NPA generates N299.56bn revenue in 2017

Published by

The Nigerian Ports Authority (NPA) has disclosed that it generated the sum of N299.56bn as revenue for the year 2017.

According to a statement signed on Tuesday by the agency’s General Manager, Corporate and Strategic Communications, Abdullahi Goje, “the 2017 revenues exceeded the 2016 figure of N162.20bn by 84.65 percent and are the highest generated by the Authority in the past five years.

ALSO READ: Nigeria’s oil revenue decline, capped oil output: Who is losing?

“In 2013, the NPA generated the sum of N154.50bn. This increased to N159.30bn and N180.50bn in 2014 and 2015 respectively. The Authority’s revenue, however, dropped to N162.20bn in 2016.

The 2017 figure declared by the Authority is made up of revenues from traffic, harbours, administrative and other sources in the sum of N136.04bn, N66.80bn, N86.06bn and N10.75bn respectively.”

Recent Posts

Reps to resume debate on rotational Presidency bill, Wednesday

" it has become necessary to alter the Constitution to provide for a rotational presidency…

3 minutes ago

UBEC develops new template for disbursement of UBE funds

According to the Commission, the new template being subjected to further scrutiny and validation at…

8 minutes ago

FCT: Completion of bus terminals will curb crime — Wike

“You don't need to stay on the road to board a bus or taxi, you…

13 minutes ago

Shiroro Hydroelectric Power plant progresses with N1bn CSR spend in host communities

"We have constructed 47 boreholes, providing clean water access to 40 communities of over 15,000…

24 minutes ago

Lagos attracts over N1trn investments in one year — Commissioner

"Through this partnership, Lagos State has further positioned itself as a leading gateway for Commonwealth…

25 minutes ago

Bauchi govt engages stakeholders on fire disaster management

Stakeholders in the fire management sector in Bauchi State have been engaged in discussions on…

39 minutes ago

Welcome

Install

This website uses cookies.