The Nigerian Ports Authority (NPA) says it is proposing 1.48 trillion naira revenue target for the 2026 fiscal year which is 21 billion naira above 1.46 trillion naira targeted and surpassed in 2025.
This was disclosed by its Managing Director and Chief Executive Officer (MD/CEO), Dr Abubakar Dantsoho while presenting the proposed 2026 budget of the agency and appraisal of its 2025 budget before the House Committee on Ports and Harbours.
He further informed that, out of the projected 1.48 trrillion naira, 945 billion naira is earmarked for capital projects, 447.5 billion naira for operating expenses and 90.6 billon naira for remittance into the Consolidated Revenue Fund (CRF), adding that the NPA is set for various modernization projects of Apapa and Tin Can Island ports for global competitiveness.
Earlier in his remarks, the Committee Chaired by Hon. Nnolim Nnaji emphasize that Appropriation is crucial, fundamental and a vital tool in the socio-economic development of a nation, noting that the Panel would undertake, oversight of some major ports across the country.
