NPA Contributed N151bn to FG in Four Years

05 Mar NPA Contributed N151bn to FG in Four Years

The Managing Director of the Nigerian Ports Authority (NPA), Hadiza Bala-Usman, has said the agency has contributed N151 billion to the Consolidated Revenue Account in four years.

She spoke this in an interaction with editors of newspapers in the country.

According to her, “Our cargo for 2019 was 80 million metric tons in the whole country. In 2020 we recorded 78 million metric tons, so we can see the difference in how much we were able to attract into the country within that period and the differential.

“For container traffic, 1.84 million TEUs in 2019 and 1.86 million in 2020, called vessels was 4,251 in 2019 and 3,972 in 2020, while gross registered for the vessels were 29.4 million in 2019 and 24.6 million in 2020.

“There is a marginal drop because of the pandemic and we even thought it would be less but it is not materially different.”

The Tin Can Island and Port, she said, had the highest number of called vessels –1,197 vessels while Apapa port recorded 986 vessels within that period.

The NPA, Bala-Usman added, recorded total revenue of N305.3 billion in 2019 and N360 billion last year.

“This contribution to CRF is in line with the fiscal responsibility act which requires for government agencies to make remittance surplus to the government coffers.