Maritime

CVFF: Ship owners express hope; charge beneficiaries to sort out criteria early before general elections

CVFF: Ship owners express hope; charge beneficiaries to sort out criteria early before general CVFF

 

Despite being in general election year and with few months to the end of the Buhari-led administration, ship owners express hope in the disbursement of the much talked about Cabotge Vessel Financing Fund (CVFF).

Those who spoke with monarchsnews.com stated that the early disbursement depends on the how quick the selected beneficiaries sort out the criteria for the disbursement of the fund.

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Some of the respondents to the inquiries by our correspondent said that even though the disbursement of the fund looked elusive, there is hope that it would be given to qualified beneficiaries this time around.

Jegede Paul, ship owner and member of the Nigeria Ship Owners Association, said that the recent pronouncement by the Minister of Transportation, Mua’zu Jaji Sambo is reliable.

The CEO of Japual Oil and Gas Services Plc optimistically maintained that disbursement of the fund would depend largely on the readiness of stakeholders.

His words, “Yes it is reliable depending on how quick the stakeholders sort out the criteria for disbursement with Government”

Otunba Sola Olatunji, MD/CEO of Victory Energy Resources Ltd said that disbursement of the fund was organic looking at the history of the Fund.

He added that several pronouncements have been made by government officials without keeping to the promise

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He said, “On the question you asked about the disbursement of CVFF, it’s really organic looking at the history of Cabotage, CVFF, pronouncements upon pronouncements by past and present public officials.

“It’s like government officials take pleasure in building hope for the maritime Entrepreneurs and at the end ,it turns out to be ‘ the more you look, the less you see! Here we are again, we hope this time around government pronouncement will not be ‘ as I dey pepper us ,I dey sweet them’ apology to Wike ! Good morning and stay blessed.”

For Captain Franklin Akinpelu, the dream of disbursing the fund is realizable despite general elections slated for February, 2023.

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