Home Business NIMASA awaits FG’s approval to disburse cabotage fund — Official

NIMASA awaits FG’s approval to disburse cabotage fund — Official


LAGOS – The Nigerian Maritime Administration and Safety Agency (NIMASA) says it is awaiting Federal Government’s approval to commence disbursement of Cabotage Vessel Financing Fund (CVFF).
Its Director-General, Dr Patrick Akpobolokemi, said this in an interview with the News Agency of Nigeria (NAN) in Lagos on Tuesday.
He said that already, the agency had made recommendations to the Federal Government on the disbursement of the funds.
Akpobolokemi said that as soon as the approval was given, the fund would be disbursed.
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“We have issues with the CVFF distribution.We’ve made recommendation to government. Government is studying the proposals.
“Government at the appropriate time will give the blessing and once they do that, we will distribute this money.
“In law, we can only make recommendations; when it is beyond our purview, we cannot do it.
“Government is looking at various problems all over, security, kidnapping, it is heavy load.
“But all of us must work for the pressures to reduce; all of us must work for the system to work. Only one person cannot save a society.
“When the government does anything that we feel is not correct.
“ we can constructively advise or constructively criticise. We are not saying government can do everything possible.
“We have to do everything to bring back our national carrier which we have started working with.
“ The private sector will come and be involved. Government can only provide the enabling environment for this kind of thing to happen.”
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Akpobolokemi said that some banks had been selected for the disbursement of the funds.
He said that the beneficiaries had been shortlisted and the list had been sent to the Federal Ministry of Transport for approval. (NAN)

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