Afrigather The Nigerian Port Authority (NPA) tops the listing of government-owned enterprises (GOEs) anticipated to remit the best income to the federal authorities in 2024.
A breakdown of the 2024 proposed funds of the GOEs confirmed that the NPA, Nigerian Customs Service, and Nigerian Communication Fee (NCC) had been anticipated to remit N538.46bn, N459.39bn, and N451.17bn respectively.
Others embody the Nigeria Civil Aviation Authority (N372.23 billion), Federal Inland Income Service (N356.95 billion), Federal Airport Authority of Nigeria (N285.20 billion), Nigerian Maritime Administrative and Security Company (N264.95 billion), Nigerian Deposits Insurance coverage Company (N260.60 billion), Nigerian Upstream Petroleum Regulatory Fee (N232.38 billion) and Nigerian Midstream and Downstream Petroleum Regulatory Authority (N212.28 billion).
Based on the newest publication by BudgIT, the 63 GOEs are anticipated to generate a cumulative income of N4.93 trillion and spend N3.77 trillion in 2024.
Of the overall income projected, 70.53 % can be retained by the GOEs, whereas 29.47 % can be transferred to the Consolidated Income Fund (CRF) of the Federal Authorities.
Nevertheless, the projected expenditures of some enterprises are larger than the income anticipated from them. For instance, the Nationwide Area Analysis and Improvement Company is predicted to spend N24.70 billion whereas its anticipated income is N154 million.
For the Nigerian Bulk Electrical energy Buying and selling, the projected expenditure is N454.81 billion with anticipated income at N13. 34bn, the anticipated expenditure for Nigerian Movie Company, is N1.16 billion whereas its anticipated income is N69.15 million.
The income goal of the Nigerian Movie and Video Censors Board is N115.50 million whereas its expenditure for the 12 months is N1.58 billion. For the Nigerian Nuclear Regulatory Authority, expenditure is N26.85 billion and anticipated income is N3.05 billion respectively.
