HeadlinesPorts Management How I have Grown NPA Remittance To Highest In NPA History – Bala-Usman By maritimemag June 4, 2020 ShareTweet 0 Abiola Seun The managing director of Nigeria Ports Authority (NPA), Hadiza Bala-Usman said she has increased the agency’s remittance to the consolidated revenue fund to highest in the history of the agency. The consolidated revenue fund is an account owned and managed by the federal government. Revenues of agencies under the federal government are paid into the account. Speaking during a programme on TVC, the managing director said her administration has increased revenue generated by the NPA. “The consolidated revenue fund has been the highest the NPA has ever made,” she said. “Our revenue generation has increased, our contribution to the consolidated revenue fund has been the highest the Nigerian ports have ever made. So it has been a very productive four years for the Nigerian Ports and for the country as a whole. “The revenue generating agency has risen up to the challenge and has increased its contribution and also increased operational efficiency.” In October, Usman had said under her watch, the authority increased the consolidated revenue funds (CRF) of the agency from N18 billion to N30 billion. “In other areas, I would speak to our contributions to the Consolidated Revenue Funds (CRF). When we inherited it, we had a contribution of about N18 billion, but we remitted N30 billion in 2017, N30 billion in 2018,” she had said. “These are clear differentials since my joining Nigerian ports. If you look at an N18-billion contribution to CRF, and then a N30-billion contribution, you can see that there is a huge difference.” The managing director said one of the concerns the NPA has “that makes Nigerian ports in totality not competitive is the absence of deep seaports”. She said her administration would work with the NPA board to ensure the deep seaports are made available soon. She said she has had a mixture of interesting and challenging experiences in office. “It has been very interesting and challenging in some instances but overall, it has been a very fruitful journey. We have seen Nigerian ports move above some bounds,” she said. © 2020, maritimemag. All rights reserved.
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