shippingposition
  • Home
  • News
  • Editorial
    • Vox Pop
  • Maritime safety
  • Oil and Gas
  • Personality
  • Health
No Result
View All Result
shippingposition

Home » Do you support the minister’s decisions to set up a committee on the disbursement of  the CVFF? 

Do you support the minister’s decisions to set up a committee on the disbursement of  the CVFF? 

by Joshua
February 3, 2020
in Uncategorized

 
Mr. John Aluya (VP. MAN)

There have been too many controversies over the CVFF; some people said the money is there, while others are saying that the money is not there. Now that the money is going to be disbursed to indigenous ship owners, I think the proper thing should be done. If the proper thing entails setting up a committee to review the conditions, then that is fine. One of the things that MAN frowns against is doing things illegally, now that the thing is done legally it is fine. The beneficiaries know there right.

Mr. Lucky Amiwero (Stakeholder)

The CVFF is something that should be handled by NIMASA, you don’t need a committee to do that. They should go and look at the law, NIMASA is the agency that has the power to do that it falls under their jurisdiction. By the positions of the Act of NIMASA the minister has no right to set up a committee, you don’t need a ministerial committee to do that, the law has empowered NIMASA to do that.

Engineer Henry Unuigbe (NIMENA) 

I am not aware that a committee has been set up, but since the committee has been, it means that there is something positive to it because this is what we have been clamoring for. It means that they have not taken steps to disburse the fund. I know people are not in support, but I am in support of the disbursement because we have been talking about Cabotage and empowering our people. The money belongs to ship owners they contributed it and I believe that it is the right time. What they should so is to ensure they put in place a proper guideline so that the process will not be abused, it should not be political. People who have all it takes may cash in and quickly register their ships and before you know it, they are disbursing the funds to them. So they need to be careful on the way they go about it, if they are not biased then the process will stay through and Nigerians will enjoy it.
 
Capt. Taiwo Akinpelumi (Shipowner)

The Cabotage Act is clear, the minister has the power to set up committee, to review or to come up with guidelines  for the disbursement, so it is within the Minister’s power, so there is no ambiguity about that, although of course the CVFF have been in existence since 2004, and I think it is appropriate because the Act actually gives room for fund managers, but we need to know how much has accrued into the fund till date, one thing is to say we have $200 million, but is it $200 million dollars? If yes there is need for forensic audit for transparency.
 
Barrister Alex Afolalu (Maritime Lawyer)

Well, under the law the minister has  gone beyond his jurisdiction, I think the Act empowers him to set up committee to look into the fund and determine how the funds will be disbursed, so for me the minister has done no wrong, but let him ensure that that the committee includes ship owners and not just anyhow persons in the industry.
 
Capt Tajudeen Alao (President NAMM)

It is a welcome idea, because it shows seriousness and also encompasses stakeholders, but my own complaint  is that it should have been enlarged ; when you have a committee, you must have a subcommittee, technical committees, and sub technical committees, and then another thing is that association of masters mariners were not included, like mariners and surveyors are not included, even the IOCs and major contributors are not included. So, if they are not included what is the purpose of the committee, somebody will just take money and go and  buy what he likes and the thing will be lying idle there without generating employment, but we have gone round the world so we know the different type of ships and the best type for use in the region.


Related Posts

Dangote To Revive Olokola Free Trade Zone In Ondo

June 16, 2026
United States and Islamic Republic of Iran Peace Deal Excites IMO scribe

United States and Islamic Republic of Iran Peace Deal Excites IMO scribe

June 15, 2026
Customs, NESREA Bust Wildlife Trafficking Syndicate, Seize Elephant Tusks Worth N126m

Customs, NESREA Bust Wildlife Trafficking Syndicate, Seize Elephant Tusks Worth N126m

June 15, 2026
N28Billion Largesse:  All Cargo Owners Must Register Under Shippers’ Association to Access Cargo Defence Fund – SALS 

N28Billion Largesse:  All Cargo Owners Must Register Under Shippers’ Association to Access Cargo Defence Fund – SALS 

June 15, 2026

Discussion about this post

Latest News

Dangote To Revive Olokola Free Trade Zone In Ondo

June 16, 2026

World Bank Ranks Apapa, Tin Can Among World’s Most Improved Ports

NESREA, Customs Arrest 4 Over Wildlife Crime

FG Moves To Curb Rising Cooking Gas Prices

Oyo Shippers Association President Hails Bolanle Emmanuel on Retirement from NEPC

FG, Firm Sign Concession Agreement On National Transport Databank Project

Vessels Expected At Lagos Ports As At 16th June, 2026

Customs Seizes N403.5m Worth of Smuggled Vegetable Oil in Major Anti-Smuggling Operation

United States and Islamic Republic of Iran Peace Deal Excites IMO scribe

Customs, NESREA Bust Wildlife Trafficking Syndicate, Seize Elephant Tusks Worth N126m

Nigeria Spends N1.39 Trillion On Food Imports Q1 2026

N28Billion Largesse:  All Cargo Owners Must Register Under Shippers’ Association to Access Cargo Defence Fund – SALS 

kindly like our Facebook page

Health

Health Benefits And Side Effects Of Bitter Kola
Health

Health Benefits And Side Effects Of Bitter Kola

June 8, 2026

Bitter kola, also known as garcinia kola or bitter kola, is a common plant which can be found across Central...

NCDC Places States On High Ebola Preparedness Alert Over Importation Risk

NCDC Places States On High Ebola Preparedness Alert Over Importation Risk

June 1, 2026
It’s The Season Of Corn

It’s The Season Of Corn

June 1, 2026
Ovarian Cancer: Why Nigerian Women Are Dying In Silence

Ovarian Cancer: Why Nigerian Women Are Dying In Silence

May 18, 2026
Beware: ‘Agbo’ Can Kill Asthmatics, Inhalers Save Lives — Pulmonologist

WARNING: No Amount Of Sex, Special Diet Can Prevent Prostate Cancer

May 11, 2026
Beware: ‘Agbo’ Can Kill Asthmatics, Inhalers Save Lives — Pulmonologist

Beware: ‘Agbo’ Can Kill Asthmatics, Inhalers Save Lives — Pulmonologist

May 11, 2026
Why Nigerians Must Reduce Excessive Salt Intake – Public Health Expert

Why Nigerians Must Reduce Excessive Salt Intake – Public Health Expert

May 4, 2026
Nigeria, 9 Others Account For 70% Global Hepatitis B deaths —WHO

Nigeria, 9 Others Account For 70% Global Hepatitis B deaths —WHO

May 4, 2026
Your Stool Determines The State Of Your Health

World Liver Day 2026: Low Awareness Threatens Fight Against Liver Disease – Experts

April 27, 2026
Your Stool Determines The State Of Your Health

Your Stool Determines The State Of Your Health

April 27, 2026

© 2021 Shippingposition

Navigate Site

  • Home
  • About Us
  • Contact us
  • Privacy Policy
  • Editorial Policy
  • Sitemap
  • Terms

Follow Us

No Result
View All Result
  • News
  • Coast To Coast
  • Oil and Gas
  • Maritime Education
  • The Terminals
  • Maritime safety

© 2021 Shippingposition