The Nigerian Ports Authority (NPA), has remitted over N400 billion in revenue into the Federation Account between 2017 and August, this year.
The figure, contained in a document sighted by The Nation, showed that the Authority remitted N55.354,147,072.82 in 2017.
Furthermore, between 2018 and 2019, the NPA remitted N40.606.182.816.54 and N69,487,342.880.31.
In 2020, NPA remitted N72.082.917,690.92, while N67,442.874,355.03 was paid into the Federation Account by the NPA in 2021 and between January and August 2022 also remitted N92.967,047.235.74.
Cummulatively, these figures amount to over N400 billion remitted by the NPA within the period under review.
Addressing the Minister Minister of Transportation, Mua’zu Sambo, at the weekend, NPA’s Managing Director, Bello Koko, said the Authority’s half-year operational statistics were encouraging in the face of global economic and inflation crises, among others, negative factors, adding that they bolstered impressive remittances to the Consolidated Revenue Fund (CRF) of the Federal Government.
He said: “Global economic and inflation crises, global reduction in household income and purchasing power and scarcity of foreign exchange all of which has negatively affected business environment, affected government revenue and constrained expenditure.
“The development in the port industry cannot be severed from the macro-economic environment with galloping inflation that has grossly reduced the disposable income of the households, the depreciating exchange rates that stifle business environment and the dwindling government revenue that constrains expenditure.
“In the face of these harsh macro-economic indices, the NPA has forged on to deliver port and harbour services to the teeming operators in the export and import businesses across the country.”
“The Authority remains committed to providing improved services to increase efficiency at the ports that impact on higher revenue generation and economic growth of the nation.”