NPA Transfers N490billion to FG Funds.

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According to the Nigerian Ports Authority, between 2011 and 2022, it transferred N490. 229 billion to the federal government’s consolidated revenue fund. Mohammed Bello-Koko, the managing director of NPA, stated that NPA remitted N92. 967 billion in 2022 alone while speaking to media at the agency’s headquarters in Marina, Lagos, over the weekend.

He stated that the closing balance of the audited reconciled from the 2019 to 2022 financial years was N28. 3 billion, which was deposited as part of the 2022 remittance.

He said that the nation saw 1,992 ships stop at the seaports of Apapa, TinCan Island, Rivers, Onne, Calabar, and Delta ports in the first half of 2022, with a total gross registered tonnage of 60, 235, 133 during the time under consideration.

In terms of cargo throughput, 38, 672, 392 cargoes entered the country through the Apapa, TinCan Island, Rivers, Onne, Calabar, and Delta ports in the first half of 2022; compared to 79, 915, 877 in 2021 during the same period, a figure that demonstrates a 106% decrease in cargo throughput during that time.”

However, according to the NPA chief, the organization plans to increase overall throughput by 5% yearly, from 80. 2 million metric tons in 2019 to 100 million metric tons, excluding crude oil, by 2025. “To promote inter-port competition, we also plan to give the ports more autonomy.

Punch.

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