The Nigerian Ports Authority has stated that its annual income grew to N501bn in 2023 from N361bn within the prior yr.
The Managing Director of NPA, Mohammed Bello-Koko, in a press release on Thursday, attributed the income progress to the implementation of efficiency enchancment measures.
Recall that the income profile of NPA rose from N317bn in 2020 to N361bn in 2022, regardless of its remittances to the Consolidated Income Account growing from N80bn to N91bn within the final one yr.
It famous that it had “succeeded in leapfrogging Nigeria’s foremost commerce facilitation platform to surpass its sterling efficiency” in 2022.
“The implementation of efficiency enchancment measures resulted in unprecedented income technology and remittances to the Consolidated Income Fund of the Federation, with revenues steadily rising from N361bn in 2022 to N501bn as of December 2023,” it added.
NPA disclosed that remittances rose from N93.4bn in 2022 to N131.2bn in 2023, including that taxes paid to the federal government of the federation, grew at numerous instances within the interval beneath assessment, “totalling the sum of $77.7m and N17.6bn respectively”.
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