shippingposition
  • Home
  • News
  • Editorial
    • Vox Pop
  • Maritime safety
  • Oil and Gas
  • Personality
  • Health
No Result
View All Result
shippingposition

Home » NPA REMITS =N=1.2BILLION INTO FEDERATION ACCOUNTS

NPA REMITS =N=1.2BILLION INTO FEDERATION ACCOUNTS

by Joshua
October 19, 2008
in Uncategorized

Nigerian Ports Authourity has remitted a whooping =N=1.2Billion into government coffers even as its managing director, Mallam Abdusalam Abubakar assures that despite statutory commitments to maintenance of ports infra  and super structures, the organisation will continue to fulfil it obligations.
The managing director gave this assurance recently in Abuja when he appeared before the Senate ad-hoc committee which is probing activities of the ministry of transportation between 1999 and 2007. 
The remittance was made between January and October, 2008, just as the managing director assured that it would continue to meet its obligation to the government.   
According to him, the remittance demonstrated the determination of the Organization to henceforth surpass its previous records of disbursement to the Federation Account.

While appreciating the concerns expressed by members of the ad-hoc committee on the amount of monies transferred to the Federation Account by the Authority in the recent past, the Managing Director assured the members that the Authority was determined to change the trend and to ensure that the remittance remain consistent.

“As a responsive management, despite our enormous challenges in funding our several port development projects, which are crucial to the survival of the industry, we are determined to ensure enhance remittance to the Federation Account.  We have that responsibility and we have started achieving it”, he added.

He also revealed that the Authority can now boast of a sound liquidity position due to the new financial discipline adopted by the management in the execution of essential projects and services.


Related Posts

International Customs Day:  C-G Restates Commitment To Mentor Young Officers For Effective Service Delivery

January 27, 2023
ONE To Acquire Three U.S. West Coast Container Terminals

ONE To Acquire Three U.S. West Coast Container Terminals

December 29, 2022
Shippers’ Council Collaborates With Institute On Training

Shippers’ Council Collaborates With Institute On Training

September 23, 2022
Dala Dry Port Has Potential To Service Cargo Needs Of Nigeria, Niger Republic –FG

Dala Dry Port Has Potential To Service Cargo Needs Of Nigeria, Niger Republic –FG

August 6, 2022

Discussion about this post

Latest News

Media Crucial To Nation Building- Channels TV Boss

January 27, 2023

Lekki Deep Seaport To Boost Non-Oil Revenue — NEPC

Military Destroys 39 Illegal Refineries, Apprehends Oil Thieves, Vandals

International Customs Day:  C-G Restates Commitment To Mentor Young Officers For Effective Service Delivery

FG Says Nigeria-Niger Republic Rail Project Critical To Both Countries’ Trade

FG To Establish Free Trade Zone In Ekiti -NEPZA Boss

ANLCA, Congratulates Newly Promoted Customs Officers, Charges Them To Add Value

NRC, Police Reiterate Commitment To Secure Nigeria’s Railways

Transportation Ministry Inaugurates Committee For Ondo, Benin Sea Ports

UK Cuts Tariffs On Nigerian Exports

Nigeria To Net $500m Revenues From Cashew Exports In 2023 — Minister

Lekki Port: Ensure Only Genuine Trade Partners Operate, Shipper Urges Govt.

kindly like our Facebook page

Health

Unhealthy Environment Causes 12.6m Deaths Worldwide, WHO Says
Health

Unhealthy Environment Causes 12.6m Deaths Worldwide, WHO Says

December 19, 2022

The World Health Organisation has said that the number of people estimated to have died as a result of living...

Health Benefits And Side Effects Of Bitter Leaf

Health Benefits And Side Effects Of Bitter Leaf

December 12, 2022
More Women May Die During Childbirth In West Africa — Report

More Women May Die During Childbirth In West Africa — Report

December 12, 2022
The Many Wonderful Uses Of Onions

The Many Wonderful Uses Of Onions

December 5, 2022
Nigeria Yet To Achieve 70% COVID-19 Immunisation Coverage, Says NPHCDA

Nigeria Yet To Achieve 70% COVID-19 Immunisation Coverage, Says NPHCDA

December 5, 2022
COVID-19 Cases Increasing, Continue With Preventive Measures — UITH-ARD Warns

COVID-19 Cases Increasing, Continue With Preventive Measures — UITH-ARD Warns

December 5, 2022
Panic As Monkeypox Spreads To 32 States, Cases Now 604

Panic As Monkeypox Spreads To 32 States, Cases Now 604

November 28, 2022
Over 1bn Youths Risk Hearing Loss From Headphones, Loud Music — Study

Over 1bn Youths Risk Hearing Loss From Headphones, Loud Music — Study

November 28, 2022
Consuming Undercooked Meat May Lead To Tuberculosis — Epidemiologist

Consuming Undercooked Meat May Lead To Tuberculosis — Epidemiologist

November 28, 2022
Infertility Red Flags Men, Women Should Not Ignore – Experts

Infertility Red Flags Men, Women Should Not Ignore – Experts

November 28, 2022

© 2021 Shippingposition

Navigate Site

  • Home
  • About Us
  • Contact us
  • Privacy Policy
  • Sitemap
  • Terms

Follow Us

No Result
View All Result
  • News
  • Coast To Coast
  • Oil and Gas
  • Maritime Education
  • The Terminals
  • Maritime safety

© 2021 Shippingposition