The Minister of Marine and Blue Economy, Dr Adegboyega Oyetola, has reaffirmed the Federal Government’s commitment to strengthening indigenous shipping capacity, assuring Nigerian shipowners of sustained support and promising his commitment to the disbursement of the Cabotage Vessel Financing Fund (CVFF) to qualified applicants. Oyetola gave the assurance on Friday at the Third Quarter 2026 Citizens’ and Stakeholders’ Engagement of the Federal Ministry of Marine and Blue Economy, held in Victoria Island, Lagos. The minister said the administration remained committed to the effective implementation of the Coastal and Inland Shipping (Cabotage) Act to ensure that Nigerians participate fully in the ownership and operation of vessels engaged in domestic maritime trade. “To our indigenous shipowners, I wish to reaffirm this Administration’s commitment to the development of indigenous shipping capacity and the effective implementation of the Coastal and Inland Shipping (Cabotage) Act,” he sa...
L-R: Minister of Marine and Blue Economy, Dr. Adegboyega Oyetola, unveiling the newly gazetted Nigerian Ports Economic Regulatory Agency (NPERA) Act, 2026 and the new agency’s logo at the third quarter stakeholders engagement of the Federal Ministry of Marine and Blue Economy, in Victoria Island, Lagos, on Friday. The Minister of Marine and Blue Economy, Dr Adegboyega Oyetola, has unveiled the newly gazetted Nigeria Ports Economic Regulatory Agency (NPERA) Act, 2026, alongside the agency’s official logo, describing the development as a significant milestone in efforts to strengthen port regulation, boost investor confidence and enhance Nigeria’s maritime competitiveness. According to the press statement issued by the Special Adviser to the Honourable Minister, Dr. Bolaji Akinola, the Minister made the disclosure on Friday at the Third Quarter 2026 Citizens’ and Stakeholders’ Engagement of the Federal Ministry of Marine and Blue Economy, held in Victoria Island, Lagos. The engagement, t...