Maritime
CVFF NIMASA meets with Zenith, 4 others banks, as Jamoh charges Banks to complement govt.’s effort
The Management of the Nigerian Maritime Administration and Safety Agency NIMASA today met with members of the Executive Management of Jaiz Bank, United Bank of Africa (UBA), Union Bank, Zenith Bank and Polaris Bank which are the Federal Government approved Primary Lending Institutions (PLIs) for the disbursement of the Cabotage Vessel Financing Fund, CVFF. Speaking shortly after a closed door meeting, the Director General of NIMASA, Dr. Bashir Jamoh OFR, said that the meeting is a major step towards the implementation of the Presidential directive on disbursing the CVFF as announced by the Honourable Minister of Transportation, Engr. Mu’azu Jaji Sambo, late last year. Jamoh noted that their engagement was to ensure that the Agency and the PLIs are on the same page to ensure that lessons from the past will prove useful in implementing the CVFF disbursement and lead to developing shipping and the blue economy in Nigeria.
In his words “we are engaging the banks on the management and disbursement of the CVFF because they are the ones who have the professional know-how in fund management and this would help us in the reduction of risk in order to avoid the same mistakes of the Ship Acquisition and Ship Building Fund”. The banks are expected to come up with issues such as the interest rate, tenor, collateral, and other requirements needed to access the fund. NIMASA is of the position that the interest rate should be of international best practices because the fund being disbursed is Dollar denominated.” The DG also noted that the CVFF regime is a win-win for all stakeholders involved including the banks adding that the banks should look at the windows of opportunity inherent for the benefit of all parties involved. On their part, the PLIs applauded the initiative and pledged their support towards ensuring judicious use of the funds to the beneficiaries in order to ensure accountability of the funds are guaranteed.
The Managing Director of Jaiz bank, Dr. Sirajo Salisu, who spoke on behalf of the PLIs assured of prompt action towards disbursing the funds, noting that interested shipowners should be ready to abide by the provisions of the Cabotage Act. “We will try our best to partner with the beneficiaries or the proposed beneficiaries of these funds and I believe they are much aware that this is not a grant, this is money that is meant for a purpose and we will ensure that that purpose is achieved to the benefits of the country.” He said. It is noteworthy that the Cabotage Act provides that NIMASA makes 50 per cent available, the PLIs are expected to support the project with 35 per cent, while intending shipowners would be required to make their contribution of 15 per cent of whatever amount of money is needed for the acquisition of a vessel.
The Nigerian Maritime Administration and Safety Agency (NIMASA) has expressed confidence that the Maritime Labour E-Platform would boost the sector’s competitiveness as it hosted a workshop to sensitize users of the portal through practical demonstrations and interactive sessions. Held in Lagos, the workshop practicalized the process of registering, verifying and issuing identity cards to seafarers and dockworkers via the NIMASA portal (@nimasa.gov.ng). Practical support measures, including training, cybersecurity and planning a phased rollout to ensure smooth adoption, were also discussed.
Speaking at the event, the NIMASA Executive Director, Maritime Labour and Cabotage Services, Mr. Jibril Abba stressed the importance of the digital platform to achieving global competitiveness, stating that “our digital transformation is underway. This year we launched the Maritime Labour E-Platform, building on our 2022 dockworkers registration success.
It is a modern, integrated system for registering and verifying seafarers, dockworkers, employers, and other stakeholders.” Represented by the Director, Maritime Labour Services Department, Mr. Ibrahim Umar Sidi, the Executive Director further noted that “by centralizing registration and issuing secure biometric ID cards, it cuts paperwork, speeds up processing, and gives us reliable real-time data. This helps us meet our obligations under the Maritime Labour Convention and boosts Nigeria’s competitiveness in the global Blue Economy.”
He also emphasized that the actualization of the digital platform was in line with the Agency’s statutory obligations, stating that, “This initiative directly fulfils our mandate under Section 27(1)(a) of the NIMASA Act 2007, which charges us with the duty to document and maintain a register of every maritime worker and operator. It also aligns with our obligations under the Maritime Labour Convention (MLC) 2006, often called the “Seafarers’ Bill of Rights for promoting fair working conditions, health protections, and social security.
In its efforts to build a smarter, more transparent, and efficient maritime sector, the Federal Government launched the Maritime Labour E-Platform, during an event in June marking the 2025 Day of the Seafarer in Port Harcourt, Rivers State. The platform, which is a digital solution designed to revolutionize the governance of maritime labour in Nigeria, was described by the Honourable Minister of Marine and Blue Economy, Adegboyega Oyetola at the time as “a transformative tool for labour administration”.
Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dayo Mobereola has noted that effective Port State Control (PSC) is one of the most potent tools of ensuring global safety and maintenance of environmental standards in shipping.
Dr. Mobereola who said this at a 5-day Regional Train the Trainer Workshop on Port State Control (PSC) for Member States of the Abuja Memorandum of Understanding (MoU), with the support of the International Maritime Organization (IMO), further emphasized that the quality of the professionals who implement PSC determines its overall success. Represented by the Executive Director, Operations, Engr. Fatai Taiye Adeyemi, the DG described the workshop as a reflection of Africa’s shared commitment to safer, cleaner, and more efficient shipping.
“Your presence here demonstrates our collective resolve to strengthen efficient maritime governance, improve safety standards, and enhance environmental protection across West and Central Africa,” he said. The DG commended the IMO, the Abuja MoU Secretariat, and all technical partners for their continued support towards capacity-building, regional cooperation, and the promotion of maritime safety in Africa.
Delivering a goodwill message, the representative of the IMO, Captain Ahmed Sewelam, reaffirmed the Organization’s unwavering commitment to supporting Member States through its technical cooperation programme to strengthen effective and harmonized Port State Control regimes globally. “Effective regional cooperation and harmonized PSC practices are essential to eliminate substandard shipping and promote consistency across the region,” Captain Sewelam said. He said that the workshop provides a unique platform for delegates to strengthen their collective capacity as Port States, while discussing key elements such as inspection procedures, reporting, and strategies for improved performance noting that “together, we can strengthen Port State Control implementation and advance maritime safety and sustainability in the region”.
On his part, the Secretary General of the Abuja MoU, Captain Sunday Umoren, reiterated that capacity building remains a top priority of the Abuja MoU. He noted that effective Flag State control directly influences the quality of Port State Control operations, emphasizing the importance of strong national systems. “We must continue to build capacity, strengthen cooperation, and share experiences to ensure that our region maintains high standards of maritime safety and compliance,” he said.
The Train-the-Trainer Workshop on Port State Control under the Abuja MoU represents another milestone in NIMASA’s ongoing efforts to strengthen maritime safety, promote environmental protection, and consolidate Nigeria’s leadership role in advancing regional maritime development. The workshop, which is being held in Lagos, has brought together delegates from 22 countries across West and Central Africa to deepen capacity, harmonize standards, and strengthen maritime safety oversight across the region.
The Nigerian Ports Authority (NPA) announced on Monday that about 20 ships laden with food items, petroleum products, and other goods are expected to arrive at Apapa and Tin-Can Island ports in Lagos. In its shipping position for Monday, the authority disclosed that the ships will arrive in Lagos from November 10 to 12.
According to the NPA, out of the 20 expected ships, four contain crude oil, four contain petrol, three others are to arrive with aviation fuel, while the remaining nine ships are to arrive with diesel, gas oil, and different products.
The NPA also hinted that three ships had arrived at the ports and were waiting to berth with general cargo and bulk urea. Meanwhile, it says that 11 ships are currently at the ports discharging general cargoes, bulk wheat, bulk sugar, containers, and bulk gas. NAN
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