Skip to main content

FG sets up committee to address concerns over CVFF disbursement

Stories by Godfrey Bivbere

FOLLOWING concerns raised by the maritime stakeholders over the planned disbursement of the Cabotage Vessel Financing Fund, CVFF, the Federal Government has set up a committee to address the issues.

The committee which was set up after the meeting between the Minister of Transportation, Rotimi Amaechi and parastatals under it, Vanguard Maritime Report gathered, had former Director-General of the Nigerian Maritime Administration and Safety Agency, NIMASA, Temisan Omatseye, as chairman, while President of the Ship Owners Association of Nigeria, SOAN, McGoerge Onyoung, and others as members.

READ ALSO:2 suspects arrested for duping bank manager N70m in Adamawa(Opens in a new browser tab)

A source close to one of the government agencies told Vanguard Maritime Report that there is uncertainty over the actual terms of reference of the committee.

The source explained that the first information received was that the committee would work out modalities for the disbursement. But another source said the committee was charged with the responsibility of addressing the concerns raised by stakeholders before any disbursement.

However, a source close to the office of the minister told Vanguard Maritime Report that the decision was yet to be official passed on to members of the committee as a result of the holidays.

The source said, “You know everyone concern in this matter is out of town on holidays and it was decided at the meeting that the official communication to those concerned should wait until after the holidays.

“I am sure that they will swing into action next month after the holidays but I doubt if the disbursement will commence next month as promised by the Honourable Minister,” the source concluded.

The post FG sets up committee to address concerns over CVFF disbursement appeared first on Vanguard News.


by Urowayino Jeremiah via Vanguard News https://ift.tt/2Fb5aEq Wikipedia Our Friends From Virginia
Labels:

Comments

Post a Comment

Popular posts from this blog

Happy Workers’ Day!!!from all of us at Coronation Merchant Bank

Today, we celebrate all our health care workers that are on call, working long hours and tirelessly trying to flatten the curve of the COVID-19 pandemic. Without them, the country would be overwhelmed by the Coronavirus pandemic but they are risking everything to make sure we conquer the virus. Aside from being a day to celebrate workers, “Mayday” is also a distress call. Hence, we are calling on all Nigerians to mask up and stay home as much as they can so that the efforts of our health care workers will not be in vain. Happy Workers’ Day from all of us at Coronation Merchant Bank The post Happy Workers’ Day!!!from all of us at Coronation Merchant Bank appeared first on Vanguard News . by sunday via Vanguard News https://ift.tt/2VQxs07 Wikipedia Our Friends From Virginia
Post a Comment
Read more

Buhari reappoints Runsewe, others

 By Osa Amadi President Muhammadu Buhari has reappointed Otunba Segun Runsewe as Director-General, National Council for Arts and Culture for another term of four years to continue the deepening of Nigeria’s cultural economy. The appointment was announced on April 30, 2021, by Garba Shehu, President Buhari’s Senior Special Assistant on Media and publicity. Others who were also reappointed were Mr Folorunso Coker, Director-General, Nigeria Tourism Development Corporation, and Alhaji Adedayo Thomas, Executive Director National Film and Video Censors Board (NFVCB). The President also approved the appointment of Alhaji Ahmed Mohammed Ahmed as the Chief Executive Officer /Artistic Director of the National Troupe of Nigeria. Alhaji Ahmed was until his appointment, Director of Culture in the Ministry of Culture and Tourism, Bauchi State. Vanguard News Nigeria The post Buhari reappoints Runsewe, others appeared first on Vanguard News . by Lawal Sherifat via Vanguard News https:/...
Post a Comment
Read more

CBN depreciates naira to N410.25 in I&E window

CBN By Elizabeth Adegbesan The Central Bank of Nigeria depreciated the naira yesterday by N16.25 kobo depreciated in the Investors and Exporters (I&E) window. This represents the third and  biggest daily depreciation of the naira since 2017. Recall, the indicative exchange rate for the window jumped to N374 per dollar at the close of business from N368.33 per dollar on 11th of March 2020, translating to N5.67 depreciation for the naira. READ ALSO: ASUU strike cripples economies of university communities in 2020 Similarly,  last month,  CBN depreciated the naira  by N7.75 in the window, as the FMDQ platform, showed that the I&E window rose to N393/$ at the close of business from N385.5/$  November 24 2020. Data from FMDQ showed that the indicative exchange rate for the window rose to N410.25 per dollar from N394 per dollar on Wednesday, indicating N16.25 kobo depreciation of the naira. However, the volume of dollars (turnover) traded in the win...
Post a Comment
Read more