The management of Nigerian Ports Authority (NPA) has declared the sum of N299.56 billion as revenue generated in the 2017 fiscal year.
Information released by the authority yesterday showed that the 2017 revenues exceeded the 2016 figure of N162.20 billion by 84.65 per cent, the highest generated by the NPA in the past five years.
The NPA had in 2013 generated the sum of N154.50 billion. This increased to N159.30 billion and N180.50 billion in 2014 and 2015 respectively. The authorityâ€™s revenue however dropped to N162.20 billion in 2016.
The NPA in a statement said the 2017 figure is made up of revenues from â€œtraffic,â€ â€œharbours,â€ â€œadministrativeâ€ and â€œothersâ€ sources in the sum of N136.04 billion, N66.80 billion, N86.06 billion and N10.75 billion respectively.
The Managing Director of the NPA Hadiza Bala Usman, in the statement assured relevant stakeholders in the maritime sub sector and beyond of the determination of the management of the NPA at providing an enabling environment for investors to do business within the Ports across the country in order to tap the huge economic potentials available in the sector for the growth of the economy.
According to her, renewed efforts are being encouraged by way of partnership, collaboration and improved synergy amongst key players in the industry towards ensuring that the management thrusts are realised within the nearest possible time.