NPA generates N300b from ship dues at Lagos ports

The Nigerian Ports Authority (NPA) gained a revenue base of over N300 billion from ship dues between January, last year and July, this year, according to reports.

The Nation reports that NPA generates over $200 million yearly from ship dues.

NPA signed an agreement in 2005 which mandated the agency to generate $124.5 million from ship dues out of which over 70 per cent of the cash was expected to be saved.

NPA’ s revenue, sources at the Federal Ministry of Transportation (FMoT) said, depends on the proper collection of ship dues.

A senior official of the FMoT, who pleaded anonymity told The Nation that the cash did not include the over $1.8 million the agency generates yearly from the two hoppers it leased on a bare-boat charter working for the Lagos Channel Management (LCM).

NPA, the FMoT official said, needs to establish a state-of-art computerised billing stem that will provide an efficient collecting and monitoring procedure of the ship dues, which will led to an increase of revenue earned by the agency for the government.

NPA, it was gathered, spent $250,000 monthly to manage one of its dredgers before they were leased to the joint venture company ( LCM), they entered into with Depasa Marine International.

The over $1.8million the agency is generating from the lease of the two hoppers is seen by the senior official as a good return on investment (RoI).

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