Nigeria Unveils New CVFF Portal to Boost Local Ship Financing

The Nigerian government has launched the Cabotage Vessel Financing Fund (CVFF) Application Portal, aimed at improving local ship ownership financing. Minister Dr. Adegboyega Oyetola emphasized its role in reducing reliance on foreign vessels and fostering economic growth. The initiative addresses financing gaps for local shipowners, promoting maritime safety and job creation.

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Nigerian Government Calls for Seafarer Safety, Warns Against Harassment

The Nigerian government has warned the maritime sector about harassment and bullying of workers. During the 2025 Seafarers Day in Port Harcourt, Minister Adegboyega Oyetola stressed the importance of a respectful work environment, stating that such behavior undermines well-being and the industry’s reputation, asserting it has no place in maritime operations.

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