.NPA’s 2017 generated revenue exceeds 2016 figure of N162.20bn by 84.65%
|TRADE NEWSWIRE| Management of Nigerian Ports Authority under the able and resourceful leadership of a Socio-Economic Reformer and Managing Director of the Authority, Hadiza Bala Usman, has declared the sum of N299.56bn as revenue generated for 2017 fiscal year, TRADE NEWSWIRE reports.
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.
A statement obtained by TRADE NEWSWIRE by the General Manager, Corporate and Strategic Communications of NPA, Alhaji Abdullahi Goje, in 2013, the NPA generated the sum of N154.50bn. This increased to N159.30bn and N180.50bn 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.
Recall that NPA MD has initiated series of reforms since assumption of office that culminated into outstanding performance of the Agency across board with its positive resultant effect on whooping sum N299.56bn revenue generated for 2017.
Some of the strategies adopted by Hadiza Bala Usman-led NPA in 2017 improve the performances and revenue of the Authority was the introduction of Revenue and Invoice Management System (RIMS) to block revenue leakages and improve customer service aimed at enhancing port operations and boosting the Nigerian economy; commencement of 24-hour port operations born out of Executive order issued by the Federal Government, retrieval of NPA’s long-lost revenue through some exploitative corporate contractual agreement to mention a few,