Nigeria's NPA Plans $1 Billion Upgrade for Apapa Port

The Nigerian government is set to invest $1 billion in the expansion and modernization of Apapa Port to enhance export volumes and port efficiency. Dr Abubakar Dantsoho, Managing Director of the Nigerian Ports Authority (NPA), announced this initiative at the Annual World Ports Conference in London, organized by the International Association of Ports and Harbours.

He noted that Nigeria's exports had increased by 25 percent over the past two years due to government reforms and collaboration with private terminal operators. The investment aims to strengthen port infrastructure and increase cargo-handling capacity, with significant private sector involvement, particularly from APM Terminals.

Dantsoho highlighted the growth in non-oil exports, including cocoa and cashew, and mentioned the establishment of four Export Processing Terminals to ensure compliance with export standards. He also stated that Nigeria is well-positioned to benefit from the African Continental Free Trade Area (AfCFTA) due to recent economic reforms.