NPA remits N89.9b to govt
Despite the impact of Covid-19 pandemic on global trade and supply chain logistics, the Nigerian Ports Authority (NPA) said it raised Internally Generated Revenue (IGR) between January and September by 120 percent and also reducing its operational expenses by 20 percent.
NPA’s Acting Managing Director Mohammed Bello-Koko said this when he appeared before the Ports and Harbour Committee of the House of Representatives in Abuja. According to him, as at the end of September, the agency had earned N256.28 billion in IGR, surpassing the N214.65 billion earlier set for the same period. This amount represents a performance of 120 percent or 95 percent of its total annual budget for 2021 which stood at N271.70 billion.
“For operating expenses, as at the end of September, actual spending stood at N55.10b as against the budgeted figure of N65.49 billion. This indicates a “savings” of N10.39 billion of the approved budget of N87.32 billion”, Bello-Koko said.
This feat has made stakeholders to commend the leadership of Bello-Koko, calling for his confirmation as substantive managing director.
An importer and industry watcher, Bolutife Egbewole said while he didn’t expect the Acting Managing Director to deliver so much, within so short a time, the feat, nonetheless, shows that Bello-Koko knows his ‘onion’.
A chieftain of the National Association of Road Transport Owners (NARTO), Abdulhai Inua Mohammed, said the figure was impressive.
Mohammed urged the Bello-Koko-led management to look at the issue of government’s political will and cautioned against infrastructural decay.
Former National President, National Association of Government Approved Freight Forwarders (NAGAFF), Chief Eugene Nweke acknowledged that it could no longer be in doubt that Bello-Koko has the ability to prudently manage the agency to generate enhanced IGR.