Nigeria Loses $248m, N3.558bn To Waivers In 6 Yrs —NPA - Politics - Nairaland
Nairaland Forum › Nairaland General › Politics › Nigeria Loses $248m, N3.558bn To Waivers In 6 Yrs —NPA (1244 Views)
| Nigeria Loses $248m, N3.558bn To Waivers In 6 Yrs —NPA by 4hys(op): 6:30am On Dec 16, 2015 |
http://www.hygist.com/2015/12/nigeria-loses-248m-n3558bn-to-waivers.html THE Nigerian Ports Authority, NPA, said yesterday, that the country lost $248,238,305 and N3.558 billion between 2009 and 2015 to indiscriminate waivers. This is just as the House of Representatives Committee on Ports, Harbours and Waterways has expressed worry over what it described as executive interference by the immediate past administration that incapacitated the House from carrying out its legislative functions. NPA in a document it presented to the House Committee chaired by Rep Patrick Asadu, stated: “As a result of the Federal Government’s approval for 50 per cent rebate to petroleum product vessels berthing at private jetties, NPA has waived $248,238,305.80 and N3,558,148,366.98 as amounts that would have accrued as revenue from 2009 to October 2015.” But the Acting Managing Director of NPA, Hassan Bello, failed to comment on whether the process leading to the concession of the ports was satisfactory. Bello told the committee that NPA generated N128.213 billion between January and September 2015 and that N5,806,822,000 was remitted to Consolidated Revenue Fund. He also said the authority generated N162.184 billion in 2014 and that N11,023,350,000 was remitted to CRF; N154.580 billion generated in 2013, with N493,895,000 remitted to CRF; N140.251 billion in 2012 while N20,713,768,000 was remitted to CFR. He enumerated some of the challenges facing NPA to include funding of required infrastructure; cost of acquisition of land and compensation for future port development, lack of reliable power supply, bureaucracy in procurement process, encroachment on port lands and insecurity of the waterways. The members of the committee had demanded to know the position of the authority in the area of declining revenue generation, status of NPA’s property in London; profile of concessionaires and concession agreements on ports and channels. lalasticlala |
| Re: Nigeria Loses $248m, N3.558bn To Waivers In 6 Yrs —NPA by johntredon: 6:32am On Dec 16, 2015 |
Jonathief has finished this country and we are expecting Buhari to fix d economy within a year which is not possible 3 Likes |
| Re: Nigeria Loses $248m, N3.558bn To Waivers In 6 Yrs —NPA by kossyablaze(m): 6:39am On Dec 16, 2015 |
Inconclusive losses |
| Re: Nigeria Loses $248m, N3.558bn To Waivers In 6 Yrs —NPA by Oche211(m): 6:42am On Dec 16, 2015 |
Ok |
| Re: Nigeria Loses $248m, N3.558bn To Waivers In 6 Yrs —NPA by chinchum(m): 6:44am On Dec 16, 2015 |
That is overr 50 billion naira 1 Like |
| Re: Nigeria Loses $248m, N3.558bn To Waivers In 6 Yrs —NPA by coldsummer: 6:47am On Dec 16, 2015 |
When said Jonathan is a thief, You people didn't care to listen. Dude was busy looting the treasury with impunity. There's no way okonjo and sanusi are innocent. No way! 2 Likes |
| Re: Nigeria Loses $248m, N3.558bn To Waivers In 6 Yrs —NPA by greatiyk4u(m): 6:48am On Dec 16, 2015 |
Men, now I understand why Nigerians are suffering Buhari may ur days be long, always walk and shine 2 Likes |
| Re: Nigeria Loses $248m, N3.558bn To Waivers In 6 Yrs —NPA by Nobody: 6:54am On Dec 16, 2015 |
Modath bawoni?  |
| Re: Nigeria Loses $248m, N3.558bn To Waivers In 6 Yrs —NPA by modath(f): 7:08am On Dec 16, 2015*. Modified: 7:29am On Dec 16, 2015 |
4hys:Clueless Hero is a peculiar soul. His ways are shrouded in mystery, too many twists & turns. . Who gives waiver to same biz people you are paying subsidy  ,isn't that double jeopardy!!! 1 Like |
| Re: Nigeria Loses $248m, N3.558bn To Waivers In 6 Yrs —NPA by LadyExcellency: 7:10am On Dec 16, 2015 |
Stupidity is when an economic policy by elected government to boost the economy and regulate prices is called loses. If you don't like it resign or contest for presidency which is the wisest thing to do. I always wonder why Buhari and APC supporters think that GEJ is a lesser president and wields lesser power compared to PMB. How much has Nigeria lost in seven months because of docile economic and monetary policies of President Buhari? I presume it may be running in trillions of naira. |
| Re: Nigeria Loses $248m, N3.558bn To Waivers In 6 Yrs —NPA by modath(f): 7:15am On Dec 16, 2015 |
searchiing4love:Alaafia.. |
| Re: Nigeria Loses $248m, N3.558bn To Waivers In 6 Yrs —NPA by ISpiksDaTroof: 7:19am On Dec 16, 2015 |
LadyExcellency:Drugs are bad for your health. 1 Like |
| Re: Nigeria Loses $248m, N3.558bn To Waivers In 6 Yrs —NPA by Nobody: 7:21am On Dec 16, 2015 |
modath:  |
| Re: Nigeria Loses $248m, N3.558bn To Waivers In 6 Yrs —NPA by modath(f): 7:37am On Dec 16, 2015 |
LadyExcellency:Madam, there is partisanship & their is sheer bigotry... Do not let your hate for PMB tamper with sound Judgement & retrospection !!! What part of giving waivers to capitalists who are going to make PROFIT from their dealings make sense to you Furthermore, the said profit is in excess of what decency & patriotism allows!!  & if you were being sincere, what progress can be recorded with almost non existent resources, as it is now, the president is trying to plug the many leaks your Hero & his acolytes punctured in the ship called Nigeria.. God willing, this country will not sink, the fortunes of this nation will be berthed at the shore of abundance, things can't remain like this for long!!! 1 Like |
| Re: Nigeria Loses $248m, N3.558bn To Waivers In 6 Yrs —NPA by nicerod(m): 7:45am On Dec 16, 2015 |
The money was used 4 campaign |
| Re: Nigeria Loses $248m, N3.558bn To Waivers In 6 Yrs —NPA by LadyExcellency: 8:22am On Dec 16, 2015*. Modified: 9:42pm On Dec 17, 2015 |
modath:Your reply is typical of a bigot and partisanship. Buy mirror and use it or better still, use your conscience. The country was handed over to APC on a great prospective outlook. Low and behold, the goodwill and prospects were vandalized on the alter of docility and propaganda. When a party and some section of the country think they know it all yet they blame everyone but themselves for their failure is worrisome. Goodluck Jonathan's regime is being judged and appraised on good note because he reduced national poverty by half and increased and empowered the middle class. Invested in agriculture and many more. How can government policy that was used to drive the economy be regarded as loses? Does reduction on interest rate announced last week by CBN Governor a multiplying factor of losses to Nigeria's revenue earnings or was it intended to stimulate the economy? Should a sane mind ask why they reduced the interest rate when our revenue is dwindling? Learn how to analyze my submissions from intelligent point of view and do away with attack based on differences on political orientation. Get off my handle if you can't put a check on your hypocrisy |
| Re: Nigeria Loses $248m, N3.558bn To Waivers In 6 Yrs —NPA by PassingShot(m): 8:28am On Dec 16, 2015 |
I don't think there is anything I can hear about that daft of a president that will ever surprise me anymore. His chapter was a monumental loss of valuable years in the nation's history. OBJ shares part of the blame for imposing a dull, incompetent, clueless and uninspiring thief on Nigeria. |
| Re: Nigeria Loses $248m, N3.558bn To Waivers In 6 Yrs —NPA by Nobody: 8:48am On Dec 16, 2015 |
modath:I imagine if PDP had won. I imagine the inevitable collapse (social, civic etc) that we would have faced. I remember the liars, crooks, thieves, TANS, hypocrites, the HERO chanters. I imagine the excuses they'd given, how they'd have blamed everything on APC's loss. How Boko Haram would have continued to flourish. How NOI would have continued to reel out sta'lie'stics..the Okupe's,Omokri's and Obanikoro's.. 21 billion naira as elections fundraiser...while the FG owed salaries and subsidies... We dodged a bullet... 1 Like |
| Re: Nigeria Loses $248m, N3.558bn To Waivers In 6 Yrs —NPA by nkemdi89(f): 8:55am On Dec 16, 2015 |
It's wrong na, why will you carry arms into the premises of another security organisation, you safekeep it at the entrance and carry only your magazine, definitely the police men has refused to drop their arms, eye service because your boss was invited, and in police headquarters you can't even bring your arms in. Carelessness, supremacy and inter agency rivalry. |
| Re: Nigeria Loses $248m, N3.558bn To Waivers In 6 Yrs —NPA by jaylister(m): 2:28pm On Dec 16, 2015 |
front page lalasticlala |
| Re: Nigeria Loses $248m, N3.558bn To Waivers In 6 Yrs —NPA by themilanway(m): 2:41pm On Dec 16, 2015 |
One of the reasons Ngozi Okonjo Iweala was dancing to Psquare's"chop my money". |
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