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HomeBusinessNigerian Ports Authority generates N291 bln in 8-month, to surpass 2019 revenue

Nigerian Ports Authority generates N291 bln in 8-month, to surpass 2019 revenue

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The Nigerian Ports Authority (NPA) chief executive officer, Hadiza Bala-Usman has revealed that the authority generated N291 billion revenue between January to October 2020, just as she said NPA has slashed ‘cost of governance.’

Bala-Usman in a chat on Arise TV said the NPA has stopped all travel by officials, abolish official cars for personnel and establish pool cars for essential assignment by its key officials.

She said the revenue of N291 billion was almost near the total of N298 billion recorded last year, noting that NPA could surpass the previous year revenue record at the end of the year.

“Despite the challenges within the economy, the Nigerian ports between the period of January to October was able to raise 291 billion as revenue.

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“In 2019, we raised 298 billion between January to December. You can see that the differential is marginal.

“In November-December, we may be able to meet up to what we made in 2019 or we may not. There was a reduction but it was not huge in terms of revenue.”

The NPA boss said port operations suffered a downtime of two days after recent attacks on port headquarters.

“Regarding our operations, we had a downtime of two days sorting Internet services provisions for payment. We were up after 48 hours to continue operations.

“The offices torched were corporate and strategic communication and some part of the audit department- the windows got burnt but we didn’t lose any documents.

“On one side we look at it as random hoodlums, on the other hand, we also have a lot of questions to answer like why your office? However, seven people were arrested and we have CCTV footage of the attack.”

Usman said NPA has in line with efforts to reduce the cost of operations has reduced traveling by its officials to the barest minimum and essential duty tour.

“Most of the meetings are now carry out on zoom because we realised that travel, conference and meeting cost a lot of money and before you know you have approved huge some for traveling and meetings,” the NPA chief said.

She said the advent of the Coronavirus pandemic has taught everyone that a number of meetings and assignment car be carried out online and “this helps us to save cost.”

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