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Nigeria’s Ship Financing Fund rises By 79%
The Cabotage Vessel Financing Fund has risen from $195m to $350m in 2022, representing 79.4 percent increase. The Minister of State for Transportation, Gbemisola Saraki, disclosed that the money in the CVFF account now stood at $350mn – equivalent to N210bn. Recall that the Federal Government, in 2003, set up the CVFF to address the…