NPA revenue hit N361bn in one year

The revenue generation profile of the Nigerian Ports Authority (NPA) has risen from N317 billion in 2020 to N361 billion in 2022.

This is even as it’s remittances to the Consolidated Revenue Account (CRA) of the federal government has also increased from N80 billion to N91 billion in the last one year.

Checks by Daily Trust revealed that  NPA revenues steadily grew from N317 bn in 2020 to N361bn in 2022, while the remittances progressively rose from 80 bn in 2020 to 91bn by the financial year ended 2022.

This progression was disclosed at a maritime stakeholders engagement held in Lagos recently.

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The engagement which was put together by the Maritime Stakeholders forum also applauded the efforts of the Managing Director of the Nigerian Ports Authority (NPA), Mohammed Bello-Koko for the massive improvement in the ease of doing business at the nation’s seaports.

Mrs Josephine Moltok, General Manager (GM), Corporate and Strategic Communications (C&SC) for the Authority, linked the rise in the Authority’s annual revenue profile to the improvement in traffic in the port access road, which they said virtually rendered activity at the Lagos ports comatose before Bello-Koko’s reforms.