In 2023, there are lot of expectations from maritime stakeholders on the federal government. Though, President Muhammadu Buhari’s administration will ends its
One of the things that stakeholders in the maritime sector will want to come to pass is a disbursement of the Cabotage Vessels Finance Fund , false disbursement of CVFF for local ship owners who have been struggling in the nation’s Marítime sector.
The chairman Board of Trustees , Chief Issac Jolapamo, stated that indigenous Shipowners would have contributed more than $2billion to the fund in the last 17 years, saying $350 million cannot fund acquisition of 6 vessels. Also speaking, the managing director, JAPAUL Oil and Maritime Service Limited, Paul Jegede, said it is not enough to be excited about the disbursement of the fund but, auditing must be carried out to know the exact amount that has been contributed by Shipowners.
This is coming despite FG’s assurance that the standard gauge rail line will be linked to Apapa port for cargo evacuation by July 2022, the standard gauge line is yet to be linked to the port for cargo evacuation. “We want to ensure that before the end of next month, the activities here have improved and by the end of this month, we want to ensure that the removal of this Customs facility, which is on the rail track, is resolved. The goal is to have this track operational by the end of July 2022,” she said
However, the poor evacuation plan of the deep seaport have been a source of concern to major stakeholders who opined that the poor evacuation plan will stunt the capacity of the deep seaport.
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