The Nigerian Ports Authority (NPA) and the Nigeria Customs Service (NCS) have generated a whopping N770 billion from the nation’s maritime industry in seven months. While the Customs Service generated N652 billion, the NPA generated N118 billion in the months under review.
LEADERSHIP findings showed that while NPA’s revenue was generated from traffic, harbours, administrative and other sources, the NCS generated its revenue from Value Added Taxes (VAT), Import Duty and taxes.
According to statistics exclusively cited by LEADERSHIP, the revenue collected by the NCS from January to July 2018, was N652 billion. A breakdown of the revenue collection shows that the agency generated N96.6 billion in January, N79.26 billion in February, N87.58 billion in March and N94.3 billion in April. The Service also generated N100.5 billion in May, N98.4 billion in June, N94.9 billion in July.
The revenue generated from January to July 2018 by the customs service was higher than what was generated in the seven months of 2017. However, the Nigerian Ports Authority (NPA), generated N118 billion from January to July 2018 as against N113 billion generated in 2017.
According to the managing director of NPA, Hadiza Bala-Usman, the NPA will aggressively pursue its debt so as to shore up the revenue before year end. “From January to July 2018, N118 billion was generated. This is more than N113 billion it generated in 2017. We are hopeful that we will aggressively pursue more of our debt and revenue so that we can shore up revenue as much as we can,” she explained
LEADERSHIP recalls that the authority in 2017, generated N299.56 billion which stands as its highest revenue in five years. The last time the agency yielded a remarkable income was in 2015 when it recorded a revenue of N180.50 billion. It generated N154.50 billion in 2013, N159.30 billion in 2014 and N162.20 billion in 2016.
“The 2017 figure declared by the authority is made up of revenues from traffic, harbours, administrative and others sources in the sum of N136.04 billion, N66.80 billion, N86.06 billion and N10.75 billion respectively,” the statement read. In December, Hadiza Bala-Usman, managing director of the agency, hinted that NPA surpassed its 2017 revenue target.
She said: “Over N118 billion was raked in the first quarter of the year (2017). We are grateful that we have attained most of the goals we set for ourselves,” she said. We have maintained an open door policy which has made it possible to achieve the very important task of repositioning port operations in Nigeria for better efficiency.”
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