According to Mohammed Bello Koko, the Managing Director and Chief Executive Officer of the Nigerian Ports Authority (NPA) , the effective operations of Nigeria's ports and the maritime industry have improved its revenue generation.
Koko said on Wednesday that the growth were driven by the economic policies of President Bola Ahmed Tinubu.
He said this during a visit to the Lagos ports access roads whose decade-long traffic gridlock was recently cleared by the NPA.
The MD said despite global economic headwinds last year, the NPA succeeded in maintaining momentum to surpass its 2022 performance.
He said, "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 N501bn as of December 2023; and remittances increasing from N93.4bn in 2022 to N131.2bn by year-end 2023.
