...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
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Bethel Olujobi
Bethel Olujobi reports on trade and maritime business for BusinessDay with prior experience reporting on migration, labour, and tech. He holds a Bachelor's degree in Mass Communication from the University of Jos, and is certified by the FT, Reuters and Google. Drawing from his experience working with other respected news providers, he presents a nuanced and informed perspective on the complexities of critical matters. He is based in Lagos, Nigeria and occasionally commutes to Abuja.
