Financial Ports

Nigeria’s Fleet Surge: Dangote Orders Ships as State Fund Unlocks $100m

CLAVE 1 / 492 applications received for Nigeria’s Cabotage Vessel Financing Fund (CVFF) since early 2026.

CLAVE 2 / 412 banks now approved to disburse CVFF loans, up from five.

CLAVE 3 / 4Dangote Group plans to order tankers and dry bulk ships to support its 1.4m bpd refinery expansion.

CLAVE 4 / 4First vessel deliveries expected by 2029, with China’s shipyards leading negotiations.

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