NPA Declares N300bn Revenue for 2017

Nigerian ports authorityNigerian ports authority
  • NPA Declares N300bn Revenue for 2017

The Nigerian Ports Authority on Tuesday declared a total revenue of N299.56bn for the 2017 fiscal year.

The 2017 revenue exceeded the previous year’s N162.20bn by 84.65 per cent and was the highest generated by the agency in the past five years, according to a statement by the General Manager, Corporate and Strategic Communications, NPA, Mr. Abdullahi Goje.

The statement gave a breakdown of the revenue generation in the past five years, with the NPA making the sum of N154.50bn in 2013. This increased to N159.30bn and N180.50bn in 2014 and 2015, respectively. The agency’s revenue, however, dropped to N162.20bn in 2016.

It noted that the 2017 figure was made up of revenues from traffic, harbours, administrative and other sources in the sums of N136.04bn, N66.80bn, N86.06bn and N10.75bn, respectively.

Earlier, Usman had expressed concerns about the condition of the port access roads and its impact on revenue generation for government, adding that more revenue would have been generated if the roads were not so bad.

About the Author

Samed Olukoya
CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and, with over a decade long experience in the global financial market. Contact Samed on Twitter: @sameolukoya; Email: [email protected]

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