NPA Projects Growth from BUA's $85M Port Expansion

Dr. Abubakar Dantsoho, the Managing Director of the Nigerian Ports Authority (NPA), projected double-digit growth in cargo throughput and revenue following BUA Group's $85 million (N116.02 billion) investment in expanding its port and terminal facilities in Port Harcourt. During a courtesy visit from BUA Group Chairman Abdul Samad Rabiu in Lagos, Dantsoho described the investment as a significant boost for trade and the development of Nigeria's eastern ports.

He emphasized that the expansion would increase cargo volumes, generate more revenue, and enhance the competitiveness of Nigerian ports. Dantsoho commended President Bola Tinubu for fostering collaboration between the NPA and private sector investors.

He noted that the investment is expected to yield a 13-14% increase in port activity, aligning with global standards. Dantsoho also mentioned recent improvements in Nigeria's port rankings, highlighting recognition from S&P and the World Bank for Tin Can and Apapa ports as among the 20 most improved globally.