying your blog. I as well am an aspiring blog blogger but I’m still new to the whole thing. Do you have any recommendations for rookie blog writers? I’d certainly appreciate it.
Pretty! This was a really wonderful post. Thanks for providing this info.
I like what you guys are up too. This sort of clever work and exposure! Keep up the excellent works guys I’ve added you guys to our blogroll.
Отборный частный эромассаж в Москве с бассейном
Hello there! This post couldn’t be written any better! Reading this post reminds me of my old room mate! He always kept talking about this. I will forward this post to him. Pretty sure he will have a good read. Thank you for sharing!
Hi there! I just wanted to ask if you ever have any trouble with hackers? My last blog (wordpress) was hacked and I ended up losing months of hard work due to no data backup. Do you have any solutions to prevent hackers?
Hi! I’m at work browsing your blog from my new iphone 4! Just wanted to say I love reading your blog and look forward to all your posts! Keep up the outstanding work!
I like what you guys are up too. This sort of clever work and exposure! Keep up the excellent works guys I’ve added you guys to blogroll.
I don’t even understand how I ended up here, however I assumed this publish was good. I don’t understand who you are however definitely you are going to a famous blogger for those who are not already. Cheers!
Great post.
hey there and thank you for your information I’ve definitely picked up anything new from right here. I did however expertise a few technical issues using this site, since I experienced to reload the site a lot of times previous to I could get it to load properly. I had been wondering if your web hosting is OK? Not that I am complaining, but sluggish loading instances times will very frequently affect your placement in google and can damage your quality score if advertising and marketing with Adwords. Anyway I’m adding this RSS to my e-mail and can look out for a lot more of your respective interesting content. Make sure you update this again soon.
Hi there, after reading this awesome article i am too happy to share my familiarity here with mates.
Hey There. I found your blog the use of msn. This is an extremely well written article. I will be sure to bookmark it and come back to read more of your useful information. Thank you for the post. I will definitely comeback.
I’ve been exploring for a little bit for any high-quality articles or blog posts in this kind of space . Exploring in Yahoo I eventually stumbled upon this site. Reading this info So i’m glad to exhibit that I have a very just right uncanny feeling I found out exactly what I needed. I so much unquestionably will make certain to don?t put out of your mind this web site and give it a look on a continuing basis.
Hey there, I think your blog might be having browser compatibility issues. When I look at your blog site in Firefox, it looks fine but when opening in Internet Explorer, it has some overlapping. I just wanted to give you a quick heads up! Other then that, fantastic blog!
I’m not positive where you are getting your info, however good topic. I needs to spend a while learning more or working out more. Thank you for fantastic information I used to be on the lookout for this information for my mission.
Pretty great post. I simply stumbled upon your blog and wanted to mention that I have really enjoyed browsing your blog posts. In any case I’ll be subscribing in your feed and I hope you write again soon!
Currently it sounds like Movable Type is the top blogging platform out there right now. (from what I’ve read) Is that what you’re using on your blog?
Good article. I certainly love this website. Stick with it!
I know this web site gives quality based articles and other stuff, is there any other site which gives these stuff in quality?
Hey there! Someone in my Myspace group shared this site with us so I came to take a look. I’m definitely enjoying the information. I’m book-marking and will be tweeting this to my followers! Great blog and terrific style and design.
It’s nearly impossible to find well-informed people on this topic, but you sound like you know what you’re talking about! Thanks
Wow that was strange. I just wrote an extremely long comment but after I clicked submit my comment didn’t show up. Grrrr… well I’m not writing all that over again. Regardless, just wanted to say superb blog!
I was more than happy to find this web site. I wanted to thank you for your time due to this wonderful read!! I definitely appreciated every little bit of it and I have you book-marked to check out new things on your web site.
I’ve read some just right stuff here. Definitely worth bookmarking for revisiting. I wonder how much attempt you put to create this kind of great informative site.
Yes! Finally something about %keyword1%.
This excellent website really has all of the info I wanted about this subject and didn’t know who to ask.
Hey there! This post couldn’t be written any better! Reading this post reminds me of my good old room mate! He always kept talking about this. I will forward this post to him. Pretty sure he will have a good read. Thank you for sharing!
I love your blog.. very nice colors & theme. Did you design this website yourself or did you hire someone to do it for you? Plz reply as I’m looking to design my own blog and would like to know where u got this from. kudos
Your means of explaining all in this article is in fact pleasant, all can without difficulty know it, Thanks a lot.
I simply could not depart your site prior to suggesting that I really enjoyed the standard information a person supply on your visitors? Is going to be back often in order to inspect new posts
What’s up, this weekend is nice in favor of me, as this time i am reading this wonderful informative piece of writing here at my home.
I was recommended this blog by my cousin. I am not sure whether this post is written by him as no one else know such detailed about my difficulty. You are amazing! Thanks!
My brother suggested I would possibly like this website. He used to be totally right. This post actually made my day. You cann’t consider just how so much time I had spent for this information! Thank you!
Great delivery. Great arguments. Keep up the amazing effort.
Highly energetic blog, I enjoyed that a lot. Will there be a part 2?
Hi there friends, nice piece of writing and nice arguments commented here, I am in fact enjoying by these.
Have you ever thought about publishing an e-book or guest authoring on other sites? I have a blog based upon on the same information you discuss and would really like to have you share some stories/information. I know my audience would enjoy your work. If you are even remotely interested, feel free to send me an e mail.
Really no matter if someone doesn’t know then its up to other viewers that they will help, so here it occurs.
Oh my goodness! Amazing article dude! Many thanks, However I am encountering problems with your RSS. I don’t know why I am unable to subscribe to it. Is there anyone else getting the same RSS problems? Anyone who knows the solution will you kindly respond? Thanx!!
поставка материалов на строительные объекты
Ищете решение для ремонта? Механизированная штукатурка с mehanizirovannaya-shtukaturka-moscow.ru – это быстро, качественно и без пыли.
Great goods from you, man. I’ve be mindful your stuff prior to and you’re simply too fantastic. I really like what you’ve received here, really like what you’re stating and the way through which you are saying it. You make it entertaining and you still take care of to stay it sensible. I cant wait to read far more from you. This is actually a great website.
Fantastic site. A lot of useful information here. I’m sending it to some pals ans also sharing in delicious. And obviously, thank you in your effort!
You really make it seem so easy together with your presentation however I in finding this topic to be really something which I think I would never understand. It kind of feels too complicated and very wide for me. I am looking forward for your next submit, I will try to get the cling of it!
Informative article, just what I wanted to find.
Хотите лучшего для своего дома? Механизированная штукатурка стен с mehanizirovannaya-shtukaturka-moscow.ru – это то, что вам нужно.
I don’t even know how I ended up here, but I thought this post was good. I don’t know who you are but definitely you are going to a famous blogger if you are not already 😉 Cheers!
Thank you a bunch for sharing this with all folks you really realize what you are talking approximately! Bookmarked. Please also discuss with my web site =). We will have a link change agreement among us
I’d like to thank you for the efforts you have put in writing this website. I am hoping to see the same high-grade blog posts from you in the future as well. In fact, your creative writing abilities has inspired me to get my very own blog now 😉
I like the valuable information you provide in your articles. I will bookmark your weblog and check again here frequently. I am quite certain I will learn many new stuff right here! Good luck for the next!
Wow, this post is pleasant, my sister is analyzing these things, so I am going to tell her.
This post is invaluable. Where can I find out more?
What’s up, everything is going perfectly here and ofcourse every one is sharing data, that’s really good, keep up writing.
Thanks for the marvelous posting! I seriously enjoyed reading it, you’re a great author.I will ensure that I bookmark your blog and definitely will come back very soon. I want to encourage that you continue your great posts, have a nice afternoon!
This is a great tip especially to those new to the blogosphere. Short but very accurate information Thank you for sharing this one. A must read article!
This post is priceless. Where can I find out more?
Do you mind if I quote a couple of your posts as long as I provide credit and sources back to your site? My website is in the very same area of interest as yours and my visitors would certainly benefit from a lot of the information you present here. Please let me know if this alright with you. Thanks a lot!
Appreciate the recommendation. Will try it out.
I am sure this piece of writing has touched all the internet viewers, its really really pleasant piece of writing on building up new blog.
Greetings! Very helpful advice within this article! It is the little changes that produce the biggest changes. Thanks for sharing!
hi!,I love your writing so so much! percentage we keep in touch more approximately your post on AOL? I need an expert in this area to unravel my problem. May be that is you! Looking forward to peer you.