NPA Targets N1.489 Trillion Revenue by 2026

The Nigerian Ports Authority (NPA), led by Managing Director Dr. Abubakar Dantsoho, has set a revenue target of N1.489 trillion for the 2026 fiscal year, which represents a N21 billion increase from the previous target of N1.468 trillion. This announcement was made during a budget defense session before the Senate Committee on Marine Transport.

The budget allocates N945 billion for capital projects, N447.5 billion for operational expenses, and N90.6 billion for remittances to the Consolidated Revenue Fund. Dantsoho emphasized the need for modernization of the Apapa and Tin Can Ports, which are outdated and have limited capacity, with the groundbreaking for these projects expected to begin in two to three weeks.

Senator Wasiu Eshinlokun commended the NPA's efforts and assured the committee's support in enhancing Nigeria's port infrastructure to boost economic growth and global competitiveness.