The Nigerian ports Authority (NPA) has generated the total sum of N118 billion in the first quarter against the N16 billion projected earlier.
Hadiza Bala Usman, managing director of the NPA said on Wednesday that the NPA exceeded its revenue target in the first quarter of the year as activities resumes little by little at Nigeria’s seaports.
Usman said this on a live television interview with the CNBC Africa, added that NPA has a revenue projection of 250 billion for 2017.
She stated that the NPA’s revenue profile declined during the recession but there seems to be improvement in this year 2017.
“We had a revenue projection of N16 billion but we were able to make N118 billion in the first quarter and we are now seeing an increase in the exportation of agricultural produce,” said Usman.
She assured that the NPA is working to set-up a standard operating procedure for the export of agricultural produce.
“We want to see how to increase the export of agricultural produce and solid minerals out of our ports and terminal operators have agreed to part of and has started developing special desks to assist agricultural and solid minerals exporters seamlessly,” he added.