By Godwin Oritse
Revenue collected by the Nigerian Ports Authority rose by 85 percent to N229.5billion in 2017 from N162.5billion in 2016.
Managing Director of NPA, Ms. Hadiza Bala Usman disclosed this to Vanguard, adding that the agency collected more than N118 billion in the first quarter of last year.
She said the agency had surpassed its revenue target as at the month of October last year, adding that it was poised to surpass its revenue target for 2018, going by its financial projection projections.
Although, Usman was silent on its 2018 revenue target, she however said that with the caliber of current workforce, it will definitely do well in terms of revenue generation and collection.
In a statement signed by the agency’s General Manager, Strategic Communication, Mr. Abdullahi Goje, Usman explained that the 2017 revenue collection was the highest generated by the Authority in the past five years.
A breakdown of the figure showed that in 2013, the NPA generated N154.50 billion as against N159.30 billion in 2014, and N180.50 billion 2015 respectively.
There was however a drop in the Authority’s revenue collected in 2016.
A further breakdown also showed that the 2017 figure declared by the Authority is made up of revenues from “cargo traffic, harbor services, administrative charges and others fees, which amounted to N136.04 billion, N66.80 billion, N86.06 billion and N10.75 billion respectively.