Browsing: Cabotage Vessel Financing Fund (CVFF)

The Nigerian Maritime Administration and Safety Agency (NIMASA) has confirmed that the long-awaited disbursement of the Cabotage Vessel Financing Fund (CVFF) will attract a single-digit interest rate, with a two-year moratorium and an eight-year repayment tenure.

The founding President of the Nigerian Shipowners Association (NISA), Mr. Isaac Jolapamo, says the suspension of the Cabotage Vessel Financing Fund (CVFF) will affect the progress in the fund’s disbursement conditions.