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At Portnews Summit, Captain Olubowale raises concern over protracted delay in disbursement of CVFF

Funso OLOJO 
Captain Ladi Olubowale, the President of African Shipowners Association(ASA) has expressed a grave concern over the  continued delay in the disbursement of the Cabotage Vessels Financing funds(CVFF), raising doubt if the fund is still available.
Captain Olubowale, who was the lead speaker at the Portnews 2025 Summit held in Lagos on Thursday, November 6th, 2025 ,lamented that for everyday the disbursement is delayed, Nigeria is losing and its shipyard industry is dying.
The President of African Shipowners Association, who spoke on the theme of the Summit” Nigeria’s Shipping Carriage Gaps, CVFF, and the Fading Manpower” said the the expectant indigenous Shipowners have suffered series of disappointments and failed promises from government whom he accused of insincerity on the disbursement.
“The question we will ask is, is the money still available? Is the money real?
” For every day we spend not using that money, there’s a loss. For every day we spend, our shipyard industry is dying.
 It could be recalled that the successive administration of the Nigerian Maritime Administration and Safety Agency (NIMASA), the agency charged with the disbursement of the fund, have made series of unfulfilled promises since the creation of the fund in 2003.
The latest of such failed promises was made by the incumbent Director- General of NIMASA, Dr Dayo Mobereola, who said he has secured the approval of the Minister of Marine and Blue Economy, Adegboyega Oyetola, to disburse the fund in August,2025.
However Captain Olubowale said the non- disbursement of the fund has created the gap in Nigeria’s  shipping carriage.
According to him, the country carries less than 10 percent of its cargo due to lack of vessels owned by Nigerians.
“Today, Nigeria moves over 150 million tonnes of cargo annually; crude oil, gas, containers, and dry bulk.
“Yet, less than 10% of that trade is carried by Nigerian-owned  vessels.
Foreign shipping lines dominate our trade. This means billions of dollars in freight revenue leave our economy
every year.
” In 2023 alone, freight payments exceeded $9 billion, mostly earned by non-Nigerian operators.
“This dependence makes us vulnerable to global shocks and limits our economic sovereignty.”
“Nigeria exports oil, LNG, and agricultural
products. Yet our shipping presence is
minimal. We’ve become cargo owners without shipping power.
“This gap weakens our trade balance,
employment base, and technical capacity.
“Every vessel we don’t own represents lost jobs, lost taxes, and lost experience” Captain Olubowale lamented.
Prince Wale Oni, the Publisher of Portnews and the convener of the annual maritime summit recalled the cherry years of Nigerian National Shipping Line(NNSL) in the 80s when Nigeria was the proud owners of several sea- going vessels and vibrant Seafarers.
He however lamented that few years after, the NNSL and all its vessels have gone under while the Seafarers of those years have either died or old without much effort of replacement them.
“At the zenith of  its glory, the Nigerian National Shipping Line paraded about thirty ocean going vessels with brilliant and respected master mariners like our captain lheanacho resplendent behind the wheels. Good and shining ambassadors of Nigeria.
“Ironically, this only lasted from the pre oil boom years of the 60s through the 70s up until the 80s.
“But where are we today? Despite the survival stamina of our industry, the NNSL and all its vessels have gone under.
“Where are the hundreds of super trained staff of NNSL and other crew of MV Kudirat Abiola, MV Binta Yaradua? We all remember the fate of MV Abuja” Prince Oni recalled with nostalgia.
He however queried the propriety of keeping huge sum of accrued CVFF idle by NIMASA while indigenous shipping, which is supposed to benefit from the fund are suffering.
“NIMASA is  to superintend the Coastal and lnland Shipping Act of 2003 otherwise known as Cabotage Vessels Finance Fund.
“The Cabotage Vessels Finance Fund primarily  provides funds for indigenous ship owners for medium size coastal vessels acquisition and maintenance.
” The fund was to be sourced through 2 percent surcharge and other levies.
“Between 2003, it is being mouthed that about 800 million dollars has been realized into the CVFF purse
“Some rumour it to be one billion dollars.
“Why can’t government tell us the exact amount? Why this level of opaqueness.
“Why this humongous volume of public money remain idle for so long, especially now that virtually all the indigenous companies in coastal carriage business have gone under ?
” Ask Chief Jolapamo,  ask Otunba Sola Adewunmi of Nigeria l indigenous Ship Owners Association, (NlSA).
“Lets us imagine the volumes of cargo and the revenue being lost to smart foreigners in the West Coast.
“I admit that a few upstarts have taken advantage of  Dangote Refinery and big time tank farms. But on a scrutiny, are they really in charge?
 “Must we continue playing second fiddle even to our West African brothers in this trade?
“At this juncture, l will salute NIMASA for keeping such large sums unscathed in its vault for  over twenty years.
” It is a national record in fidelity.
But, why would a nation deem it wise to save about 800 million dollars for so long without finding it expedient to dispense it for the purpose it was generated?
“When thousands of its skilled seamen, master mariners, professionals trained at exorbitant costs in the best shipping schools around the world are loafing around, wasting away?” the Publisher queried
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Analyses

National Single Window: Paper on glass(6)

Monday Discourse with Nasiru Ibrahim 

The deployment of digital software portals across Nigeria’s maritime gateways has created a dangerous sense of administrative accomplishment.

On paper, policy declarations boast of automated workflows and modern interfaces designed to ease the cost of doing business. On the ground, however, the reality remains stubbornly archaic.

If the presidency and the newly minted National Single Window team believe that true automation begins and ends with front-end digital software portals like the new B’Odogwu Customs System, they are falling for an expensive trap.

True technological transformation cannot simply mean scanning old bureaucracies onto a computer screen. Cosmetic digitization does not eradicate systemic corruption; it merely moves the extortion from the physical Port gate onto a digital dashboard.

The structural flaw undermining our current modernization drive is the “scanned paper” reality. Clearing agents are routinely forced to upload digital documents onto unified portals, only to face the absurdity of printing out those exact same files to present them physically at various Port commands.

This duplication completely defeats the purpose of an automated gateway.
True single window success requires the total legal abolition of physical paper documentation within the Port perimeter.

We must transition from an era of “paper-on-glass” to pure, untampered digital data flows. A digital portal is utterly useless if the data it processes is still manually verified, delayed, or altered by human gatekeepers behind the scenes.

To break this cycle, the system must shift from human discretion to algorithmic risk profiling. We must enforce a machine-driven risk engine that automatically routes cargo through green, yellow, or red channels based entirely on hard data and compliance history.

Under this framework, once a container profile passes automated risk evaluation, an individual officer should not possess the arbitrary power to flag it for a manual “re-examination.”

Unauthorized human interventions on automated system routing must be treated as institutional sabotage and criminalized accordingly. Removing human delays from the logistics chain requires stripping human actors of the capacity to stall.

Furthermore, we must aggressively implement a single wallet mandate to clean up the financial architecture of our Ports. A true single window platform must consolidate all customs duties, agency fees, and terminal charges into one single electronic transaction.

This eradication of multi-layered payment checkpoints will instantly dry up the illicit cash demands that fuel the multi-billion-naira demurrage trap.

By deploying automated escrow systems, the central portal can instantly distribute revenues to the respective agency accounts—be it the Nigeria Customs Service, NPA, or NIMASA—only after automated cargo release metrics are met.

The ultimate structural shift, however, requires moving the entire national Port philosophy beyond the physical gate.

Top-tier maritime capitals like Singapore and Rotterdam do not stall their economies by interrogating cargo at the wharf; they rely on Post-Clearance Audits (PCA).

Nigeria must transition to a system where cargo is released instantly within a guaranteed 24-hour window based on automated risk profiles, while reserving heavy verification for robust, off-site corporate audits later.

Until we replace cosmetic upgrades with this level of raw process re-engineering, our software portals remain empty promises. True automation is not a software purchase; it is an uncompromising institutional discipline.

Chief Ibrahim Nasiru, a public affairs analyst, writes from Abuja

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Oyetola presents three-year score card as blue economy industry revenue hits ₦1.83trn

Funso OLOJO,  Editor

The Minister of Marine and Blue Economy, Adegboyega Oyetola, has declared that Nigeria’s maritime sector has undergone a far-reaching transformation in the three years since President Bola Ahmed Tinubu created the Federal Ministry of Marine and Blue Economy in August 2023.

Oyetola, while presenting the Ministry’s three-year scorecard, said the administration had made significant progress in unlocking the economic potential of Nigeria’s 853-kilometre coastline and extensive inland waterways, with the marine and blue economy increasingly emerging as a major driver of revenue, trade, security and employment.

According to him, the reform programme has produced measurable gains in revenue generation, port infrastructure, maritime security, regulation, indigenous shipping, human-capital development, fisheries and inland-waterway safety.

“At the heart of our mandate is a simple but powerful objective: to turn Nigeria’s vast marine resources into sustainable economic value for Nigerians,” Oyetola said.

Revenue climbs 160 per cent

The Minister identified revenue growth as one of the clearest indicators of the sector’s transformation.

Agencies under the Ministry generated ₦1.83 trillion in 2025, representing a 160 per cent increase over the ₦700.79 billion recorded in 2023.

Oyetola attributed the surge to regulatory reforms, stronger revenue assurance, digitisation and the systematic closure of financial leakages.

He said the improved revenue performance was part of a broader strategy to establish a more transparent, efficient and investment-friendly maritime economy.

Nigeria gets first blue economy policy

A major milestone of the reform programme, according to Oyetola, was the approval in May 2025 of Nigeria’s first National Policy on Marine and Blue Economy.

He said the policy provided, for the first time, a unified framework for developing shipping, fisheries, offshore energy, marine biotechnology and other emerging opportunities within the marine economy.

“This policy gives us a clear roadmap. It provides the predictability and transparency investors need while ensuring that our marine resources are developed sustainably,” he said.

The Minister said the policy would guide government intervention while providing greater certainty for private-sector investment across the marine and blue economy value chain.

Ports undergo major transformation

Port modernisation, Oyetola said, remained at the centre of the Ministry’s transformation agenda.

He said the Federal Government was implementing a comprehensive programme to upgrade major seaports, including Apapa, Tin Can Island, Onne, Rivers, Calabar and Warri.

The programme covers channel improvements, modern cargo-handling infrastructure and increased digitisation of terminal operations, aimed at improving efficiency and enabling Nigerian ports to handle larger volumes of international trade.

The reforms have also attracted international recognition.

The World Bank and S&P Global Market Intelligence ranked Tin Can Island Port 10th and Lagos Port Complex, Apapa, 12th among the world’s 20 most improved container ports between 2020 and 2025.

Oyetola said government had also made progress in tackling congestion around the Apapa port environment through the electronic truck call-up system, dedicated holding bays and expanded inland barging.

The acquisition of modern tugboats, pilot cutters and dredging equipment by the Nigerian Ports Authority, he added, had further strengthened port operations.

“We have moved from managing congestion to building a port system that can compete globally,” Oyetola said.

He said the Federal Government was also pursuing an expansion of port capacity through deep-seaport projects in Akwa Ibom, Cross River, Bayelsa, Ondo, Lagos and Rivers states.

The operationalisation of inland dry ports, including the Funtua Inland Dry Port in Katsina State, is similarly expected to take cargo-handling and clearance services closer to businesses in the hinterland and reduce pressure on coastal ports.

Regulation, lower costs for port users

The Minister said regulatory reforms had also delivered tangible benefits to businesses operating in the maritime sector.

According to him, the new Nigeria Ports Economic Regulatory Authority framework will strengthen economic regulation of the port sector, while interventions by the Ministry and its agencies have saved port users more than ₦86 billion in unjustified demurrage.

He added that nearly 300 commercial disputes had been resolved through Alternative Dispute Resolution.

Oyetola said government had introduced measures to eliminate unauthorised shipping charges and strengthen freight and foreign-exchange verification in an effort to reduce leakages and curb capital flight.

He said the objective was to create a maritime business environment where legitimate operators could compete on a level playing field while Nigerian businesses were protected from avoidable costs.

Maritime security records major gains

Improved port efficiency, Oyetola said, had been accompanied by significant gains in maritime security.

Nigeria has maintained zero piracy in its territorial waters for four consecutive years, according to the Minister, with maritime security assets deployed under the Deep Blue Project helping to secure the country’s waters.

He said the achievement had eliminated costly piracy-related surcharges on vessels calling at Nigerian ports while strengthening Nigeria’s reputation as a safer maritime corridor.

Nigeria also regained its seat on the International Maritime Organization Category C Council in November 2025, following a 14-year absence.

Through the Nigerian Maritime Administration and Safety Agency, the country also secured the lifting of the 12-year United States Coast Guard Condition of Entry restrictions affecting vessels arriving from Nigerian ports.

“These achievements demonstrate that Nigeria is not only reforming its maritime sector at home; we are reclaiming our rightful voice and influence internationally,” Oyetola said.

Indigenous shipping gets renewed attention

Oyetola said the Federal Government remained committed to increasing Nigerian participation in the shipping industry.

He disclosed that plans were at an advanced stage to revive a national shipping carrier through a public-private partnership, while the long-awaited process for disbursing the Cabotage Vessel Financing Fund (CVFF) had commenced.

The fund, he said, would enable Nigerian shipowners to acquire modern vessels and strengthen indigenous capacity.

“We cannot build a truly blue economy if Nigerians remain spectators in their own maritime industry,” he said.

Human-capital development has also received increased attention, with seafarer training and sea-time placements expanded to create more opportunities for Nigerians seeking careers at sea.

According to Oyetola, the interventions have contributed to an increase of more than 80 per cent in average seafarer earnings.

He added that the Ministry, through the Nigeria Port Economic Regulatory Agency, facilitated a ₦200,000 monthly minimum wage for maritime and shipping workers.

Blue economy expands beyond ports

Oyetola said the Ministry’s transformation agenda extends beyond shipping and ports to fisheries, inland waterways, marine safety and environmental sustainability.

He said the Ministry supported the Federal Government’s Naira-for-Crude policy by streamlining marine logistics for domestic refineries.

On inland waterways, safety interventions have included the distribution of thousands of lifejackets and plans to replace unsafe wooden boats with modern fibreglass vessels.

The fisheries sector, he said, recorded further growth, with fish production reaching 1.4 million metric tonnes in 2025.

Nigeria also achieved 100 per cent compliance with Turtle Excluder Device requirements among inspected commercial shrimp trawlers, helping to protect marine biodiversity and preserve access to international markets.

Oyetola said the interventions reflected the Ministry’s broader philosophy that economic development and environmental sustainability should reinforce rather than undermine each other.

Digitisation and new institutions

Institutional reform has also featured prominently in the Ministry’s three-year programme.

Oyetola said the Ministry had digitised its internal operations through an Enterprise Content Management System (ECMS) to improve efficiency, transparency and accountability.

He also disclosed that the Ministry helped resolve a 16-year impasse that paved the way for the operationalisation of the Regional Maritime Development Bank (RMDB) in Nigeria.

According to him, the development would improve access to financing for businesses and projects across the maritime value chain.

Foundation for the next phase

Oyetola said the achievements recorded over the past three years should be regarded as the foundation for a much larger economic opportunity.

He said the ultimate objective was to establish a maritime ecosystem in which efficient ports support trade, stronger security attracts shipping, Nigerian businesses capture a greater share of the maritime value chain, coastal and inland communities benefit from new economic opportunities, and marine resources are developed sustainably.

According to him, the combination of rising revenues, a new national policy framework, port modernisation, improved maritime security, stronger regulation, investment in human capital and renewed international engagement had placed Nigeria’s marine and blue economy on a stronger trajectory.

“The blue economy is no longer an untapped frontier. It is becoming a major engine of national prosperity, regional competitiveness and sustainable growth,” Oyetola said.

 

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NIHOTOUR promotes culinary, cultural exchange at Nigeria-China food festival

Gloria Odion, Reporter

The National Institute for Hospitality and Tourism (NIHOTOUR), in collaboration with the China Cultural Centre in Nigeria, has used the 2026 Nigeria-China Food Festival to promote culinary diplomacy, cultural exchange and stronger people-to-people relations between the two countries.

The festival, held on August 27 at the China Cultural Centre in Abuja, was themed “From Farm to Feast” and formed part of activities marking 55 years of diplomatic relations between Nigeria and China.

The event brought together more than 200 participants, including hospitality professionals, chefs, tourism stakeholders, government officials, diplomats, entrepreneurs and cultural practitioners from both countries.

A major attraction of the festival was the presentation of 14 Chinese dishes representing seven regions of China alongside 12 Nigerian dishes reflecting the country’s six geopolitical zones.

The diverse selection offered guests an opportunity to experience the distinctive ingredients, preparation techniques and culinary traditions of both countries while learning about the communities and cultures behind the food.

For NIHOTOUR, the festival also served as a platform to showcase Nigerian cuisine as an important component of the country’s tourism proposition and draw attention to the wide range of people and enterprises that make up the food and hospitality value chain.

Speaking at the event, the Director-General/Chief Executive Officer of NIHOTOUR, Aare Abisoye Fagade, reaffirmed the Institute’s commitment to developing the skills and human capacity needed to strengthen Nigeria’s hospitality and tourism industry.

Fagade said such initiatives could help create opportunities for young people, professionals and entrepreneurs while promoting Nigeria’s rich culinary heritage to domestic and international audiences.

The theme, “From Farm to Feast,” also highlighted the extensive value chain behind every meal—from farmers and food producers to processors, chefs, hospitality operators and businesses that ultimately serve consumers.

NIHOTOUR used the occasion to emphasise the tourism potential embedded in Nigeria’s diverse culinary traditions. Each of the country’s six geopolitical zones has distinctive dishes, ingredients and methods of preparation that can be developed into authentic cultural and tourism experiences.

The Chargé d’Affaires ad interim of the Embassy of the People’s Republic of China in Nigeria, Mr. Zhou Hongyou, underscored the importance of food in promoting cross-cultural understanding and strengthening people-to-people relations.

Also in attendance was the Cultural Counsellor of the Chinese Embassy and Director of the China Cultural Centre in Nigeria, Mr. Yang Jianxing.

Their participation reinforced the role of cultural diplomacy in deepening the longstanding relationship between Nigeria and China.

Beyond the food presentations, the festival featured cultural activities and opportunities for interaction between Nigerian and Chinese participants. It also opened avenues for potential collaboration in hospitality, tourism, culinary training, cultural exchange and enterprise development.

The event comes at a significant point in Nigeria-China relations, with both countries commemorating 55 years of diplomatic ties. While bilateral relations have expanded into areas such as trade, investment, infrastructure and education, cultural initiatives provide an important avenue for strengthening the relationship at the people-to-people level.

NIHOTOUR said it would continue to pursue partnerships capable of advancing Nigeria’s hospitality and tourism sector, strengthening professional capacity, supporting enterprise development and creating opportunities across the tourism value chain.

Through initiatives such as the Nigeria-China Food Festival, the Institute is positioning food and hospitality not only as avenues for economic development but also as powerful instruments of cultural diplomacy and international engagement.

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