NPA projects N1.2trn revenue from ship, cargo dues

The Nigerian Ports Authority (NPA) says its projected revenue generation for 2025 is N1.28 trillion.

Abubakar Dantsoho, the managing director of NPA, spoke on Monday in Abuja during the 2025 budget defence session organised by the house of representatives committee on ports and harbours.

Dantsoho said the target represents a 40 percent increase relative to the N894.8 billion it generated in 2024.

He said NPA’s 2025 budget is more than the figures, as it reflects its aspirations for a more efficient and globally competitive port system.

The managing director recalled that in 2024, the authority surpassed its revenue target of N865.39 billion, recording an income of N894.86 billion.

“This shows our unwavering commitment to national revenue generation, even when our own operational liquidity is affected,” Dantsoho said.

The NPA boss noted that the 2025 revenue would come from ship dues (N544.06 billion), cargo dues (N413.06 billion), concession fees (N249.69 billion) and administrative revenue (N73.07 billion).

In his remarks, Nnolim Nnaji, chairman of the committee, urged the NPA to ramp up its performance, improve port infrastructure, and play a greater role in addressing Nigeria’s revenue and unemployment challenges.

Nnaji said the ports remain a critical pillar of Nigeria’s economy, urging the agency to meet rising expectations despite its operational challenges.

“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,” he said.

The committee chairman said the NPA’s performance has implications beyond maritime activity, adding that increased port output can significantly boost job creation across several sectors.

“Nigerian Ports Authority is not just a revenue-generating agency; it is a national asset in terms of employment and economic impact,” he added.

Nnaji said the committee expects to see “detailed strategies on how to improve revenue generation and expand employment opportunities through your 2025 budget”.