Newsexpress banner Camano banner
Ship owners call for establishment of Maritime Bank

By News Express on 30/12/2015

Views: 2,096


The Nigeria Ship Owners Association (NISA) has called for the establishment of a Maritime Bank to help develop the shipping business in the country.

The President of the association, Capt. Niyi Labinjo, made the call in an interview with the News Agency of Nigeria (NAN) in Lagos on Tuesday.

He said that the call became necessary because commercial banks did not have an understanding of maritime issues.

He said that the Federal Government could set up the specialised bank and use the Cargo Vessel Financing Fund (CVFF) as seed money.

“Let us establish a maritime bank. We cannot work with commercial banks.

“Shipping is never done like that. If you want to do Cabotage, you must use maritime bank for Cabotage.

“The reason is, the moment you hike the cost of accessing funds, it will become difficult.

“You have Bank of Industry for manufacturers; Bank of Agriculture for farmers. You even have Bank of Infrastructure.

“You have mortgage bank for housing. What does it cost to have maritime bank.

“Use the CVFF (Cargo Vessel Financing Fund) collection; use it as the seed money.

“In that wise, we shall be dealing with a bank that will be using maritime template.

“The commercial banks will never understand why a ship cannot disappear from the surface of the water.

“So we need a maritime bank that has an understanding of maritime issues.”

The mariner said it was unfortunate that shippers were not benefiting from the cargo vessel financing fund as well as the maintenance fund.

He, therefore, urged the government to create an atmosphere that would enable indigenous ship owners to benefit from the funds. (NAN)

•Photo shows NISA President, Capt. Niyi Labinjo.

Source News Express

Posted 30/12/2015 04:51:07 AM

 

 

CLASSIFIED ADS

 

You may also like...
JAMB plans for candidates to do future UTME...

APC’s juicy carrots won’t stop our defection ―...

FRSC boss congratulates new GOCOP executives

Yaya Toure becomes Airtel Africa’s new brand ambassador...

$8.1bn row: MTN in discussion with Nigerian officials...

FG pledges to promote establishment of digital classrooms...

Military sets up camp for repentant Boko Haram...

Shareholders laud Transcorp Hotels for impressive performance, approve...

Travel ban: FG submits names of 39 alleged...

Good Governance group tasks Northern leaders on Nigeria’s...

Hayatou takes over as FIFA Acting President, outlines...

Fire guts N183m TETFund school project

 

Latest News Jihadists kill Nigerian soldier, injure others Governors kick against LGs’ financial autonomy, write Buhari Ortom sanctions traditional ruler over threats to Cameroonian refugees Online Publishers faults attack on Delta Information Commissioner using the Forum’s programme “Frontline” Kidnappers kill Igbinedion University lecturer Students desert hostels in Imo over alleged police crackdown, extortion CAN Presidency: TEKAN leader joins race, says he is God’s choice •Set to slug it out with Ayokunle May 29: Ex-presidential aspirants, others threaten to boycott Buhari’s inauguration Boko Haram attacks Borno community, carts away food, provisions Nigerian doctor wins “Brain Tumor Research” award in U.S FG disburses N12.7bn to 3 health agencies Gov. Ajimobi restores 100 per cent state’s tertiary institutions’ subventions

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (480,288 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (419,491 views) Shameless Genevieve Nnaji exposes breasts in public (357,976 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (306,069 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (270,373 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (241,334 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (229,251 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (210,975 views) 10 cars more expensive than Jets (202,328 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (200,244 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (181,313 views) Lagos plane crash: Journalist releases victims’ names (181,261 views)

 

UBA Wise Savers Promo

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (91) Business & Economy (4,268) Business Verdict (71) Columnists (1,031) Complaints & Requests (95) Enterprise & Opportunities (208) Entertainment (613) Features (752) Global Business Monitor (362) ICT Monitor (43) International (3,462) Interview (179) Live Commentary (29) Love Matters (161) Maggie's Blog (268) News (46,321) Opinion (1,242) Pidgin (17) Politics (10,798) Religion (1,003) Sports (2,007) Stock Watch (39) AMA & Al Jazeera Global Update

 

 

 

 

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera