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Shipping Stakeholders Laud Move to Disburse Cabotage Fund

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Cabotage Vessel Financing Fund

By Adedapo Adesanya

Shipowners have commended the Minister of Marine and Blue Economy, Mr Adegboyega Oyetola, for the directive to the Nigerian Maritime Administration and Safety Agency (NIMASA) to commence the process for the disbursement of the Cabotage Vessel Financing Fund  (CVFF).

Last week, Mr Oyetola instructed NIMASA to initiate the long-awaited disbursement process for the CVFF.

The CVFF, established under the Coastal and Inland Shipping (Cabotage) Act of 2003, was designed to empower Nigerian shipping companies through access to structured financing for vessel acquisition.

However, successive administrations failed to operationalize the fund—until now. This directive marks a significant shift from over two decades of administrative stagnation and ushers in a new era of strategic repositioning of Nigeria’s indigenous shipping.

Several stakeholders including Mr Greg Ogbeifun, the Managing Director of Starzs Marine and Engineering Limited, said the directive is a welcome development that will further spur the growth of the sector.

He also urged the government to ensure that the requirements of the act are followed.

He said that the minister is acting accordingly by taking the bull by its horns through the disbursement of the fund.

“The minister’s move is commendable. The important thing is that due processes, according to the requirements of the Act, have to be followed. I have looked at the marine notice that was sent out, and I think it’s in line with the requirements of the Act,” Mr Ogbeifun said.

He mentioned that, looking at the previous guidelines, there is a reason to believe that the minister is acting accordingly.

“But I don’t know if the requirements of the Act, as it relates to the legislative part of government, are followed,” he stated.

Mr Ogbeifun reiterated that the directive would unlock the long-standing issue of disbursement of the CVFF.

On his part, the President of SOAN, Mr Sonny Eja, applauded Mr Oyetola, stating that the decision was a welcome development.

Mr Eja mentioned that aside from being long overdue, partnering with the Bank of Industry for the disbursement is another feat.

“I would say this is a welcome development, though it’s long overdue. I have always said to people, don’t blame yourself for not doing something yesterday or for not doing something last week or last month, the best time to start is now, and so it’s a welcome development.

“I am equally excited about the fact that they are partnering with Bank of Industry (BOI) in respect of this fund. For me, to hear that they are going to work with BOI to disburse this fund is quite a good development,” Mr Eja added.

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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Nigeria Launches Online Citizenship, Business Management Platform

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online citizenship platform nigeria

By Adedapo Adesanya

The Ministry of Interior has announced the launch of a new online citizenship and business management platform.

In a statement by the Ministry’s Permanent Secretary, Mrs Magdalene Ajani, on Friday in Abuja, it was disclosed that the new digital platform was designed to streamline the application and processing of citizenship and business-related services, ensuring faster turnaround time and improved user experience.

According to the statement, the platform is aimed at managing citizenship applications, processing business permits, and administering regulations related to businesses, and foreign workers.

The permanent secretary explained further that the initiative was part of the ministry’s ongoing reforms aimed at promoting transparency, enhancing operational efficiency thereby significantly improving service delivery to the public.

Members of the public, corporate entities, and other stakeholders are hereby expected to access the platform through the following official channels: Ministry of Interior’s website: https://interior.gov.ng and for direct portal access: https://candb.interior.gov.ng, [email protected] for support or inquiries.

“The ministry remains committed to establishing a more efficient, transparent, and secure framework for citizenship administration, while continuously enhancing service delivery through digital transformation,” the statement concluded.

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Indorama Restates Commitment Environmental Preservation, CSR

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Indorama Jossy Nkwocha

By Bon Peters

A leading petrochemicals and fertilizer production company in Rivers State, Indorama Eleme Petrochemicals Limited, has reaffirmed its determination to always prioritise environmental preservation, corporate social responsibility (CSR) and other policies geared towards profitability.

The Managing Director of Indorama Nigeria and Executive Director at Indorama Africa, Mr Manish Mundra, gave this reassurance at a media parley to introduce the new Head of Corporate Communications of the organisation, Mr Bibiye Justice.

Mr Justice is taking over from Mr Jossy Nkwocha, who retires from the company from the end of May 2025 after 18 years in charge of the image-making of the company.

Mr Mundra, represented by the Chief Technical Officer of Indorama Nigeria, Mr Deepu Sivadas, praised Mr Nkwocha for demonstrating a high level of professionalism in his partnership with journalists, saying the synergy has positioned Indorama in the right perspective in terms of reportage of the company’s operations.

In his remarks, Mr Nkwocha commended the management of Indorama for giving him the opportunity to serve in the company and thanked journalists for their support.

“I have enjoyed tremendous support of journalists in the state in the past 18 years, and for this reason, I haven’t experienced any media crises.

“I want to thank you all for your cooperation and to announce that I’m about stepping down, by the end of this month, I shall be retiring and Mr Justice Bibiye will be stepping in my shoes.

“Bibiye is one of us, a thorough bred corporate communications personality, having served at NTA and AIT. I, therefore, urge you to avail him the same level of support,” he said.

On his part, Mr Justice commended newsmen for supporting his predecessor and contributing to the growth of the company.

“Indorama is critical national asset contributing significantly to the economy. The company is continuously creating jobs and assisting the government tackle food shortage through high quality fertilizers production for export and local demands,” he said.

The chairman of the Nigeria Union of Journalists (NUJ) in Rivers State, Mr Paul Bazia, while speaking, lauded the organisation for its achievements and pledged to sustain the cooperation.

Indorama, an 8,000 metric tons daily capacity fertilizer production company, is the largest single-train urea facility in the Sub-Saharan Africa with a legacy of excellence in fertilizer production.

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89 Northerners in Viral Video Recruited to Work at Dangote Refinery—Police

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89 northerners dangote refinery

By Modupe Gbadeyanka

The Lagos State Command of the Nigeria Police Force (NPF) has called for calm over a viral video showing some young persons from Katsina State seen around Ibeju Lekki area of Lagos State.

In a statement on Friday, the spokesperson for the Lagos State Police Command, Mr Benjamin Hundeyin, a Chief Superintendent of Police (CSP), said residents of the metropolis have nothing to worry about because the persons seen in the visual were recruited to work at the Dangote Refinery.

According to him, the contractor responsible for their recruitment and the refinery’s Chief Security Officer (CSO) both confirmed the arrangement.

He stated that the labourers have been cleared to reside and work within the $20 billion oil facility after all necessary checks were conducted them.

“Upon receipt of the information on May 14, 2025, officers from the Command immediately deployed to the location to ascertain the facts.

“Preliminary investigations revealed that the young men in question, 89 in number, had arrived from Katsina State and were recruited to work as labourers at the Dangote Refinery in Lekki.

“The contractor working with the refinery appeared before the police and confirmed that he had personally sourced and brought the labourers from Katsina for legitimate employment purposes.

“The individuals were thoroughly searched, and no incriminating items were found in their possession.

“Furthermore, each person properly identified themselves and presented their National Identification Numbers (NINs), which were duly verified,” Mr Hundeyin stated, assuring that, “The command remains committed to maintaining law and order across Lagos State and will continue to respond promptly to all matters relating to public safety.”

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