NPA proposes N1.489trillion Revenue for 2026  . Sets for  modernization of Apapa,  Tin Can Island Ports 

The Nigerian Ports Authority  ( NPA )  has targeted N1.489trillion as Internally Generated revenue for 2026 fiscal year which is N21billion above N1.

This is as the ports regulator is set for ground breaking of projects on  modernization of Apapa and Tin Can Island ports for effective  global competitiveness. 

The Managing Director of NPA , Dr Abubakar Dantsoho stated these on  Monday during 2026 budget defence session with  the Senate Committee on Marine Transport.

Dr Dantsoho in his presentation on the 2026 budget proposal for NPA, said total revenue projection by the agency for 2026 is N1.489trillion which according to him, is N21billion higher than N1.468trillon targeted in 2025 from which N1.19trillion was realized as collected revenue.

According to him , out of the projected N1.489trillion revenue in 2026, N945billion is earmarked for capital projects , N447.5billion for operating expenses and N90.6billon for remittance into Consolidated Revenue Fund. 

He explained that the budget is anchored on the mantra of ” Consolidation , renewed resilience and shared prosperity ” , with modernization of Apapa and Tin Can Island Ports as flagship projects for increase revenue. 

” Apapa and Tin Can Island ports are very old and small for required global competitors  in ports business. 

” Apapa Port is about 100 years old while Tin Can is over 50 years  with inadequate capacities in size and vessels containments for modernized operations.

” Ground breaking of projects on their modernization , will commence in two or three weeks time “, he said .

On  Treasury Single Account (TSA), he said  all revenues generated by NPA go directly into the account controlled by  the Central Bank of Nigeria .

  ” We do not retain any funds. The Central Bank is the signatory, and we must apply for funds whenever needed”, he explained .

In his remarks , the Chairman of the Committee, Senator Wasiu Eshinlokun ( Lagos Central) , said oversight function of the committee on NPA , is not adversarial but collaborative. 

” Our goal is to work with you to strengthen institutional capacity , eliminate inefficiencies and ensure that every naira appropriated serves the public interest “, he said .