<\/p>\n
The National Inland Waterways Authority ( NIWA), has proposed N9.054billion as revenue to be remitted into the Consolidated Revenue Fund ( CFR) from the total targeted revenue of N34.389billion in the 2025 fiscal year .<\/p>\n
The N9.05billion targeted as revenue to be remitted into CFR in 2025 by NIWA , according to its Managing Director and Chief Executive Officer , Bola Oyebamiji , is about 200% increase on N2.625billion remitted into CFR in 2024 .<\/p>\n
Oyebamiji stated these in Abuja on Wednesday during his presentation to the National Assembly joint Committee on Marine Transport .<\/p>\n
He said the N9.054billion projected to be remitted into CFR in 2025 comprise of 50% IGR remittance which is N2.756billion , 40% of Port Development Levy ( PDL) remittance which is N5.775billion from the projected N28.875bikkion .<\/p>\n
Others according to him , are proceeds from lease of properties which is estimated at N496.894million and Tender Documentation estimated to be N25.629million , all totalling N9054billion .<\/p>\n
” The projected astronomical increase on revenue to be remitted by NIWA into the Consolidated Revenue Fund in 2025 , largely arose from the estimated N28.875billion Port Development Levy in the fiscal year as against N13.219billion realised in 2024 “, he said .<\/p>\n
Apparently satisfied with his presentation the Joint Committee Chaired by Senator Wasiu Eshilokun ( APC Lagos Central ) , urged the Managing Director of NIWA , to move from 91% budget performance it recorded in 2024 to 100% in 2025 .<\/p>\n
” Your projected IGR and remittance into the Consolidated Revenue Fund when compared to those of 2024 , are encouraging but this committee believes that NIWA can even surpass its projections in the fiscal year .<\/p>\n
” That is what we want to hear at the end of the year because the country needs more revenues and remittances to fund its yearly budget “, he said .<\/p>\n","protected":false},"excerpt":{"rendered":"
The National Inland Waterways Authority ( NIWA), has proposed N9.054billion as revenue to be remitted into the Consolidated Revenue Fund ( CFR) from the total targeted revenue of N34.389billion in the 2025 fiscal year . The N9.05billion targeted as revenue to be remitted into CFR in 2025 by NIWA , according to its Managing […]<\/p>\n","protected":false},"author":2,"featured_media":1234,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[963,653,962,750],"class_list":["post-1586","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-economy","tag-consolidated","tag-generation","tag-revenu","tag-target"],"_links":{"self":[{"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/posts\/1586","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/comments?post=1586"}],"version-history":[{"count":1,"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/posts\/1586\/revisions"}],"predecessor-version":[{"id":1587,"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/posts\/1586\/revisions\/1587"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/media\/1234"}],"wp:attachment":[{"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/media?parent=1586"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/categories?post=1586"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyechoes.ng\/index.php\/wp-json\/wp\/v2\/tags?post=1586"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}