By Oluwakemi Kindness
The Nigerian Ports Authority (NPA) has proposed a N1.489 trillion revenue target for the 2026 fiscal year.
This represents an increase of N21 billion above the N1.468 trillion target set for 2025.
Managing Director of the NPA, Dr. Abubakar Dantsoho, disclosed this while presenting the agency’s 2026 budget proposal before the House of Representatives Committee on Ports and Harbours on Tuesday in Abuja.
He said out of the N1.468 trillion target for 2025, the agency realised N1.19 trillion in revenue.
He said from the proposed N1.489 trillion:
*N945 billion* – Capital projects
*N447.5 billion* – Operating expenses
*N90.6 billion – Remittance to Consolidated Revenue Fund
Apapa, Tin Can Ports Set for Upgrade
The NPA told the commmittee it is ready to commence the modernisation of Apapa and Tin Can Island ports within weeks.
According to Dantsoho, both ports are outdated and no longer meet global standards.
“Apapa Port is about 100 years old, while Tin Can is over 50 years old, with limited capacity for modern operations,” he said.
The NPA boss explained that construction activities in Lagos ports will lead to the *diversion of vessels to eastern ports*.
This, he said, is expected to:
* Increase activities in eastern ports
* Improve efficiency
* Boost overall revenue generation
Chairman of the Committee, Nnolim Nnaji, described appropriation as critical to national development.
He also confirmed that the committee will soon begin oversight visits to major ports nationwide.
“We are pleased that Apapa and Tin Can ports are now receiving the needed attention,” he said
