NPA targets N1.28trn revenue in 2025, says MD

Nigerian Ports Authority, NPA, has projected revenue generation of ₦1.28 trillion for 2025...

The Managing Director of NPA, Abubakar Dantsoho, made this known during the 2025 budget defence session organised by the House of Representatives Committee on Ports and Harbours, on Monday in Abuja.

Mr Dantsoho said that the new target represented a 40 per cent increase from the ₦894.8 billion it realised in 2024.

He said that NPA’s 2025 budget was more than 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.

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

Mr Dantsoho said 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, urged NPA to ramp up its performance, improve port infrastructure and play a greater role in addressing Nigeria’s revenue and unemployment challenges.

Mr Nnaji, who said that the ports remained a critical pillar of Nigeria’s economy, urged 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.

According to him, NPA’s performance has implications beyond maritime activity, adding that increased port output can significantly boost job creation across several sectors.

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“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,” he said.

NAN