The Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Hon. Dakuku Peterside, on Tuesday, disclosed that the total sum of N16 billion has so far been remitted into the Consolidated Revenue Fund in 2019.
According to Punch, Peterside said N110.84 billion was the targeted revenue for 2019, out of which N83.49 billion, representing 74%, was realised while N20 billion had been spent out of the N28 billion allocated for the mandatory Maritime Fund.
Breakdown of the expenses for the 2019 budget
Peterside said N20 billion was budgeted for personnel cost, out of which N15.2 billion had been spent, while overhead cost was allocated at N24 billion with N12 billion spent out of it.