NPA targets N1.28 trillion revenue in 2025, aims to boost economic growth

By EZEKIEL OBI, Abuja-

The Nigerian Ports Authority (NPA) has set an ambitious revenue target of N1.28 trillion for 2025, representing a 40% increase from the N894.8 billion it realized in 2024.

NPA Managing Director Abubakar Dantsoho revealed this during the 2025 budget defense session at the House of Representatives Committee on Ports and Harbours.

“This shows our unwavering commitment to national revenue generation, even when our own operational liquidity is affected,” Dantsoho said, highlighting the authority’s surpassing of its 2024 revenue target.

The NPA expects to generate revenue from various sources, including ship dues (N544.06 billion), cargo dues (N413.06 billion), concession fees (N249.69 billion), and administrative revenue (N73.07 billion).

Rep. Nnolim Nnaji, Chairman of the House Committee on Ports and Harbours, emphasized the critical role of ports in Nigeria’s economy.

“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.

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

“We expect to see detailed strategies on how to improve revenue generation and expand employment opportunities through your 2025 budget,” he added.