Oyetola Launches NPERA Act to Reform Nigeria's Ports
On October 19, 2026, the Federal Government unveiled the gazetted NPERA Act and its logo during the Third Quarter 2026 Citizens’ and Stakeholders’ Engagement of the Federal Ministry of Marine and Blue Economy, held in Victoria Island, Lagos. Minister Oyetola announced that the NPERA Act, which received assent from President Bola Ahmed Tinubu in June 2026, creates a statutory framework for port economic regulation after nearly two decades of efforts.
He directed the formation of a ministerial committee to transition the Nigerian Shippers’ Council into the new agency responsible for regulating tariffs, promoting competition, and protecting port users’ interests. Oyetola emphasized the importance of independence and impartiality for the agency.
He also discussed plans to modernize several ports and develop new deep seaports to enhance Nigeria's maritime capacity. Additionally, he noted the success of the Deep Blue Project in maintaining zero piracy incidents and the lifting of the U.S.
Coast Guard Condition of Entry on Nigerian vessels as significant achievements.
Plus234Feed summary based on reporting from Blueprint. Read the original report below.
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