NPA to generate N1.28trn in 2025 — MD

By Seun Ibiyemi

The Nigerian Ports Authority (NPA) has projected a revenue target of ₦1.28 trillion for 2025, signalling a 40 per cent increase over the ₦894.86 billion recorded in 2024.

Managing Director of the NPA, Mr Abubakar Dantsoho, disclosed this on Monday during the 2025 budget defence session held before the House of Representatives Committee on Ports and Harbours in Abuja.

Dantsoho stated that the 2025 budget is more than a set of financial figures; it reflects the agency’s ambition to deliver a more efficient and globally competitive port system. He noted that the NPA had exceeded its 2024 revenue benchmark of ₦865.39 billion by generating ₦894.86 billion.

“This underscores our unwavering commitment to contributing to national revenue, even in the face of liquidity constraints affecting our operations,” he said.

Breakdown of the 2025 projected revenue includes ₦544.06 billion from ship dues, ₦413.06 billion from cargo dues, ₦249.69 billion in concession fees, and ₦73.07 billion from administrative charges.

In response, Chairman of the House Committee, Hon. Nnolim Nnaji, called on the NPA to step up its performance and play a more significant role in tackling Nigeria’s economic challenges, including unemployment.

Nnaji described Nigeria’s ports as a vital engine of national development. “No country can thrive economically without efficient ports. They are the lifeblood of any economy, directly influencing the nation’s financial stability through the flow of imports and exports,” he said.

He stressed that the NPA’s success has far-reaching implications beyond maritime operations, citing its potential to drive job creation and industrial growth across sectors.

“Nigerian Ports Authority is not just a revenue-generating body; it is a strategic national asset. We expect to see clearly defined plans within your 2025 budget that demonstrate how you intend to increase revenue while also expanding employment opportunities,” he added.

The 2025 budget discussions come amid heightened expectations that the NPA will strengthen its infrastructure and operational efficiency to boost trade facilitation, national revenue, and job creation.