Nigerian maritime sector
Reps Endorses NIMASA’s N774.77bn Revenue Projection for 2025
The House of Representatives has approved the Nigeria Maritime Administration and Safety Agency’s (NIMASA) 2025 revenue target of ₦774.77 billion, despite expressing reservations about the feasibility of meeting such a bold target and raising concerns over significant increases in recurrent expenditures and pending capital projects. The approval came during a budget defence session chaired by […]
Agents Urge Credit Check on Shipowners Before Cabotage Fund Access
In a bold move to ensure transparency and accountability in the maritime sector, the African Association of Professional Freight Forwarders and Logistics (APFLON) has formally urged the Federal Government to mandate a thorough verification of shipowners’ credit ratings before disbursing the long-delayed Cabotage Vessel Financing Fund (CVFF). This development follows recent directives by the Minister […]