NPA generates ₦191.4bn, remits ₦55.7bn in 6 months

<h2></h2>, <p>MD of NPA noted that the authority would collaborate with neighbouring countries such as Niger and Chad for transshipment of their cargoes.</p>, <span>NPA generates ₦191.4bn, remits ₦55.7bn in 6 months</span>, <h2>The Nigerian Ports Authority (NPA) has generated ₦191.4 billion revenue in the first half of 2023 and remitted ₦55.7 billion to the Consolidated Revenue Fund (CRF).</h2>, <p>The NPA, Managing Director, Mr Mohammed Bello-Koko, stated this in half year report on Tuesday, July 18, 2023 in Lagos.</p>, <p>Bello-Koko said that given the existential economic headwinds both at the micro and macro levels, the operational statistics for the first six months were reassuring. He said that the data catalysed the commendable remittances to the CRF of the Federal Government.</p>, <p>“Within the context of current global economic upheavals which have affected trade volumes in all climes, our current growth trajectory is encouraging.</p>, <p>“This gives us confidence to project a revenue growth of over N500 billion with concomitant increase in remittance to the CRF by end-of-year 2023, given that shipping activities peak around the second half of the year.</p>, <p>“The smart policy thrust of the new administration which is already throwing up new vistas of growth further lends credence to the feasibility of our projections and gives fillip to our organisational initiatives,” he said.</p>, <p>Bello-Koko said the operationalisation of Lekki Deep Seaport, expected restoration of the service boat management contract, digitalisation and intensified tightening of collections mechanisms buoys their confidence to exceed the revenue projections.</p>, <p>“The authority has completed operations on a total number of 1851 vessels for the 1st half of 2023 with a combined Gross Registered Tonnage (GRT) of 57,870,083.</p>, <p>“Cargo throughput for the period under review stood at 33,895,784 metric tonnes, whilst container traffic was 707,985 TEUs (Twenty-foot Equivalent Units).</p>, <p>“A key indicator of port efficiency