NPA TARGETS N1.28 TRILLION REVENUE IN 2025
24-06-25
By Sadiq Aminu The Nigerian Ports Authority (NPA) is targeting over ₦1.27 trillion revenue in 2025, representing a 40 percent increase from the ₦894.86 billion it realized in 2024.
The Managing Director of the NPA, Abubakar Dantsoho, disclosed this during a budget defence session with the House of Representatives Committee on Ports and Harbours
Mr. Dantsoho pointed out that the projected revenue is anchored on modernization efforts, the full activation of the Dangote Refinery’s marine operations, and the deployment of cutting-edge technology to enhance port efficiency.
On the 2024 Budget Performance,
Dantsoho explained that only ₦417.86 billion, less than half of the approved ₦850.92 billion expenditure, had been spent as of the moment.
“Our 2025 budget proposal is more than figures, it reflects our aspirations for a more efficient, globally competitive port system,”
He said that over 70% of the proposed expenditure will go into capital projects.
The Chairman House of Representatives Committee on Ports and Harbours, Nnolim Nnaji, urged the NPA to ramp up performance, improve port infrastructure, and play a greater role in addressing Nigeria’s revenue and unemployment challenges.
Nnaji said the ports remain a critical pillar of Nigeria’s economy, and urged the agency to meet rising expectations despite operational challenges.
The Chairman stressed that the NPA’s performance has implications beyond maritime activity, noting that increased port output can significantly boost job creation across several sectors.
