FG Loses $100M in One Year over NPA, INTELS Pilotage Contract Stalemate
One year after the expiration of the boat service pilotage contract between the Nigerian Ports Authority (NPA) and Integrated Logistics Services (INTELS) Limited in August 2020, steps to re-award the contract have stagnated with the implication that the federal government may have lost a whopping $100 million (N41.11 billion) in the last twelve months. This loss of revenue is a curious development given the financial pressures on the federal government, which has led to a growing debt burden that has become a source of concern to Nigerians. THISDAY learnt that the NPA does not currently have the capacity to carry out the service. With INTELS not being able to continue with the job following the expiration of its contract and the dispute arising from NPA’s attempt to re-award the contract following a bidding process, Nigeria is losing the much-needed revenue in foreign currency. INTELS, it was learnt, is supposed to remit same to the federal government’s Treasury Single Account (TSA) as collected. But since August last year when the contract with INTELS finally came to an end after fourteen years, nothing has been going on as regards the boat service contract.
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