The Nigerian Ports Authority (NPA) has set a revenue target of N1.28 trillion for 2025, with ship dues projected to contribute N544.06 billion—the largest share among its key income streams.
The projection was unveiled on Monday by NPA’s Managing Director, Abubakar Dantsoho, during the agency’s 2025 budget defence before the House of Representatives Committee on Ports and Harbours in Abuja, according to the News Agency of Nigeria (NAN).
Dantsoho explained that the new target reflects a 40% jump from the N894.86 billion generated in 2024. The 2025 revenue expectations are distributed as follows: N544.06 billion from ship dues, N413.06 billion from cargo dues, N249.69 billion from concession fees, and N73.07 billion from administrative charges.
“The new target represents a 40% increase from the N894.8 billion realised in 2024,” Dantsoho was quoted as saying. He added that the 2025 budget aligns with NPA’s drive for “a more efficient, globally competitive port system.”
Despite liquidity challenges, the NPA exceeded its 2024 revenue target of N865.39 billion by posting N894.86 billion in actual earnings—a performance Dantsoho described as a testament to the agency’s resilience.
In response, Chairman of the House Committee on Ports and Harbours, Rep. Nnolim Nnaji, urged the NPA to focus not just on revenue targets but on delivering measurable improvements in port infrastructure and operational efficiency.
“The ports serve as a crucial engine of economic activity, and their performance directly impacts national trade, job creation, and industrial growth,” Nnaji stated. He further described the NPA as more than a revenue-generating body, calling it “a strategic national asset whose impact spans multiple sectors.”
According to him, enhancing port output would not only bolster Nigeria’s import and export capacity but also stimulate opportunities across logistics, manufacturing, and the broader supply chain.
Nnaji stressed the importance of outlining clear strategies within the 2025 budget that prioritise employment generation, increased throughput, and alignment with government economic objectives. He concluded that, despite operational hurdles, the NPA must adopt “a more aggressive and innovative approach” to meet rising national expectations.