Suggestions




NPA Generated N163.5bn in H1 2021 – GM

August 22, 2021
by
npa

THE Nigerian Ports Authority(NPA) generated N163.5bn in the first half of 2021, the agency’s General Manager, Finance, Emeka Ezugwu has said

Ezugwu made this known at an interactive session with the House of Representatives Committee on Finance on the 2022-2024 Medium Term Expenditure Framework (MTEF) in Abuja.

Join our WhatsApp Channel

He stated that the amount, represented 54% of its 2021 revenue target.

Ezugwu said NPA’s 2021 revenue target was N301.7bn, adding that as of June 2021, the agency had attained N163.5bn.

“That should be 54% performance. We are on course to meeting the estimate,” he said.

According to the GM, NPA generated N284.36bn in 2018, N280.3bn in 2019 and N303.58bn in 2020.

Responding to allegations by an official of the Fiscal Responsibility Commission (FRC), Bello Gulmare, that NPA failed to file its audited accounts for 2019 and 2020 and that it had an outstanding liability of N255bn to settle with the Federal Government, Ezugwu said, “Our 2019 (accounts) has already been approved by the board, 2020 is ongoing. FRC has not done any reconciliation with the NPA for the past four years.

“The figure he is brandishing does not align with what we have. We have done reconciliation with Revenue Mobilisation and Fiscal Allocation Commission (RMFAC). We are also engaging the Accountant General (of the Federation) office right now and we have a letter from them inviting us for reconciliation.”

Chairman of the House Committee on Finance, James Faleke, said “By law, when it comes to remittances, this office (FRC) is superior to the Accountant General Office. This is a constitutional office—it is not just created by an act of the National Assembly.

“It is important that you reconcile with the FRC. You should be eager to reconcile with them. If their report is laid before the National Assembly and you are found wanting, it has consequences. So, reconcile within two weeks. We have ruled that we need a comprehensive list of all agreements reached by NPA with its tenants, indicating how much each of those tenants is supposed to be paying on a monthly or annual basis, and copies of the agreements be attached. We need all the account details of the JVC accounts.”

 

+ posts

Kayode Shopekan

Related Posts

Previous Story

Jega Canvasses Federal System Restructuring

Akeredolu
Next Story

Akeredolu’s Wife To Train 1,500 Girls In Ondo, Imo On ICT

Featured Stories

Related Posts

Latest from News

Senator Natasha Urges Probe into Attack on Obi, Oyegun

The senator representing Kogi Central, Natasha Akpoti-Uduaghan, has called on security agencies to investigate a reported attack on former Anambra State governor Peter Obi and former ruling party chairman John Odigie-Oyegun. In a statement on Wednesday, she described the incident in Edo

Protesters Block Ondo Highway After Church Kidnapping

Residents in south-western Nigeria have blocked a major highway in protest after gunmen abducted worshippers from a church in Ondo State. The demonstrators shut the Akure–Owo expressway for several hours on Wednesday, demanding improved security following the attack in Uso community. Police
Previous Story

Jega Canvasses Federal System Restructuring

Akeredolu
Next Story

Akeredolu’s Wife To Train 1,500 Girls In Ondo, Imo On ICT

Don't Miss

Femi Otedola Issues New Statement After Reports Of Transcorp Plc Acquisition

Femi Otedola’s Geregu Power Plant To Go Public At N100 Per Share

Femi Otedola is reportedly set to list his electricity generation

Nigerian Stock Market Loses N119.22 Billion as Ecobank, PZ Cussons Shares Plummet

The Nigerian stock market suffered a decline on Wednesday, April