The Nigerian Ports Authority (NPA) has set an ambitious revenue target of N1.28 trillion for the 2025 fiscal year, marking a substantial increase of 40 percent from the N894.86 billion realized in 2024.
The NPA’s budget proposal indicates that the authority is hopeful about exceeding its prior revenue performance, thanks to several factors such as improved cargo throughput, increased ship traffic, better concession arrangements, and administrative charges.
This forecast is motivated by the Authority’s initiatives to modernise, the complete activation of marine operations at the Dangote Refinery, and the use of state-of-the-art technology to improve port efficiency.
The projected revenue breakdown reveals that the NPA anticipates generating N544.06 billion from ship dues, N413.06 billion from cargo dues, N249.69 billion from concession fees, and N73.07 billion from administrative revenue.
About The Author
