...To end vessel financing freeze  After 23 years of inactivity, Nigeria’s $700 million Cabotage Vessel Financing Fund (CVFF) has finally been reactivated, raising hopes of ending the long-standing freeze on vessel financing for indigenous shipowners. The fund, created under the Coastal and Inland Shipping (Cabotage) Act of 2003 to unlock structured, long-term financing for Nigerian-owned vessels, had accumulated contributions over the years but was never fully operationalised. As a result, local operators remain
...To end vessel financing freeze  After 23 years of inactivity, Nigeria’s $700 million Cabotage Vessel Financing Fund (CVFF) has finally been reactivated, raising hopes of ending the long-standing freeze on vessel financing for indigenous shipowners. The fund, created under the Coastal and Inland Shipping (Cabotage) Act of 2003 to unlock structured, long-term financing for Nigerian-owned vessels, had accumulated contributions over the years but was never fully operationalised. As a result, local operators remain