• About
  • Advertise
  • Contact
Monday, June 16, 2025
  • Login
Vital News
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
Vital News
No Result
View All Result
Home News

32 years After, NPA Increases Tariffs By 15%

Vital News by Vital News
February 9, 2025
in News, Transport
0
NIWA Targets N34.39bln Revenue In 2025
Share on FacebookShare on Twitter

The Nigeria Ports Authority (NPA) says it is reviewing its charges upward by 15 per cent, citing a need for competitiveness and infrastructural upgrades.

The Managing Director of the NPA, Dr Abubakar Dantsoho, made this known during a maritime stakeholders’ meeting held in Lagos.

He said that this was the first time the Nigeria Ports Authority would be reviewing its rates since 1993.

Dantsoho, who was represented by Mr Olalekan Badmus, Executive Director, Marine and Operation, said the authority was compelled by the exigency of bringing Nigerian ports up to speed with those of its peers globally in terms of infrastructure and equipments.

He said : “Though, the NPA rates review has already been approved by the Federal Government, but the management decided to meet with stakeholders on the issue out of the desire to carry everyone along.

RelatedStories

Iran-bound Businessman In NDLEA Net For Ingesting 53 Wraps Of Cocaine

Oluwole Foundation Empowers 70 Nigerians With Tools, Cash Worth N42mln

GIMP – Nigeria Urges FG To Strengthen Religious Tolerance Policies To Promote National Unity

Igbaja Queens Club Launched, To Empower Women, Foster Community Development

“The 15 per cent upward review which is to cut across all NPA rates and dues is premised on the urgent need to address the undesirable reality of aged and weak infrastructure.

“We need to address obsolete equipment and slow port capacity expansion which has continued to diminish performance and, indeed, competitiveness of Nigerian ports.

“Port authorities depend on revenue from operations to stay alive to their responsibilities which include construction and maintenance of port infrastructure.

“Other responsibilities are dredging of channels, provision of aids for safe navigation, provision of modern marine crafts for efficient harbour services,
automation and digitisation of port transactions, port security, energy efficiency and training and retraining of its employees,” Dantsoho said.

Also speaking, a Maritime Stakeholder, Mr Joshua Asanga, concerned about the increment, said that the value of NPA’s present tariff had been suppressed by inflation, which was at about 35 per cent.

Asanga listed port management liabilities like wages, fuel and other areas of expenditure as having adjusted upwards without a commensurate rise in NPA charges for over 30 years.

He noted that NPA needed funds for improved port infrastructure, robust Information and Communication Technology (ICT) for Port Community System, procurement of tug boats and other operational platforms to achieve efficiency.

Another stakeholder, Mr Demian Ukagu, spoke on the need to apply more NPA funding to outer port facilities and jetties like the Kirikiri Lighter Terminal and development of other critical port facilities across the country.

He noted that NPA rates should be able to cover these costs that would guarantee minimum return on investment and promote sustainable trade.

The meeting agreed that existing tariffs were set devoid of capital cost, labour cost, consumables and overhead expenditures needed to run the ports.

The meeting was attended by terminal operators, bonded terminal operators and other ports users. (vitalnewsngr.com)

Tags: maritimeNPAportsTariffs
Previous Post

Kogi Govt, Poral Film Sign MoU For Establishment Of Television Station

Next Post

TMSG Hails Ban On Export Of Crude Meant For Local Refining

Vital News

Vital News

RelatedStories

Iran-bound Businessman In NDLEA Net For Ingesting 53 Wraps Of Cocaine
Crime

Iran-bound Businessman In NDLEA Net For Ingesting 53 Wraps Of Cocaine

June 15, 2025
Oluwole Foundation Empowers 70 Nigerians With Tools, Cash Worth N42mln
Economy

Oluwole Foundation Empowers 70 Nigerians With Tools, Cash Worth N42mln

June 15, 2025
GIMP – Nigeria Urges FG To Strengthen Religious Tolerance Policies To Promote National Unity
National

GIMP – Nigeria Urges FG To Strengthen Religious Tolerance Policies To Promote National Unity

June 15, 2025
Igbaja Queens Club Launched, To Empower Women, Foster Community Development
Gender

Igbaja Queens Club Launched, To Empower Women, Foster Community Development

June 15, 2025
Kogi RAAMP Signs N4.03billion Market Upgrade Contracts
Agriculture/ Water/ Mineral

Kogi RAAMP Signs N4.03billion Market Upgrade Contracts

June 15, 2025
Next Post
Drop In Petroleum Products Importation Indicates Nigeria’s Emergence As New Global Economic Power -TDF

TMSG Hails Ban On Export Of Crude Meant For Local Refining

World Interfaith Harmony Week : Journalists Urged To Promote Inter-religious Dialogue

World Interfaith Harmony Week : Journalists Urged To Promote Inter-religious Dialogue

Calabar Female Medical Doctor Jailed Seven Years For N127mln Fraud

Calabar Female Medical Doctor Jailed Seven Years For N127mln Fraud

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow Us

Recommended

Nigeria In Darkness As  National Grid Records First Collapse In 2025

Energy Theft : NERC Orders DISCOs To Disconnect Illegal Connection Without Notice

4 months ago
2nd Niger Bridge : FG Bars Heavy-duty Trucks, Trailers

2nd Niger Bridge : FG Bars Heavy-duty Trucks, Trailers

3 years ago

NIS Directs Passport Offices To Open, Work Saturdays

3 years ago

Igbo Youths Accuse Tinubu Of Causing Confusion, Division Among Ndigbo

3 years ago

Instagram

    Please install/update and activate JNews Instagram plugin.

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Transport
  • Uncategorized

Topics

Abiodun Abuja APC arrest Atiku Bandits Bello Benue Buhari CBN Court Dangote death drugs Economy EFCC Election elections FG gunmen Hajj INEC Kano kidnap Kill Kogi Kwara Lagos NDLEA Niger Nigeria Ododo Ogun Oyo PDP Police Power refinery rescue road Security Senate students Tinubu Women
No Result
View All Result

Highlights

Oluwole Foundation Empowers 70 Nigerians With Tools, Cash Worth N42mln

GIMP – Nigeria Urges FG To Strengthen Religious Tolerance Policies To Promote National Unity

Igbaja Queens Club Launched, To Empower Women, Foster Community Development

Kogi RAAMP Signs N4.03billion Market Upgrade Contracts

POLITICAL SHIFTING CULTIVATION, HERDING, ANIMAL HUSBANDRY, AND MONEY RUSTLING by Taiye Olaniyi

NCDC Confirms 142 Lassa Fever Deaths, 747 Cases Across 18 States

Trending

Iran-bound Businessman In NDLEA Net For Ingesting 53 Wraps Of Cocaine
Crime

Iran-bound Businessman In NDLEA Net For Ingesting 53 Wraps Of Cocaine

by Vital News
June 15, 2025
0

Operatives of the National Drug Law Enforcement Agency (NDLEA) have arrested a businessman, Ezemokwe Chukwuebuka Christian for...

Dangote Refinery Deploys 4,000 CNG-tankers For Nationwide Distribution Of Petrol, Diesel

Dangote Refinery Deploys 4,000 CNG-tankers For Nationwide Distribution Of Petrol, Diesel

June 15, 2025
IGP Reiterates Ban On Public Parade Of Suspects

10 Kidnappers, Cultist Others Escape From Nasarawa Police Cell

June 15, 2025
Oluwole Foundation Empowers 70 Nigerians With Tools, Cash Worth N42mln

Oluwole Foundation Empowers 70 Nigerians With Tools, Cash Worth N42mln

June 15, 2025
GIMP – Nigeria Urges FG To Strengthen Religious Tolerance Policies To Promote National Unity

GIMP – Nigeria Urges FG To Strengthen Religious Tolerance Policies To Promote National Unity

June 15, 2025
ADVERTISEMENT
Vital News

Vital News is an online newspaper with a mission to uphold professional journalism by reporting and publishing only facts and figures-based news reports across Nigeria and beyond.

Recent News

  • Iran-bound Businessman In NDLEA Net For Ingesting 53 Wraps Of Cocaine June 15, 2025
  • Dangote Refinery Deploys 4,000 CNG-tankers For Nationwide Distribution Of Petrol, Diesel June 15, 2025
  • 10 Kidnappers, Cultist Others Escape From Nasarawa Police Cell June 15, 2025

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Transport
  • Uncategorized

© 2022 Vital News - . All Rights Reserved.

No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security

© 2022 Vital News - Vital News by Vital News.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In