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NPA Remittances To Federation Account Rises To N91bn

The Nigerian Ports Authority (NPA), on Thursday, said remittances of the authority have risen from N80 billion in 2020 to N91 billion in 2022.Information Guide Nigeria

According to LEADERSHIP, the increase in remittance is coming amidst low importation into the country and dwindling revenue generation by some agencies of government.


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In 2022, authority’s revenue also rises from N317 billion in 2020 to N361billion, thereby, supporting the federal government in providing social amenities I’m the country.

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A document sighted by LEADERSHIP reads; “the NPA supported the national economy through unprecedented revenue generation and remittances to CRF of the federation with revenues steadily growing from N317 billion in 2020 to N361billion in 2022 and remittances progressively soaring from N80 billion in 2020 to N91Billion by financial year end 2022.NYSC Portal

“The NPA created new businesses and attendant job opportunities such as the barge operations services which apart from reducing pressure on the roads has grown into a N2 billion annual generation business both from direct investment and accompanying externalities. Licensing of additional truck parks to increase capacity of truck parks servicing the Lagos Ports.”

According to LEADERSHIP, the document pointed out, “Licensing of 10 Export Processing Terminals to facilitate exports at Nigerian Sea Ports is to provide a one-stop shop for export where quality control, cargo assessment by all government agencies and issuance of good-to-ship clearance will be obtained. This has led to a significant reduction in truck turn-around time due to successful implementation of the E-Call Up System,”

LEADERSHIP further gathered that it also showed that the NPA has ensured 65 percent reduction in numbers of truck accidents in the country through the introduction of minimum safety standard on trucks.

“Enforcement of Minimum Safety Standards on trucks which stipulates that all trucks accessing the Ports are inspected, certified and issued stickers to assure safety, 65% reduction in number of accidents recorded, arising from improved standards of trucks operating within the Port premises, “the document reads.

According to LEADERSHIP, it stressed that award of consultancy for the deployment of Vessel Traffic Service (VTS); a maritime safety measure that equips with Domain Awareness Capability to enable us guide and provide safety information to vessels within our channels and ports approaches in line with the Safety of Life at Sea (SOLAS) conventions.JAMB Result

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Idongesit Akpa-Ayang

Idongesit is a graduate of Communication Arts, University of Uyo. Currently working as a news reporter at InfoGuide Nigeria.

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