The Nigerian Ports Authority (NPA) has announced a projected revenue of over ₦1.28 trillion for the 2025 fiscal year, representing a bold 40 percent increase from the ₦894.8 billion it generated in 2024.
This projection was disclosed on Monday by the Managing Director of the NPA, Dr. Abubakar Dantsoho, during his appearance before the House of Representatives Committee on Ports and Harbours in Abuja to defend the agency’s 2025 budget.
Dantsoho stated that the proposed budget represents more than just revenue figures; it reflects the agency’s broader aspirations for transforming Nigeria’s ports into a more efficient and globally competitive system.
He recalled that in 2024, the NPA exceeded its revenue target of ₦865.39 billion, ultimately realising ₦894.86 billion despite significant liquidity constraints.
According to him, this performance underscores the agency’s continued commitment to national revenue generation, even in the face of operational challenges.
Dantsoho explained that the expected 2025 revenue will be drawn from multiple streams, including ship dues, cargo dues, concession fees and administrative charges.
He emphasised that NPA’s financial outlook is grounded in a clear strategy aimed at improving both efficiency and output across Nigeria’s ports.
Reacting to the presentation, Chairman of the House Committee on Ports and Harbours, Representative Nnolim Nnaji, urged the NPA to intensify efforts to enhance port infrastructure, increase efficiency, and play a more active role in tackling the country’s revenue and unemployment challenges.
He stressed that Nigeria’s economic growth is closely tied to the performance of its ports, describing them as vital arteries of trade and national prosperity.
Nnaji added that the impact of the NPA extends well beyond maritime operations, with the potential to significantly boost employment across multiple sectors.
He called on the agency to present detailed and practical strategies within its 2025 budget that outline how it intends to not only meet revenue targets but also contribute meaningfully to job creation and broader economic development.
He said NPA is not just a revenue-generating institution but a critical national asset with the power to influence the country’s economic direction.
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