 The Managing Director of the Nigerian Pots Authority, Mohammed Belokoko, says the agency is expected to generate 629.89 billion Naira in 2024. He says the authority will also require a 200 billion Naira loan from Afraxin Bank and the United Kingdom Export Finance, UKEF, which it also leased it as one of the financial institutions to suss the loan. Belokoko said the days while defending the 2024 budget before the House of Representatives Committee on Ports Enhable in Abuja on Thursday. The full budget estimate is projected to be 629.89 billion. There's a book left with the breakdown there. For expenditure, the total projected expenditure for 2024 stands at 464.32 billion, which is divided into operating expenses of 212 billion and capital expenditure estimated at 252.29 billion. In 2024, the mentors of the budget is the urgent need to rehabilitate and reconstruct the aging ports infrastructure and also to modernize our equipment. The effects we have observed include those of the key walls, replacement of old gravity walls, rehabilitation of escrables, breakwater in a delta overreport, and this is aimed at improving port efficiency and ensuring that we increase revenue and get back some of the cargo that we have been losing to other countries, Nigerian plus authority. Working with the Ministry of Marine and Blue Economy has been in discussions with the UK, UKEF, that's United Kingdom Export Finance and Afraxin and we believe that that will soon be resolved. Welcome and in the NPA for the budget presentation, Chairman of the committee, Honourable Nareem Najee says the agency is very dear to the country. He added that the committee needed to visit some of the facilities outside Lagos to observe the state of most drainage channels, which he says are full of wreckages. The first budget and this thing, the managing director will do better and also we will do better, but let's give a grace because this is our first budget. So if you are that empty, we also believe that the committee need to visit some of the facilities outside Lagos. For the last time we were in Lagos, we need to visit these dam ports. Projects belongs to House of Rep. Screening of candidates or whatever belongs to the Senate. So they just know that once we resume, we like to visit those ports, we like to see those dam ports, they worry and they even honor some of the ports both in the east and so please take note of that and also discuss the issue of SESA. It's very important to us but we have seen the budget, we accepted it and we will move further with it. So you get notified about fresh news updates.