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NPA To Generate N629bn Revenue In 2024 -MD

The Managing Director of the Nigerian Ports Authority (NPA), Mr Mohammed Bello-Koko, says the agency is expected to generate N629.89 billion in 2024 while asking for a N200 billion loan from Afrexim Bank.
Bello-Koko stated this while defending the 2024 budget before the House of Representatives Committee on Port and Harbour in Abuja yesterday.
He said that the United Kingdom Export Finance (UKEF) was also listed as one of the financial institutions to source the loan.
He said that the total projected expenditure was N464.32 billion, while the operating expenses were projected at N212.03 billion and the capital expenditure stood at N252.29 billion.
The managing director said; “part of the main thrust of the 2024 budget is the urgent need to rehabilitate, reconstruct and moderate the dilapidated port infrastructure facilities.”
He explained that the defects in the facilities were hampering efficiency and productivity in the ports, saying that the defects include the quay walls and the replacement of old gravity walls.
According to him, another is need for rehabilitation of Escravos breakwaters.
According to him, this is aimed at improving port efficiency and increasing cargo traffic through investment funding from the financiers, UKEF and Afrexim.
The Chairman of the Committee, Rep. Nnolin Nnaji, said the agency is very dared to the country, hence the need for the committee to visit some of the facilities outside Lagos.
“We need to see those things you are telling us. The House of Representatives is very serious about budget defence, while they do screening on the other side, budget defence is here, “ he said.
He commended the managing director for the budget presentation, saying that he believed in the subsequent budget, the managing director would do better,
“We accept this budget, and we will move further with it,’’ Nnaji said.
The lawmaker also said the drainage channels were full of wreckage and expressed concern over lack of information on wreckage removal.
Nnaji, however, said as long as the NPA avoided the wreckage, it will keep occurring because of the abandoned ships.
He urged the NPA to look into it.
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Stop politicising Niger Delta’s plight over personal interest, Ex-militant warns Ijaw youths
Niger Delta ex-agitator Endurance Amagbein has cautioned the leadership of the Ijaw Youth Council, IYC, against politicising the plight of the Niger Delta people over issues surrounding renewal of pipeline surveillance contracts with the Nigerian National Petroleum Company Limited, NNPCL.
In a statement on Saturday, Amagbein condemned IYC leaders who took a protest to Abuja, the Federal Capital Territory, FCT, demanding the sack of Bayo Ojulari, the Group Chief Executive Officer of NNPC Limited.
The IYC had claimed that the protest was due to non-performance, financial mismanagement and other allegations, but Amagbein refuted the claims.
Amagbein accused the IYC of derailing from its core mandate and delving into partisan oil surveillance politics.
“Senator Heineken Lokpobiri, the Minister of State for Petroleum (Oil); Dr Samuel Ogbuku, MD/CEO of NDDC; and Chief Dennis Otuaru, the Coordinator of the Presidential Amnesty Programme, are all Ijaw people, but sadly, nobody remembers this to thank Mr President.”
“It is so said that oil politics in the Niger Delta has infiltrated into the affairs of the IYC, and its leaders have allowed surveillance contractors to direct policy statements of the youth body.”
The Tide source reports that Ojulari had said NNPCL is under attack over his leadership stance.
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Keep faith with Tinubu’s Renewed Hope Agenda – NOA begs Nigerians
The National Orientation Agency, NOA, has begged Nigerians to be patient with President Bola Tinubu’s administration, saying that his reforms and initiatives would in no distant time transform the nation’s economy, security and social landscape.
The Akwa Ibom State Director of NOA, Mkpoutom Mkpoutom, made the appeal in Uyo at the weekend during a sensitization programme organized by the Federal Information Center with focus on the milestones of Tinubu’s administration.
Mkpoutom, who was represented by Mrs Atim Otoyo, Deputy Director Planning, Research and Strategy, recalled that Tinubu on assumption of office on May 29, 2023, had embarked on ambitious reforms and initiatives that would better the lives of Nigerians.
He said the President’s focus is on revitalizing Nigeria’s economy by swiftly addressing the fuel subsidy crisis that had long plagued the nation’s finances.
According to him, by removing fuel subsidies, resources are now reallocated towards critical areas such as infrastructure and social welfare programs.
“This bold decision, although met with public discontent due to rising fuel prices, was a necessary step towards fiscal responsibility,” he said.
Mkpoutom also stated that security remains a paramount concern in Nigeria, stressing that Tinubu’s administration has prioritized the issue since the onset of his administration.
“His administration has focused on strengthening the military and security agencies to combat terrorism, banditry and separatist movements. This includes boosting funding for the Armed Forces and implementing community policing strategies to foster better relationships between law enforcement agencies and local communities.
“President Tinubu’s administration has championed various projects aimed at improving transportation networks, electricity supply, and public amenities as well as initiating programs to create technological hubs to promote digital literacy among young Nigerians,” the NOA official said.
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NRC MD, Opeifa bows to pressure, apologizes to Nigerian journalists
The Managing Director of the Nigeria Railway Corporation, Kayode Opeifa, has apologised to the Nigerian Union of Journalists, Federal Capital Territory Chapter, over his assault on its member and a staff of the Nigerian Television Authority, NTA, Ladi Bala.
Opeifa apologized at a press conference at the NUJ FCT secretariat in Abuja on Sunday.
The apology comes after NUJ FCT condemned the unwholesome treatment meted out to its members who were covering the recent Abuja-Kaduna train derailment incident.
The NUJ demanded a public apology from Opeifa over the incident.
In his apology on Sunday, Opeifa said he was carried away in the heat of the moment.
“I wish to offer my apology for the regrettable remarks I made, which were not only directed at a seasoned journalist but also reflected unfavourably on the NUJ FCT and the Nigeria Association of Women Journalists, NAWOJ.
“Acting in the heat of the moment under pressure, and in my attempt to ensure safety, I made certain unkind statements. For this, I take full responsibility, and I am sorry.”
Chairman of NUJ FCT, Grace Ike, had called for calm among journalists over the incident.
Recall that six passengers were injured after the Abuja-Kaduna rail derailed in Jere on Tuesday.
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