NPA rakes in N300b from ship dues at Lagos ports

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The Nigerian Ports Authority (NPA) generated over N300 billion from ship dues between January, last year and July, this year, The Nation learnt at the weekend.
NPA, findings have shown, generates over $200 million yearly from ship dues.
In an agreement signed by the NPA as far back as 2005 and obtained by The Nation, the agency was expected to generate $124.5 million from ship dues out of which over 70 per cent of the cash was expected to be saved.
NPA’ s revenue, sources at the Federal Ministry of Transportation (FMoT) said, depends on the proper collection of ship dues.
Speaking with The Nation at the weekend, a senior official of the FMoT, who craved anonymity, said the cash did not include the over $1.8 million the agency generates yearly from the two hoppers it leased on a bare-boat charter working for the Lagos Channel Management (LCM).
NPA, the FMoT official said, needs to establish a state-of-art computerised billing stem that will provide an efficient collecting and monitoring procedure of the ship dues, which will led to an increase of revenue earned by the agency for the government.
NPA, it was gathered, spent $250,000 monthly to manage one of its dredgers before they were leased to the joint venture company ( LCM), they entered into with Depasa Marine International.
The over $1.8million the agency is generating from the lease of the two hoppers is seen by the senior official, as a good return on investment (RoI).
NPA, it was learnt, has a savings of about $135million in the last 15 years on the running and maintenance of the dredgers because it is being undertaken by Depasa Marine International.

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