Pinnacle Time News

Stakeholders task FG on rail connectivity As Jamoh pledges to take CIoTA to next level BY EGUONO ODJEGBA Professionals and stakeholders have again tasked government at the federal and state levels to up their response initiative in ensuring that ports in Nigeria, particularly the Lagos ports are timely connected to rail lines to free the Apapa Residential and Business District of its perennial traffic gridlock occasioned by poor transport connectivity and bad ports access roads. Leading, Director General of Nigerian Maritime Administration and Safety Agency, NIMASA, Dr. Dakuku Peterside said government will continue to take timely, positive and strategic approach to improving on the transportation initiative to grow the economy. Represented by the agency’s Executive Director, Labour and Shipping Services said, “In NIMASA we have adopted collaboration as a means to achieving our mandate because we know we cannot do it alone.”   The call was made at the investitu...

Operator backs NIMASA on CVFF Says Fund inadequate, laments poor ship financing BY EGUONO ODJEGBA   Management of the Nigerian Maritime Administration and Safety Agency, NIMASA, has allayed the fears of maritime operators, especially those in the shipping sub sector of the industry of its commitment to ensuring that players get all necessary assistance to enhance their operational capacity; including the disbursement of the Cabotage Vessel Financing Fund, CVFF. This is even others have expressed concern about the purported inability of Nigerian commercial banks to fund critical shipping assets.   Contrary to insinuation that government may have deployed the CVFF to other uses, the NIMASA Director General, Dr. Dakuku Peterside assured last week, that the matter is receiving necessary attention, hinting that the fund is not sufficient to achieve any milestone in the present circumstances. Peterside explained at the second edition of the agency’s Maritime Forecast...