NIGERIAN MARITIME ADMINISTRATION AND SAFETY AGENCY (NIMASA)-
EXPRESSION OF INTEREST AS A PRIMARY LENDING INSTITUTION FOR IMPLEMENTATION AND DISBURSEMENT OF THE CABOTAGE VESSEL FINANCING FUND (CVFF): EXPRESSION OF INTEREST AS A PRIMARY LENDING INSTITUTION
NIGERIAN MARITIME ADMINISTRATION AND SAFETY AGENCY (NIMASA)
(ESTABLISHED UNDER THE NIGERIAN MARITIME ADMINISTRATION AND SAFETY AGENCY ACT, 2007)
MARITIME HOUSE: 4 BURMA ROAD, APAPA, P.M.B. 12861, LAGOS.
EMAIL: info@nimasa.gov.ng; WEBSITE: www.nimasa.gov.ng
PROC. 03/21/SN01
IMPLEMENTATION AND DISBURSEMENT OF THE CABOTAGE VESSEL FINANCING FUND (CVFF): EXPRESSION OF INTEREST AS A PRIMARY LENDING INSTITUTION
We have received the approval of the President and Commander in Chief to disburse the Cabotage Vessel Financing Fund (CVFF) to qualified indigenous maritime operators in line with the Treasury Single Account (TSA) policy and the CVFF Guidelines 2006. The Cabotage Vessel Financing Fund (CUFF) is a fund set up by the provisions of section 42(1)-(2) of the Cabotage Act 2003 for the purpose of promoting the development of indigenous ship acquisition capacity by providing financial assistance to Nigerian operators in domestic coastal shipping. In line with the provisions of section 44, part viii of the Coastal and Inland Shipping (Cabotage) Act 2003, the Federal Ministry of Transportation issued guidelines for the implementation of the Cabotage Vessel Financing Fund (CVFF) 2006.
Section 4 of the guidelines specified the minimum requirement for participation as Primary Lending
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