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Banks, shipowners endorse de-risking plan for $700m CVFF fund

Banks, indigenous shipowners and key players in Nigeria’s maritime industry have thrown their weight behind a comprehensive de-risking framework aimed at accelerating the disbursement of the $700 million Cabotage Vessel Financing Fund (CVFF) and boosting indigenous participation in coastal shipping. The consensus emerged at the…

July 20, 2026 Nigeria

Banks, indigenous shipowners and key players in Nigeria’s maritime industry have thrown their weight behind a comprehensive de-risking framework aimed at accelerating the disbursement of the $700 million Cabotage Vessel Financing Fund (CVFF) and boosting indigenous participation in coastal shipping. The consensus emerged at the…

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