Vessel financing fund hits $300m, say ship owners

The Nigeria Indigenous Ship Owners Association has calculated that the Cabotage Vessel Financing Fund has accumulated up to $300m in the last 10 years. The President, NISA, Aminu Umar, stated this during the Annual General Meeting of the association in Lagos. He said, “The Cabotage Act has been on for over 10 years. The figures…

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