NPA Launches $1 Billion Port Upgrades Boosting Nigeria’s Maritime Economy and Trade in 2024

NPA Launches $1 Billion Port Upgrades Boosting Nigeria’s Maritime Economy and Trade in 2024Image Credit: legit

The Nigerian Ports Authority (NPA), under MD Dr. Abubakar Dantsoho, is spearheading a $1 billion reconstruction of Tincan Island Port and rehabilitation of other major ports including Apapa, Rivers, Onne, Warri, and Calabar to modernize infrastructure and expand capacity.

These projects complement the $1 billion Snake Island Port development and other ports like Badagry Deep Seaport and Ondo Deep Seaports, aiming to boost Nigeria’s maritime and blue economy through operational and green port advancements.

In 2024, Nigeria’s ports saw a 45.1% increase in cargo throughput, a rise in ship calls and gross registered tonnage, with Lekki Port experiencing the highest growth in cargo and ship traffic, further improving port efficiency and trade surplus.

Additional initiatives such as port automation, electronic truck call-up systems, and public-private partnerships are enhancing revenue generation and operational effectiveness, supporting Nigeria’s trade expansion and blue economy development.

You must be logged in to comment.

No comments yet. Be the first!