Nigeria, April 2 -- The Maritime Academy of Nigeria (MAN), Oron, Akwa Ibom State, has projected a total revenue of N24.01 billion for the 2026 fiscal year.

The Acting Rector of the institution, Kevin Okonna, disclosed this on Wednesday during the academy's 2026 budget defence before the House of Representatives Committee on Maritime Safety, Education and Administration.

He explained that after deducting a proposed remittance of N10.8 million to the Consolidated Revenue Fund, the institution expects a net revenue of N23.99 billion.

A breakdown of the projected revenue shows that the academy anticipates N13.33 billion from the five per cent statutory fund of the Nigerian Maritime Administration and Safety Agency (NIMASA).

Other expected...