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NPA Boss Links Maritime Growth To Tinubu’s Policies

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The Managing Director of the Nigerian Ports Authority, Mohammed Bello-Koko has stated that the economic policies of President Bola Tinubu have attracted global applause.

According to a statement on Wednesday, Bello-Koko said during an unscheduled visit to the Lagos Ports Access Roads, whose decade-long traffic gridlock was recently cleared by the NPA.

Bello-Koko also added that the policies were responsible for the transformation of the maritime industry and a massive improvement in revenue generation by the NPA.

He lauded the Minister of Marine and Blue Economy, Adegboyega Oyetola’s leadership approach in driving the industry.

The NPA boss said the sanity that had since returned to the ports’ access roads would be sustained to promote ease of doing business and drive exports to enhance Nigeria’s balance of trade.

He added that despite global economic headwinds that characterised 2023, the NPA succeeded in maintaining momentum to surpass its performance in the previous year.

“The implementation of continuous performance improvement measures resulted in unprecedented revenue generation and remittances to the Consolidated Revenue Fund (CRF) of the Federation, with revenues steadily growing from N361bn in 2022 to N501 billion as of December 2023, and remittances increasing from N93.4bn in 2022 to N131.2bn by year-end 2023,” Bello-Koko explained.

The NPA helmsman added that taxes paid to the government also grew at various times in the period under review up to $77.7m and N17.6bn.

“The foregoing added to strategic forecasts set to be actualised in 2024 such as the $1bn worth reconstruction of Tincan Island Port Complex and the comprehensive rehabilitation of Apapa, Rivers, Onne, Warri and Calabar Port Complexes,” Bello-Koko concluded.


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