WISTA Nigeria Applauds CVFF Application Portal

BY FUNMI ALUKO

The Women’s International Shipping and Trading Association (WISTA) Nigeria has extended warm felicitations to the Federal Ministry of Marine and Blue Economy and the Nigerian Maritime Administration and Safety Agency (NIMASA) following the commissioning and official launch of the Cabotage Vessel Financing Fund (CVFF) Application Portal.

In a statement signed by Dr. Odunayo Ani, President of WISTA Nigeria, the association described the development as a landmark achievement that signals a new era of transparency, accessibility, and stakeholder confidence in the maritime sector.

Dr. Ani commended Honourable Minister Adegboyega Oyetola, CON, and NIMASA’s Director-General, Dr. Dayo Mobereola, for their strategic vision and commitment to modernising processes within the industry. She noted that the portal represents a forward-looking initiative designed to enhance efficiency, inclusiveness, and sustainable growth across Nigeria’s marine and blue economy landscape.

“The commissioning of this portal is a testament to deliberate efforts to deepen stakeholder engagement and unlock new opportunities for operators and investors alike,” Dr. Ani stated.

WISTA Nigeria reaffirmed its support for initiatives that promote equity, professionalism, and innovation, emphasizing the role of women in advancing a resilient and competitive maritime ecosystem. The association pledged continued collaboration with the Ministry, NIMASA, and other sector partners to strengthen the industry’s global standing.

The CVFF Application Portal is expected to streamline access to financing for vessel operators, addressing longstanding challenges in the cabotage regime and boosting investor confidence in Nigeria’s maritime sector.