NPA goes bullish, generates N299.5 bn revenue in 2017, highest in five years

NPA goes bullish, generates N299.5 bn revenue in 2017, highest in five years

Evidence of the regime of reforms instituted by the Hadiza Usman –led management of the Nigerian Ports Authority (NPA) has begun to emerge as the nation’s ports authority has generated N299.5 billion revenue in 2017,  according to its General Manager, Corporate and Strategic Communications, Alhaji Abdullahi Goje,  in a statement Tuesday in Lagos.

He said that the figure exceeded the N162.2 billion generated in 2016 by 84.65 percent.

Goje added that the 2017 figure was the highest generated revenue by the Authority in the past five years.

“In 2013, the NPA generated the sum of N154.50 billion. This increased to N159.30 billion and N180.50 billion in 2014 and 2015 respectively.

“The Authority’s revenue however dropped to N162.20 billion in 2016.

“The 2017 figure declared by the Authority is made up of revenues from traffic, harbors, administrative and other sources of the sum of N136.04 billion, N66.80 billion, N86.06 billion and N10.75 billion respectively, ” he said.