The NPA aims at over 1.2 trillion of revenue in 2025 … while dr. Dutsoh highlights the strategic reforms, the challenges

The NPA aims at over 1.2 trillion of revenue in 2025 … while Dr. Dutsoho highlights the strategic reforms, the challenges

Abuja (basic reporter) Nigerian Ports Authority (NPA), CEO, dr. Abubakar Dutsoho said that the visionary goal of the Agency is to generate ₦ 1,279 trillion of revenue for the tax year 2025 – a significant 40% increase compared to the ₦ 894 billion recorded in 2024.

Dutsoho revealed it while presented the 2025 budget proposal in front of the Senate Committee for maritime transport, the National Assembly on Monday 23 June 2025

The head of the NPA recognized the role of crucial supervision of the National Assembly in guaranteeing transparency and tax discipline between government agencies. “Your unwavering supporter has allowed us to constantly provide well -articulated annual financial plans,” he said.

Bring to the center of economic growth

By emphasizing the strategic role of NPA in national development, the MD underlined two fundamental functions of the authority: commercial facilitation and supply of marine and port services. “The multiplying effects of efficient port operations cut in all sectors. If we do well in ports, companies at national level,” he explained.

He warned that the inefficiencies in the Nigerian ports risk deviating load trafficking towards the ports of West Africa in competition such as Cotonou, Lome, theme and Abidjan, underlining the need to remain competitive.

To this end, the NPA is investing a lot in infrastructure, advanced equipment, digital technology and human ability. These investments, he said, are crucial to reduce ship delivery time, increase load volumes and ensure that Nigeria becomes the maritime hub for western Africa.

2024 Revision of the budget and key challenges

The 2024 budget of the NPA includes ₦ 185 billion of operating expenses and ₦ 232 billion of capital projects – the latter figure that was expected soon due to the ongoing supply activities. However, the MD raised concerns about systemic challenges by hindering the execution of capital account expenses.

Above, among these is the automatic deduction of 50% by the Federal Government from the NPA to the source revenue. “This deduction, together with delayed remittances and restrictive supply thresholds, often block critical infrastructure projects,” he observed.

Despite these obstacles, the NPA has contributed with a record of 400 billion billions to the Federal Treasury pursuant to the 2024 budget – almost double its ₦ 213 billion of remittances in 2023

2025 Revenue projections and strategic hypotheses

Looking to the future, the projection of the 2025 entrances of the NPA is based on key economic and operational hypotheses, including:

Stability of the Naira-Dollar exchange rate to ₦ from 1,400 to $ 1

Full Operation of the Dongote Refinery by the end of 2025

Growth of modular refinery trafficking and modular traffic that increase the import volumes from China due to geopolitical changes

Increase in the loading of loading to the terminals updated in the Eastern doors, the beginning of modernization works in the doors of Stagno and Porta Apapa

The projects of authorities who earn ₦ 413 billion of goods, ₦ 544 billion of services relating to the ship, ₦ 249 billion of concessions and ₦ 73 billion of various revenue.

From the point of view of expenditure, the NPA offers ₦ 1.1 trillion – with ₦ 778 billion assigned to capital projects and ₦ 364 billion of operating costs. The areas of key interest include the automation of the doors, the improved trailer services, the dredging of channels and international conformity updates.

Previously, the president of the Senate Committee for marine transport, Senator Wasiusanni Eshinlokun in his welcome speech reiterated the constitutional duty of the National Assembly to guarantee prudent use of public funds. “Our revision will focus on key indicators, execution of the project, revenue performance and service supply,” he said.

He announced that the Committee would have conducted supervision visits to NPA projects in Lagos to verify the implementation of the 2024 budget. “While examining the IGR proposal of 2025, we provide clear strategies to increase revenue, modernize port operations and improve safety infrastructures.”

It ended with a commitment for the continuous partnership: “We are not opponents, but partners in progress, united by a shared goal to strengthen the Nigeria maritime industry for sustainable economic growth”. He said.