The newly-elected President of Shipowners’ Association of Nigeria , Dr, Mkgeorge Onyung, has promised to ensure the disbursement of the Cabotage Vessels Finance Fund to maritime operators.
“The CVFF is created for the benefit of indigenous shipowners and the fact that it had not been disbursed means something needs to be fine tuned. He said that its executive members would look at the best way to ensure that CVFF is disbursed to our members. “The task for the future is very enormous, I want to see a very smoother relationship with our stakeholders and regulators.
He said the non disbursement had affected activities of shipowners to compete favourably in the sector globally.
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