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NPA Generates N299.56bn Revenue In 2017

NPA Generates N299.56bn Revenue In 2017

Hadiza Bala, MD, NPA

The Management of Nigerian Ports Authority has announced the sum of N299.56bn as generated revenue for 2017 fiscal year.

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

In 2013, the NPA generated the sum of N154.50bn. This increased to N159.30bn and N180.50bn in 2014 and 2015 respectively, but the Authority’s revenue dropped to N162.20bn in 2016.

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

This information was disclosed in a press release signed by the General Manager, Corporate and Strategic Communications, Mr. Abdullahi Goje, on Tuesday this week.

 

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