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By correspondent in Lagos.
(c) Wikipedia.
The Nigeria Ports Authority (NPA) has announced a 15% upward revision of its tariffs, marking the first such increase since 1993. The decision, driven by a need to improve competitiveness and address infrastructure challenges, was revealed during a maritime stakeholders’ meeting in Lagos.
Dr. Abubakar Dantsoho, the Managing Director of NPA, who was represented by Mr. Olalekan Badmus, the Executive Director of Marine and Operations,made this known during a maritime stakeholders’ meeting held in Lagos on Thursday.
He explained that the review aims to enhance the quality of services at Nigerian ports, ensuring they align with international standards.
Dantsoho emphasized that the port’s infrastructure, equipment, and capacity had become outdated, affecting the competitiveness of Nigerian ports globally.
“The 15% tariff increase, which has already been approved by the Federal Government, will address the pressing need for modernization,” he said.
The managing director further explained that the revenue generated from port operations is essential for the upkeep and development of port infrastructure, including dredging, security, automation, and training.
While the decision was met with some concern, stakeholders recognized the necessity of the increase. Maritime expert Mr. Joshua Asanga pointed out that inflation and rising operational costs—such as wages and fuel—had significantly outpaced the stagnation of tariff rates over the last three decades.
Another stakeholder, Mr. Demian Ukagu, advocated for NPA funds to be directed towards improving outer port facilities and jetties, like the Kirikiri Lighter Terminal, as well as other critical infrastructure projects.
Stakehokders at the meeting noted that the current tariffs failed to account for capital, labor, and operational costs, and expressed optimism that the revised rates would ensure sustainable port operations while promoting growth and trade.
The gathering was attended by terminal operators, bonded terminal operators, and other key players in the maritime sector.
Edited by Dada Ahmed.
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