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NIMASA remits N21.4b to federation account in six months

Nigerian Maritime Administration and Safety Agency (NIMASA) has turned in a total of N21.444 billion in remittance into the federation account in the first half of 2021.

The remittance represents almost 65 percent of the agency’s 2020 full year remittance of N31.8billion, indicating that the 2021 full-year figure would surpass that of 2020.

NIMASA’s remittance was observed in a recent Maritime report, which showed that the agency had recorded 28.2 percent increase in its 2020 full year remittance against the N24.8billion in 2019.

The agency’s Director General, Dr Bashir Jamoh, had stated, at the just concluded  Ministerial Retreat of the Federal Ministry of Transport held in Lagos, that there has been a progression in the agency’s contribution to the Federation account from 2016.

Jamoh also noted in his presentation at the retreat that the 2020 remittance of N31.8billion has been the highest so far while the lowest remittance of N11.3billion was recorded in 2017, which was a decline from the 2016 figure of N14.1billion.

Note that the 2020 figure was a N3billion shortfall from the target of N35billion for the year. However, having hinted that over N21billion has been remitted in the first half of 2021, there is a high tendency that the agency may surpass the N35billion annual target by December.

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