The Federal Government of Nigeria is preparing to commence disbursement of the long-delayed Cabotage Vessel Financing Fund (CVFF) to qualified Nigerian shipowners, with successful applicants able to access up to $25 million each for vessel acquisition and business expansion. Minister of Marine and Blue Economy, Adegboyega Oyetola, disclosed the development on Monday, stating that the initiative would increase indigenous participation in Nigeria’s maritime industry and support the creation of more than 30,000 direct and indirect jobs. Established under the Coastal and Inland Shipping (Cabotage) Act of 2003, the CVFF was designed...