The Nigeria Ports Authority (NPA) generated the sum of N172.28 billion in the first six months of 2022.
The represents an increase of 5.38 per cent from the corresponding period in 2021 when it generated N163.5 billion.
The agency made this known in its 2022 half-year operational reports released by , its managing director and chief executive officer (CEO), Mohammed Bello-Koko.
In the latest report, the authority said it remitted N78.49 billion to the consolidated revenue fund (CRF) of the federation in the period under review.
“A breakdown of the figure indicates that N50,255,925,779.20 represents cash remittances, the compulsory deduction of 25 percent of the revenue generated and other sundry payments for the absolute period of January-June 2022,” the statement reads.
“The remaining sum of N28,241,041,083.00 relates to the remittance with respect to other periods,” the report showed.
The CEO said in the face of global economic and inflation crises, among other negative factors, the half-year operational figures were encouraging.
He added that the agency bolstered impressive remittances to the CRF of the federal government.
