NPA seeks Senate’s approval to spend 62% of revenue for capital projects
The Nigerian Ports Authority (NPA) has sought the National Assembly’s approval to spend 62% of its Internally Generated Revenue (IGR) on the Capital Expenditure for the 2026 fiscal year.
The Managing Director of NPA, Dr. Abubakar Dantsoho, sought the approval while defending the 2026 budget of the organisation before the Senate Committee on Marine Transport in Abuja recently.
Justifying the use of the 62% allocation, Dr. Abubakar Dantsoho said “this increased investment reflects the federal government’s focus on upgrading port infrastructure, improving operational efficiency, and renewing equipment to better support trade facilitation across Nigeria’s ports.”
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Dantsoho stated that NPA collected 82% of the revenue it generated in the preceding fiscal year, 2025.
According to him, during the same year, the Authority remitted over ₦700 billion to the Consolidated Revenue Fund (CRF) after utilizing 38% of her revenue for CapEx.
The NPA management has in recent times laid emphasis on infrastructure renewal, streamlined export processes and full automation of port operations to boost non- oil exports and increase its revenue.
NPA has been investing in the rehabilitation of key eastern ports, including Onne, Warri and Calabar, while supporting the development of new deep seaports in the region among other efforts to increase the Nigerian Ports’ efficiency level and enhance the attainment of their transshipment base level for West and Central African sub- region.
