- Apapa, Tin Can Ports Set for Upgrade as NPA Raises 2026 Revenue Goal
- Targets ₦1.489tr Revenue in 2026
- Another ₦90.6 billion is expected to be remitted into the government’s Consolidated Revenue Fund
The Nigerian Ports Authority (NPA) is setting its sights higher for 2026, with a revenue target of ₦1.489 trillion and a bold plan to upgrade some of the country’s busiest seaports.
Eko Hot Blog reports that the Managing Director, Abubakar Dantsoho, revealed the plan during a budget defence session before the Senate Committee on Marine Transport, describing it as a step towards making Nigeria’s ports more competitive globally.
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The new target is slightly above the ₦1.468 trillion set for 2025, which the agency not only met but surpassed, recording ₦1.97 trillion in revenue.
A major part of the 2026 plan focuses on revamping Apapa Port and Tin Can Island Port; two of Nigeria’s busiest seaports that have struggled with outdated infrastructure and limited capacity.
According to Dantsoho, both ports have exceeded their original design limits, with Apapa nearing 100 years in operation and Tin Can Island running for over 50 years. He disclosed that groundwork for their modernisation will begin within the next few weeks.
The NPA’s 2026 budget is built around “consolidation, renewed resilience and shared prosperity,” with a strong focus on infrastructure as a driver of revenue growth.
Out of the proposed ₦1.489 trillion, about ₦945 billion is earmarked for capital projects, largely tied to port upgrades, while ₦447.5 billion will cover operational costs. Another ₦90.6 billion is expected to be remitted into the government’s Consolidated Revenue Fund.
Dantsoho also addressed concerns about financial independence, explaining that all NPA revenues are paid into the Treasury Single Account managed by the Central Bank of Nigeria.
He noted that the agency does not retain funds but must request releases when needed, in line with federal financial regulations.
With the planned upgrades, the NPA is aiming not just to boost revenue but to improve efficiency, reduce congestion, and position Nigeria’s ports to handle modern cargo demands more effectively.
