The Nigerian Ports Authority (NPA) has announced a 15% increase in port charges, marking the first tariff adjustment since 1993. The agency attributed the review to the need for improved infrastructure and global competitiveness.
NPA Managing Director, Dr. Abubakar Dantsoho, disclosed this during a maritime stakeholders’ meeting in Lagos on Thursday. Represented by the Executive Director of Marine and Operations, Olalekan Badmus, he explained that although the Federal Government had already approved the adjustment, the NPA sought to engage stakeholders before implementation.
“The 15% upward review, which applies across all NPA rates and dues, is necessary to address the challenge of aging and weak port infrastructure,” Badmus stated.
While some stakeholders raised concerns over the increase, they acknowledged that inflation—currently around 35%—had significantly eroded the value of NPA’s tariff structure over the past three decades.
Maritime expert Joshua Asanga noted that port management costs, including wages and fuel, had risen without a corresponding adjustment in charges. He emphasized the need for improved port infrastructure, a stronger Information and Communication Technology (ICT) system, and enhanced operational platforms such as tugboats.
Similarly, another stakeholder, Demian Ukagu, urged the NPA to allocate more funds to outer port facilities and jetties, including the Kirikiri Lighter Terminal, to boost efficiency and trade sustainability.
The new tariff is expected to enhance port operations while ensuring a minimum return on investment.