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NPA To Generate N629bn Revenue In 2024 -MD

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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.

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Maritime

NSEMA Blames Boat Mishap On Overloading 

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September 8, 2025

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The Management of Niger State Emergency Management Agency (NSEMA) has attributed the recent boat mishap that claimed the lives of over 29 passengers to overloading.
Director General of the Agency, Abdullahi Baba Arah, disclosed this during an interview with newsmen in Minna.
Arah stated that preliminary findings showed that the mishap was caused by overloading and a collision with a submerged tree stump.
“Our desk officer who’s leading the search and rescue operations confirmed that the boat left Tungan Sule with 90 people on board, including women and children, on their way to Dugga for a condolence visit”, he explained.
He disclosed that none of the passengers wore life jackets, despite repeated sensitization and government directives on water safety in the state.
“So far, 29 bodies have been recovered, 50 passengers rescued alive, while two people are still missing”, Arah added.
The Managing Director noted that search and rescue operations were still ongoing to recover the remaining victims.
“At least 29 people have been confirmed dead while several others remain missing after a boat carrying about 90 passengers capsized in Borgu Local Government Area of Niger State”, he said.
Arah said the ill-fated boat set out from Tungan Sule in Shagunu Ward, and was heading to Dugga Community for a condolence visit when tragedy struck at Gausawa.
 Eyewitnesses said the vessel was carrying mostly women and children on board and suddenly began to experience difficulties before it eventually capsized.
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Maritime

Customs Records N3.68tn Revenue In First Half, 2025

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1 week ago

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September 8, 2025

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The Nigeria Customs Service (NCS) said the Service has recorded a revenue of N3.68 trillion in the first half of 2025.
The Service said the amount surpassed its revenue target by N390.20 billion, equivalent to 11.85 per cent.
Spokesman of NCS Abdullahi Maiwada, made this known in a statement issued to newsmen  in Abuja.
Maiwada said the Nigeria Customs Service Board (NCSB) did a comprehensive review of the revenue, which was announced at its 63rd regular meeting.
The meeting, he said, was chaired by the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun.
The Spokesman saidthe Board linked the achievement to the effectiveness of NCS`s ongoing reforms, improved compliance by stakeholders and enhanced deployment of technology in Customs operations alongside service’s strengthened capacity in revenue mobilisation.
 Maiwada said, “between 1st January and 30th June, 2025, the Service recorded a total revenue collection of N3,682,496,530,576.48, representing a remarkable performance above expectations.
“In practical terms, this signifies that within six months, the NCS has already achieved 55.93 per cent of its annual revenue target”, he said.
On the Trade Modernisation Project, he said the Board acknowledged milestones recorded, including wider deployment of the Unified Customs Management System (UCMS) and arrival of six scanners, including an FS6000 model to boost non-intrusive inspection.
Other achievements recorded  by NCS include, procurement of Electronic Cargo Tracking System (ECTS) equipment, setup of the Centralised Image Analysis System (CIAS) at Customs Headquarters, and reinforcement of cybersecurity architecture.
The statement said the Board acknowledged that these developments further aligned with Nigeria’s clearance processes with international best practices.
According to Maiwada, the Comptroller-General of NCS, Bashir Adeniyi, congratulated the newly appointed and promoted officers and  urged them to justify the confidence reposed in them.
Adeniyi reaffirmed the service’s commitment to innovation, inclusivity, transparency, and excellence in service delivery, and also appreciated the Minister of Finance for  what called “his continued support and guidance”.
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Maritime

Shippers Partner NAPTIP, MMS Against Human Trafficking 

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1 week ago

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September 8, 2025

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Nigerian Shippers’ Council (NSC) says it would partner with the National Agency for the Prohibition of Trafficking in Persons (NAPTIP) and Money Management Series (MMS) to eliminate human trafficking at Nigeria’s waterways.
The Council said the collaboration would boost surveillance and collaborate with NAPTIP and MMS to combat this economic crime.
Executive Secretary and Chief Executive Officer, NSC, Akutah Pius,  made this known recently to newsmen during an interview.
He said the Council is commitment to supporting the fight against human trafficking, particularly stowaway and related crimes.
Pius assured NAPTIP and MMS of the Council’s readiness to provide necessary support to actualize their aspirations.
Earlier, the Director, NAPTIP, Binta Adamu Bello, outlined the importance of strategic partnerships with agencies such as the NSC in preventing and reporting trafficking activities at the country’s waters.
Bello commended the NSC’s role in overseeing critical gateways to the nation’s trade and transport system.
Also Speaking, member, Women of Fortune Hall of Fame (WOFHoF) initiative, Hajia Lami Tumaka, referenced a report by the International Maritime Organization (IMO) that the global shipping industry lost $8.9 million to 364 stowaways between February 2020 and February 2021.
The statistic, she said, underscores the need for collaborative efforts to combat human trafficking.
“The NSC, NAPTIP, and MMS are set to work together to strengthen surveillance and prevent human trafficking at Nigeria’s waterways.
“This partnership aims to protect the nation’s trade and transport system from the scourge of human trafficking”, she stated.
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