By Steve Agbota
The Nigerian Ports Authority (NPA) has committed to allocating 62 per cent of its revenue toward upgrading port infrastructure in a bid to tackle inefficiencies and strengthen maritime operations.
The initiative is aimed at improving cargo handling, reducing delays and supporting economic growth, while positioning Nigeria’s ports as more attractive to international shipping lines and investors.
This was disclosed during the Authority’s budget defence before the Senate Committee on Marine Transport.
The Managing Director of the NPA, Abubakar Dantsoho, disclosed that the agency demonstrated strong financial performance in 2025, achieving 82 per cent revenue collection efficiency.
According to him, the Authority remitted over N700 billion to the Consolidated Revenue Fund (CRF) within the same period, after committing 38 per cent of its revenue to capital projects.
Building on this performance, the NPA is now seeking approval from the National Assembly to increase its capital spending to 62 per cent of its Internally Generated Revenue (IGR) in 2026.
The proposed increase, according to the Authority, aligns with the Federal Government’s renewed focus on modernising port infrastructure, enhancing operational efficiency, and upgrading critical equipment across the nation’s seaports.
The move is expected to strengthen trade facilitation, improve turnaround time for cargo, and position Nigeria’s ports to better compete within the global maritime industry.
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