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Disquiet as Shippers’ Council realizes N5bn from targeted N14bn in 9 months

The recent apparent presentation of its scorecard in the last nine months by the Nigerian Shippers Council (NSC) has begun to elicit reactions from maritime pundits.

Analysts who reviewed the performance of the federal agency linked the not-so-good result to massive drop in port business activities within the period under review, saying every sector of the economy, both the private and public had been affected by the economic downturn.

Only recently, the Executive Secretary of the Nigerian Shippers’ Council (NSC), Barr. Hassan Bello said based on the executive summary of activities between January to September 2016, the budget performance from January to September, we have revenue target which is N14 billion, we have realised N5 billion, the balance is still N9 billion. “So, 35 per cent is the performance. For expenditure, we have what we have explained and the representative percentage.

He said whereas the Council had remitted N408 million to the federal government within the period, it however recorded 35 per cent performance in the implementation of the 2016 budget between the same periods.

He revealed further that the Council has recorded 23 per cent performance in the capital expenditure within the period under review and expressed hope that with some of the contracts awarded recently, the Council would achieve 81 per cent performance or even more before the end of the year.

Bello noted that “We capital expenditure of 23 per cent but we hope this will increased tremendously because we have just recently awarded contracts after going through the procedure. We are hoping Distinguished Senators to reach 79 per cent to 81per cent of our budget performance or even more.

“So, remittances to the government treasury are N408 million, total expenditure is N4.7 billion. Realization of additional one per cent internally generated revenue (IGR) spending for the Council making a total of two per cent.”

“Out of the N87 million internally generated revenue (IGR), the council had achieved 92 per cent of it while 71 per cent of the import duty which he said was paid in arrears even as he revealed that certain quotas were yet to be paid,” Executive Secretary of Shippers’ Council averred.