• 1.28 Trillion
• NPA
• Revenue
• Target

NIGERIAN PORTS AUTHORITY SETS AMBITIOUS REVENUE GOAL FOR 2025

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  CapitalTimesNews / 3 weeks
• 0
• 2 min read

The Nigerian Ports Authority (NPA) is aiming to generate ₦1.28 trillion in revenue for the year 2025, a significant increase of 40% compared to the ₦894.86 billion earned in 2024. This target was revealed by NPA’s Managing Director, Abubakar Dantsoho, during a recent budget presentation to the House of Representatives Committee on Ports and Harbours. Dantsoho attributed the anticipated growth to several key factors, including the full operation of the Dangote Refinery’s marine facilities, terminal upgrades, and the implementation of various automation systems. These systems include the National Single Window, Port Community System, and Vessel Traffic Management System, which are expected to enhance efficiency and productivity at Nigerian ports. A substantial portion of the NPA’s proposed budget, over ₦778 billion, will be allocated towards critical infrastructure projects. These include the rehabilitation and modernization of major ports such as Calabar, Warri, and Burutu. The goal is to improve the overall capacity and competitiveness of Nigeria’s ports. The Chairman of the House Committee on Ports and Harbours, Hon. Nnolim Nnaji, praised the NPA’s performance while emphasizing the need for further improvements. He encouraged the authority to prioritize infrastructure development, job creation, and ensuring that existing ports are well-maintained, even as new ports are being developed. This balanced approach is seen as crucial for the sustainable growth and development of Nigeria’s maritime sector.