65
By Bon Peters | The Bureau Information
Abuja | June 24, 2025
The Nigerian Ports Authority (NPA) has revealed that it plans to generate an estimated income of N1.28 trillion within the 12 months 2025.
This projection was introduced by the Managing Director of the NPA, Dr. Abubakar Dantsoho, through the 2025 price range protection session held with the Home of Representatives Committee on Ports and Harbour in Abuja on Monday.
The brand new income goal marks a 40% enhance from the N894.8 billion realized in 2024, highlighting the NPA’s formidable progress technique for a extra environment friendly and globally aggressive port system.
Dr. Dantsoho recalled that the NPA had surpassed its 2024 income goal of N865.39 billion by producing N894.86 billion — a feat that reaffirms the company’s efficiency below fiscal stress.
“This exhibits our unwavering dedication to nationwide income era, even when our operational liquidity is affected,” Dantsoho remarked.
Offering a breakdown of the proposed 2025 income sources, he acknowledged that:
- Ship Dues — N544.06 billion
- Cargo Dues — N413.06 billion
- Concession Charges — N249.69 billion
- Administrative Income — N73.07 billion
Chairman of the Committee, Hon. Nnolim Nnaji, charged the NPA to scale up its efficiency and enhance port infrastructure, stressing the essential position of ports in nationwide growth.
“No nation can thrive economically with out high-performing ports. They’re the financial heartbeat of each nation,” Nnaji stated, including that improved port output immediately impacts job creation and total financial vibrancy.
He urged the company to current “detailed methods on learn how to enhance income era and broaden employment alternatives via your 2025 price range.”
Describing the NPA as “not only a revenue-generating company however a nationwide financial asset,” Nnaji emphasised the necessity for innovation, effectivity, and accountability in driving its targets.
Publish Views: 185
