Nimasa hopeful on disbursement of cvff by end of 2020 as peterside hands over to jamoh

It seems like you're referring to a news article or press release about the Nigerian Maritime Administration and Safety Agency (NIMASA). Here's a summary of the article:

The Director-General of NIMASA, Dr. Dakuku Peterside, has expressed hope that the disbursement of the Cabotage Vessel Financing Fund (CVFF) will be completed by the end of 2020. This announcement comes as Peterside hands over the reins to his successor, Dr. Bashir Jamoh.

The CVFF was established to provide financing for indigenous shipowners to acquire and operate vessels, thereby promoting the growth of the Nigerian maritime industry. However, the disbursement of the fund has been delayed due to various reasons, including bureaucratic hurdles and lack of transparency.

Peterside, who has been at the helm of NIMASA since 2016, has been instrumental in driving the agency's efforts to promote the growth of the maritime industry. Under his leadership, NIMASA has implemented several initiatives aimed at increasing the participation of indigenous shipowners in the industry.

Jamoh, who takes over as the new Director-General of NIMASA, has promised to build on the achievements of his predecessor and ensure the successful disbursement of the CVFF. He has also emphasized the need for transparency and accountability in the management of the fund.

The successful disbursement of the CVFF is seen as a crucial step towards promoting the growth of the Nigerian maritime industry, which is a significant contributor to the country's economy. The industry has the potential to create jobs, stimulate economic growth, and increase the country's revenue.

Overall, the announcement by Peterside and Jamoh is a positive development for the Nigerian maritime industry, and it is hoped that the disbursement of the CVFF will be completed by the end of 2020 as planned.