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

Dozens Feared Missing After Canoe Capsizes In Western Uganda

April 30, 2026

OPINION: CVFF Disbursement and the Burden of Responsibility: Why Repayment Discipline Matters for Nigeria’s Maritime Future  

April 30, 2026
CMSN Inducts 40 Professionals, Boosts Local Capacity in Marine Surveying

CMSN Inducts 40 Professionals, Boosts Local Capacity in Marine Surveying

April 6, 2026

NPA Targets N1.489tn Revenue For 2026

March 31, 2026

Discussion about this post

Latest News

EMPTY CONTAINER SALES: Stakeholders Protest Dollar Denominated Pricing As Grimaldi Eyes $4.5M Proceeds 

EMPTY CONTAINER SALES: Stakeholders Protest Dollar Denominated Pricing As Grimaldi Eyes $4.5M Proceeds 

May 4, 2026

Customs to Go Fully Paperless Before Year-End – ACG Babandede

Stakeholders Raise Alarm Over Rising Stowaway Tactics as Navy Records Eight Arrests in Four Months   

Stakeholders Express Mixed Reactions as FG Moves to Revive National Shipping Line 

N3m–N4m Per Container Gap Triggers Cargo Diversion To Cotonou — IMAN 

May Day: MWUN President Bunu Demands Wage Review, Urges FG to Tackle Insecurity 

Nigeria Seeks Fair, Inclusive Path to Net-Zero Shipping at IMO Summit

FG says Kano-Maradi Rail Project 60% Completed

Navy Cracks Down On Oil Thieves, Militants In N/Delta

SEREC Calls for Urgent Reform Continuity in Nigeria Customs, Warns Against Policy Reversals

OPINION: The Anchor of Reform: Nigeria’s Port Economic Regulatory Agency Bill and the Blue Economy Pivot

The Maritime Police: A clog in the wheel of  cargo clearance in the ports

kindly like our Facebook page

Health

Your Stool Determines The State Of Your Health
Health

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

April 27, 2026

Health experts have raised concerns over the low level of awareness surrounding liver diseases, warning that the condition had remained...

Your Stool Determines The State Of Your Health

Your Stool Determines The State Of Your Health

April 27, 2026
WARNING: High-Salt Diet May Speed Memory Decline In Men

WARNING: High-Salt Diet May Speed Memory Decline In Men

April 20, 2026
8% Nigerians Live With Diabetes – Official

8% Nigerians Live With Diabetes – Official

April 20, 2026
SALT USAGE ADVISORY: WHO, NAFDAC Warns Against Excessive Salt Intake, Recommends 1 Teaspoon Of Salt Daily

Some Health Benefits of Tomatoes?

April 13, 2026
SALT USAGE ADVISORY: WHO, NAFDAC Warns Against Excessive Salt Intake, Recommends 1 Teaspoon Of Salt Daily

SALT USAGE ADVISORY: WHO, NAFDAC Warns Against Excessive Salt Intake, Recommends 1 Teaspoon Of Salt Daily

April 13, 2026
Sleep Deprivation Root Cause Of Many Disease – Says Physician

Health Benefits Of Consuming Garden Egg

March 23, 2026
Sleep Deprivation Root Cause Of Many Disease – Says Physician

Sleep Deprivation Root Cause Of Many Disease – Says Physician

March 23, 2026
Report Finds Hypertension Affects Up To 40% Of Nigerian Adults In 2025

Stress Management: Psychiatrist Identifies Effective Coping Mechanisms

March 16, 2026
Report Finds Hypertension Affects Up To 40% Of Nigerian Adults In 2025

Report Finds Hypertension Affects Up To 40% Of Nigerian Adults In 2025

March 16, 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