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Nigeria has ship finance. Where are the vessels?

View of the San Antonio Maersk Container Ship in the Port. Photo by Wolfgang Weiser @Pexels
View of the San Antonio Maersk Container Ship in the Port. Photo by Wolfgang Weiser @Pexels

Vincent Nwanma

Vincent Nwanma is a seasoned analyst, columnist, and reporter with over 30 years of experience in business and economics journalism across Nigeria and Africa.
  • Nigeria has received 92 applications for long-delayed ship financing.
  • Success depends on turning cheap credit into commercially viable vessels.

 

ABUJA, NIGERIA – Nigeria is edging closer to releasing a ship-financing fund created more than two decades ago to strengthen its struggling indigenous maritime industry.

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