The Nigerian Ports Authority (NPA) has generated a total revenue of N172.286 billion from its operations in the first half of 2022. The Authority in the same period, remitted N78.497 billion to the Consolidated Revenue Fund (CRF) of the federation.
A breakdown of the figure indicates that N50,255,925,779.20 (fifty billion, two hundred and fifty-five million, nine hundred and twenty-five thousand, seven hundred and seventy-nine Naira, twenty kobo) represented cash remittances, the compulsory deduction of 25 per cent of revenue generated and other sundry payments for the absolute period of January-June 2022
The NPA boss explained that the remittances were expressions of the operational performance of the ports. According to him: “In the first half of 2022, a total of 1,992 ships calls were recorded and the aggregate of the Gross Registered tonnage (GRT) of vessels was 60,235,133 tons.
“The Authority achieved total cargo throughput of 38,672,392 metric tonnes and 849,175 teus (twenty-foot equivalent units) of container traffic. Vehicle traffic handled, during the period under review, was 132,543 units.
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News Archive from before July 2018