NPA declares N300 bn revenue generation for 2017

Managing Director of NPA, Hadiza Bala Usman

The Nigerian Ports Authority (NPA) on Tuesday declared a revenue generation of N299.56bn for 2017 fiscal year.

The 2017 revenues exceeded the 2016 figure of N162.20bn by 84.65 percent and are the highest generated by the Authority in the past five years.

This was made known in a statement issued by the General Manager, Corporate and Strategic Communications, Mr. Abdullahi Goje.

The statement gave a breakdown of revenue generations in the past five years beginning from 2013.

According to the authority, “in 2013, NPA generated the sum of N154.50 bn. This increased to N159.30 bn and N180.50 bn in 2014 and 2015 respectively. The Authority’s revenue however dropped to N162.20bn in 2016.”

“The 2017 figure declared by the Authority is made up of revenues from “traffic,”` “harbours,” “administrative” and “others” sources in the sum of N136.04bn, N66.80bn, N86.06bn and N10.75bn respectively.”