National
Buhari authorized the disbursement of $350 million from the Cabotage Vessel Financing Fund
Eng Muazu Jaji Sambo, Minister of Transportation, has announced that President Muhammadu Buhari has approved the disbursement of the $350 million Cabotage Vessel Financing Fund (CVFF).
Sambo made the announcement at the flag-off ceremony for the third phase of the Nigerian Seafarers Development Program (NSDP) at the Naval Dockyard in Lagos on Saturday.
The Minister stated that plans to approach the Minister of Finance and Budget Planning as well as the Central Bank of Nigeria are in the works.
According to Sambo, the fund will be distributed to five primary lending institutions.
“President Muhammadu Buhari has approved my request for the disbursement of the CVFF Fund,” Sambo said. Finally, we’ve broken the 17-year jinx.
“The CVFF Fund, which has surpassed $350 million, is housed in the Federal Government’s Treasury Single Account (TSA), and it will be transferred to approved primary lending institutions.”
-
Politics4 days agoJUST-IN: George Turnah Welcomes Isaac Amakuro’s Disassociation from G-House Political Family
-
News6 days agoJUST-IN: Police declare Portable wanted, slam attempted murder and four other alleged offences on him
-
Breaking News6 days agoEdwin Clark dies at 97
-
Politics7 days agoPDP BROUHAHA: Ogbia Ward 9 Pass Vote Of Confidence On Alabh George Turnah
-
Politics7 days agoREBUTTAL: TEKENANE ABAKA REMAINS SUBSTANTIVE CDC CHAIRMAN OF BILABIRI 1 COMMUNITY
-
Politics7 days agoIt is disrespectful to Nigeria; however, self-respect must come first,” declared Sen Ndume regarding Canada’s refusal to grant a visa to the Chief of Defence Staff.
-
Politics7 days agoUPDATE: Thirty-six Lagos legislators express their unwavering confidence in the Speaker as the assembly adjourns its plenary session indefinitely.
-
Politics6 days agoYou Have 72hurs To Resign Your Appointments From Gov Diri’s Govt: Alabh George Turnah Tells Loyalist.