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NPA eyes N1. 28 trillion revenue in 2025
The Nigerian Ports Authority (NPA) has proposed a revenue in excess of N1.28 trillion for 2025.
He said that NPA’s 2025 budget was more than the figures, as it reflected its aspirations for a more efficient, globally competitive port system.
Dr Dantsoho recalled that in 2024, the authority surpassed its revenue target of ₦865.39 billion, realising ₦894.86 billion.
“This shows our unwavering commitment to national revenue generation, even when our operational liquidity is affected,” he said.
Dantsoho said the 2025 revenue was expected to come from ship dues, ₦544.06 billion; cargo dues, ₦413.06 billion; concession fees, ₦249.69 billion and administrative revenue, ₦73.07 billion.
In his remarks, the Chairman of the committee, Rep. Nnolim Nnaji, urged NPA to ramp up its performance, improve port infrastructure and play a greater role in addressing Nigeria’s revenue and unemployment challenges.
Nnaji, who said that the ports remained a critical pillar of Nigeria’s economy, urged the agency to meet the rising expectations despite its operational challenges.
“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.
According to him, NPA’s performance has implications beyond maritime activity, adding that increased port output can significantly boost job creation across several sectors.
“Nigerian Ports Authority is not just a revenue-generating agency; it is a national asset in terms of employment and economic impact.
“We expect to see detailed strategies on how to improve revenue generation and expand employment opportunities through your 2025 budget,” he said.
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Mobereola, NIMASA DG, reflects on year 2025 with satisfaction, says 2026 holds promising opportunities for maritime industry
” You can therefore be sure of an increased momentum in our resolve to sustain maritime safety, security, environmental protection and adherence to relevant conventions and protocols with renewed vigour.”
The DG concluded by acknowledging the support of President Bola Ahmed Tinubu, Adegboyega Oyetola, Minister of Marine and Blue Economy, industry stakeholders, management and staff of NIMASA as well as all Nigerians and wished everyone a Merry Christmas and a prosperous New Year.
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