The Board and Management of the custodian of Nigeria’s port, the Nigerian Ports Authority NPA are celebrating a successful year ending 2017 after realizing they have broken a five-year record in revenue generation.
Records released to the press confirmed that the parastatal’s revenue of N299.56 for the year 2017 is the highest generated by the authority in the last five years.
The General Manager, Corporate, and Strategic Communications Abdullahi Goje in a statement compare this year’s performance with those of the previous years as follows: in 2013 the Authority generated N154.50 billion this was to increase to N 159.30 Billion in 2014 and further increase to N180.50 billion in 2015.
The Authority was to experience a slump in its targeted revenue in 2016 as its revenue fell to N162.20. However, at the end of 2017, the authority bounces back with a commanding performance of N299.56 billion.
A breakdown of the N299.56 generated revenue for 2017 show that revenue from traffic accounted for N66.80 billion, harbours rakes in N134.06 billion, administrative N86.06 billion and others N10.75 billion.
The Managing Director of the NPA, Hadiza Bala Usman in the light of the sterling performance of the management and staff of the authority commended them for showing dynamism in the generation of revenue especially in adopting new techniques and measures to seal loopholes previously exploited by economic saboteurs to avoid paying for services.
She assured them of the authority commitment to their welfare while calling on them to redouble their effort towards doubling the total revenue expected to be generated this year 2018.
The Managing Director also assured potential investors of a conducive environment prevailing in the ports to transact businesses. She disclosed that various ways of synergizing with potential investors either through partnerships, collaboration and contracting are being explored by the authority towards achieving a huge economic potential available for all.