Nigerian Ports Authority Records Impressive Revenue in First Half of 2023

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The Nigerian Ports Authority (NPA) has announced a total revenue of N191,430,093,501.00 generated from its operations in the first half of 2023. During the same period, NPA remitted N55,712,565,027.46 to the Consolidated Revenue Fund (CRF) of the Federation.

NPA’s Managing Director and Chief Executive Officer, Mohammed Bello Koko, stated that despite existing economic challenges at both micro and macro levels, the operational statistics for the first six months were reassuring, leading to commendable remittances to the CRF of the Federal Government.

Given the current global economic upheavals affecting trade volumes, Bello Koko expressed confidence in projecting a revenue growth of over 500 billion by the end of 2023, with shipping activities expected to peak in the second half of the year.

NPA’s growth trajectory is further supported by the new administration’s smart policy thrust, including the operationalization of Lekki Deep Seaport, digitalization, and improved collection mechanisms.

Opinion: The Nigerian Ports Authority’s impressive revenue performance in the first half of 2023 reflects its resilience in navigating economic challenges and implementing effective strategies. The efforts made in digitalization, port rehabilitation, and collaborations with neighboring countries demonstrate a commitment to service excellence and economic growth. With the continued focus on efficiency and revenue enhancement, NPA is poised to play a crucial role in supporting Nigeria’s national economy and further solidify its position as a vital player in the region’s maritime industry.

Parrotnews.

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