Maritime
NPA To Generate N629bn Revenue In 2024 -MD

The Nigerian Ports Authority (NPA) says the authority will generate N629.89 billion in 2024.
NPA is also seeking for N200 billion loan from Afrexim Bank for ports development.
Managing Director, NPA, Mr Mohammed Bello-Koko, stated this while defending the 2024 budget before the House of Representatives Committee on Ports and Harbours in Abuja.
He said the United Kingdom Export Finance (UKEF) was also listed as one of the financial institutions from which to source the loan.
Koko said 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.
“Part of the main trust of the 2024 budget is the urgent need to rehabilitate, reconstruct and moderate the dilapidated port infrastructure facilities”, he stated.
The Managing Director said 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.
“This is aimed at improving port efficiency and increasing cargo traffic through investment funding from the financiers, UKEF and Afrexim”, he said.
Earlier, Chairman of the committee, Nnolin Nnaji, said the agency is very dear 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
“We accept this budget, and we will move further with it”, he assured.
The lawmaker also said the drainage channels were full of wreckages and expressed concern over lack of information on wreckage removal.
Nnaji noted that as long as the NPA avoided the wreckage, it will keep occurring because of the abandoned ships facilities.
Maritime
NCC Announces Telecoms Facilities Protection Measures

Maritime
Bureaucracy, Relationship Gaps, Bane Of Maritime Safety Investigation – NSIB

Maritime
UNDP, REA Partner On Clean Energy Transition

-
Featured3 days ago
Rivers LG Poll: APC Wins 20 chairmanship seats, PDP Clears Three
-
News3 days ago
Stop politicising Niger Delta’s plight over personal interest, Ex-militant warns Ijaw youths
-
Nation3 days ago
Accolades, Fanfare As Ogbakor Ikwerre President General Celebrates 80th Birthday
-
News3 days ago
Cleric Condemns Increasing Theft in God’s House
-
News3 days ago
Keep faith with Tinubu’s Renewed Hope Agenda – NOA begs Nigerians
-
Niger Delta4 days ago
Bayelsa Tasks Security Agencies On Vigilance Over Waring Communities
-
News3 days ago
Okpebholo, Edo Speaker mourns ex-IGP, Arase
-
News3 days ago
Ojulari: CNPP, civil society groups demand judicial probe into NNPCL