The Managing Director of the Nigerian Ports Authority (NPA), Dr. Abubakar Dantsoho announced on Wednesday that the agency generated N758. 26billion in revenue between January and November 2024.
Dantsoho who disclosed this on while presenting the agency’s 2024 revenue performance before the National Assembly Joint Committee on Finance also projected N997billion for 2025.
However, the Joint Committee on Finance, chaired by Senator Sani Musa and Hon. James Faleke, increased NPA’s 2025 revenue projection to N1.75 trillion.
The adjustment, the committee explained, was based on the maximization of NPA’s 56 revenue streams.
The session underscored the growing scrutiny of Nigeria’s key revenue-generating agencies as the government seeks to maximize income amidst economic challenges.
More to read
Clearing agents decry NPA license approval delays, warn of port disruptions
MSC signs 45-year concession with Nigerdock to develop Snake Island container terminal
CNS tasks commanders to leverage intelligence, tech to boost naval operations