In line with the renewed hope agenda of President Bola Tinubu aimed to stimulate growth, boost economic frontiers and improve gross national products, the Nigerian Ports Authority (NPA) has proposed to rake into the federal coffers an estimated revenue of ₦1.28 trillion for 2025.
This information was disclosed by the Managing Director of Nigerian Ports Authority, ( NPA) Dr. Abubakar Dantsoho, during the 2025 budget defence session organised by the House of Representatives Committee on Ports and Harbours, in Abuja.
Dantsoho asserted, “The new target represented a 40 per cent increase from the ₦894.8 billion it realised in 2024.”
He added, “NPA’s 2025 budget was more than the figures, as it reflected its aspirations for a more efficient, globally competitive port system.”
The managing director recalled that in 2024, the authority surpassed its revenue target of ₦865.39 billion, realising ₦894.86 billion.
His words: “This shows our unwavering commitment to national revenue generation, even when our operational liquidity is affected. ”
Speaking further, the MD opined, “The 2025 revenue was expected to come from ship dues, ₦544.06 billion; cargo dues, ₦413.06 billion; concession fees, ₦249.69 billion and administrative revenue, ₦73.07 billion.”
In his remarks, the Chairman of the committee, Rep. Nnolim Nnaji, said, “NPA should beef up its performance, improve port infrastructure and play a greater role in addressing Nigeria’s revenue and unemployment challenges.”
Nnaji, added, “The ports remained a critical pillar of Nigeria’s economy and the agency needs to meet rising expectations despite its operational challenges.”
Nnaji reiterated that, “No country can thrive economically without high-performing ports. They are the economic heartbeat of every nation, determining how buoyant a country is through the flow of imports and exports. ”
According to him, NPA’s performance has implications beyond maritime activity, adding that increased port output can significantly boost job creation across several sectors.
His words: “Nigerian Ports Authority is not just a revenue-generating agency; it is a national asset in terms of employment and economic impact.We expect to see detailed strategies on how to improve revenue generation and expand employment opportunities through your 2025 budget. “
