The Nigerian Ports Authority has been speaking on its feat achieved in the past year under the Mohammed Bello-Koko lead administration.
The Managing Director of NPA, Mohammed Bello-Koko, in a statement on Thursday, attributed the revenue growth to the implementation of performance improvement measures.
Contained in the statement, the agency revenue grew about N140bn to N501bn from N361bn in 2023 in the period under review.
Stated further, in the release,
succeeded in leapfrogging Nigeria’s foremost trade facilitation platform to surpass its sterling performance in 2022.
The implementation of performance improvement measures resulted in unprecedented revenue generation and remittances to the Consolidated Revenue Fund of the Federation, with revenues steadily growing from N361bn in 2022 to N501bn as of December 2023, it added.
NPA disclosed that remittances rose from N93.4bn in 2022 to N131.2bn in 2023, adding that taxes paid to the government of the federation, grew at various times in the period under review, “totalling the sum of $77.7m and N17.6bn respectively”.
(C) ControlTV 2024.
