The Nigerian Ports Authority, NPA, has raked in a total sum of $481million (N76.9billion at prevailing rate of N160 per dollar ) and N7.81billion respectively from the Eastern Ports in nine years, between 2006 and 2015.
The revenue generated from 2006-2015 was generated in local and foreign currencies (dollars) in the years under review. NPA with headquarters in Lagos is zoned into Western Ports – Apapa and Tin Can – and Eastern Ports – Rivers Port, Onne Port, Calabar and Delta Port.
The revenue generated at the Eastern Ports are from service rendered by the zone after ports concession of 2006 by the Federal Government.This was disclosed in a revenue generation document exclusively obtained by Leadership.
Other functions performed by NPA includes Marine incidents and pollution; maintenance of safety and security at the common user areas; enacting port regulations and bye-laws as well as monitor and enforce them and day to day monitoring of operations and enforcement of relevant sections of respective agreements.
In the document, the NPA generated the revenue on vessels calling at the four ports, services rendered at the Eastern flank of the ports among others.
It was gathered that the eastern Zone has experienced increase in ships to the Eastern Zone from 455 ships in 2006 to 506 in 2011.
Also, the zone recorded increase in cargo throughput from 5.5metric tons in 2006 to 7.5 metric tons in 2011.
According to the document, the agency generated N1.96billion and $22.8million in 2006; N952million and $35.1million in 2007; N731million and $56.0million in 2008.
The revenue plunged in 2009 when the Eastern Ports generated N695million and $41.5million while N564million was generated and $42.4million was generated in 2010; N400million and $69million was generated in 2011 while N514 million and $52.6millin was generated in 2012.
In 2013 N476million and $52.6million was generated; N661million, $54.9million and N852million, $52.5 was generated in 2014 and 2015 respectively.