NPA generates over N191 billion Revenue in First Half of 2023
Written by Joey Shekwonuzhibo on July 18, 2023
The Nigerian Ports Authority, NPA, has generated a total revenue of N191.4 billion from its operations in the first half of 2023.
On the other hand, the NPA, in the same period, remitted N55.712 billion to the Consolidated Revenue Fund, CRF, of the Federation.
These disclosures were contained in a half-year 2023 performance reports released by the NPA Managing Director and Chief Executive Officer, Mohammed Koko.
Shedding light on the report, Mr. Koko says given the existential economic headwinds both at the micro and macro levels, the operational statistics for the first six months were reassuring.
Koko adds that, the operationalisation of Lekki Deep Seaport, expected restoration of the service boat management contract, digitalisation and intensified tightening of collections mechanisms gives confidence at meeting and indeed exceeding the revenue projections.
