The Nigerian Ports Authority (NPA) has set an ambitious revenue target of ₦1.28 trillion for 2025, representing a 40 per cent increase from the ₦894.8 billion it generated in 2024. This projection was revealed by Mr. Abubakar Dantsoho, Managing Director, NPA, during his budget defense session with the House of Representatives Committee on Ports and Harbours.
Dantsoho emphasized that the 2025 budget is more than just figures; it reflects the NPA’s aspirations for a more efficient and globally competitive port system in Nigeria. He proudly noted that in 2024, the Authority surpassed its revenue target of ₦865.39 billion, achieving ₦894.86 billion, showcasing its “unwavering commitment to national revenue generation, even when our own operational liquidity is affected.”
The projected 2025 revenue is expected to be sourced from:
- Ship dues: ₦544.06 billion
- Cargo dues: ₦413.06 billion
- Concession fees: ₦249.69 billion
- Administrative revenue: ₦73.07 billion
In response, Rep. Nnolim Nnaji, Chairman of the House Committee on Ports and Harbours, urged the NPA to significantly boost its performance. He called for improvements in port infrastructure and a greater role in addressing Nigeria’s persistent challenges of revenue generation and unemployment.
Nnaji underscored the critical importance of ports to Nigeria’s economy, describing them as the “economic heartbeat of every nation” that dictates a country’s buoyancy through imports and exports. He stressed that the NPA’s performance has implications far beyond maritime activities, noting that increased port output can significantly stimulate job creation across various sectors.
“Nigerian Ports Authority is not just a revenue-generating agency; it is a national asset in terms of employment and economic impact,” Nnaji stated. He added, “We expect to see detailed strategies on how to improve revenue generation and expand employment opportunities through your 2025 budget.”
