The Maritime Academy of Nigeria (MAN), Oron, Akwa Ibom state has introduced a income goal of N24, 01 billion for the 2026 fiscal yr.
Its appearing rector, Dr Kevin Okonna Okonna acknowledged this when he appeared earlier than the Home of Representatives Committee on Maritime Security, Training and Administration for the establishment’s 2026 funds defence on Wednesday.
He acknowledged that if realised, a remittance to Consolidated Income Fund of N10, 805, 915 is anticipated to be deducted, leaving web income of about N23. 10 billion.
The anticipated income of the establishment embrace a 5 % NIMASA statutory fund of N13.33 billion, excellent 2025 funds launch of N55 million, and MOWCA fund of N696. 7million.
He mentioned funds anticipated from cadets and college students charges is anticipated to generate N697.38 million, whereas different income sources together with lease is projected at N30,174 million.
Chairman of the committee, Hon. Khadija Waziri-Bukar Ibrahim, mentioned the establishment stays central to Nigeria’s maritime capability.
“It helps worldwide commerce, enhances nationwide safety, and creates employment alternatives for our teeming youth,” she mentioned.