NPA Targets N1.28trn Revenue in 2025
The Nigerian Ports Authority (NPA) has set a revenue generation target of ₦1.28 trillion for 2025, representing a 40% increase from the ₦894.8 billion realised in 2024. NPA’s Managing Director, Abubakar Dantsoho, disclosed this during the 2025 budget defence session at the House of Representatives Committee on Ports and Harbours in Abuja.
Dantsoho attributed the projected revenue to various sources, including ship dues (₦544.06 billion), cargo dues (₦413.06 billion), concession fees (₦249.69 billion), and administrative revenue (₦73.07 billion). He noted that the 2025 budget reflects NPA’s aspirations for a more efficient and globally competitive port system.
The NPA MD highlighted the authority’s commitment to national revenue generation, citing its performance in 2024 where it surpassed its revenue target of ₦865.39 billion, realising ₦894.86 billion despite operational liquidity challenges.
Chairman of the House Committee on Ports and Harbours, Rep. Nnolim Nnaji, urged NPA to improve port infrastructure, ramp up performance, and play a greater role in addressing Nigeria’s revenue and unemployment challenges. “No country can thrive economically without high-performing ports,” Nnaji emphasised, adding that NPA’s performance has implications beyond maritime activity and can significantly boost job creation across several sectors.
Nnaji expects NPA to present detailed strategies on improving revenue generation and expanding employment opportunities through its 2025 budget, recognising the authority’s role as a national asset in terms of employment and economic impact. #NPA Targets N1.28trn Revenue in 2025#
