The Nigerian Ports Authority (NPA) has announced an ambitious revenue target of ₦1.28 trillion for 2025, representing a 40% increase over its 2024 earnings. The projection is anchored on expanded ship and cargo dues, concession fees, and administrative charges.
The breakdown includes:
- ₦544.06 billion from ship dues
- ₦413.06 billion from cargo dues
- ₦249.69 billion from concession fees
- ₦73.07 billion from administrative revenue
The projection was revealed on Monday, June 24, 2025, by NPA Managing Director, Abubakar Dantsoho, during the agency’s 2025 budget defence before the House of Representatives Committee on Ports and Harbours in Abuja.
Dantsoho said the revenue target for 2025 reflects the agency’s renewed push for an efficient and globally competitive port system. He noted that in 2024, the authority generated ₦894.86 billion, surpassing its earlier projection of ₦865.39 billion.
“Despite liquidity challenges, we exceeded our 2024 revenue target. For 2025, the focus is on consolidating operational reforms and modernising port infrastructure to drive growth,” Dantsoho stated.
The NPA boss emphasized that achieving the new target will depend on ongoing efforts to streamline cargo clearance processes, enhance digital infrastructure, and strengthen security across Nigeria’s maritime gateways.
In his remarks, House Committee Chairman on Ports and Harbours, Rep. Nnolim Nnaji, urged the NPA to go beyond revenue generation and deliver visible improvements in port infrastructure and operations.
“The Nigerian Ports Authority must see itself as more than a revenue-generating agency. It’s a national asset, critical to trade, jobs, and industrial development,” Nnaji said.
He stressed that enhancing port efficiency will unlock opportunities in logistics, manufacturing, and supply chain sectors, aligning with broader national economic goals.
Nnaji called on the NPA to include clear job creation strategies, throughput expansion plans, and infrastructure renewal in its 2025 budget.
“Rising public expectations demand an aggressive and innovative response from the NPA. We expect measurable progress,” he added.
As Nigeria looks to boost non-oil revenue, reforming its maritime and port sectors has become a top priority. Analysts note that ports are the heartbeat of the nation’s trade ecosystem, and inefficiencies have historically affected the ease of doing business.
With the 2025 budget, the NPA seeks to reposition itself as a global-standard port authority, drawing investor confidence and improving turnaround time for vessels.
According to the 9am News report, Dantsoho also hinted at new partnerships and digitization projects expected to be rolled out across key port locations, including Apapa, Tin Can, Onne, and Calabar.
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