NPA Pushes for 80-20 Revenue Sharing Formula with FG, Seeks NPCC’s Support
Nigerian Ports Authority (NPA)
By DAPO OLAWUNI
The Nigerian Ports Authority (NPA) has called on the Federal Government to review its current revenue deduction policy in favour of an 80-20 sharing formula that gives the Authority a larger share of port revenue.
The NPA Managing Director, Mr Abubakar Dantsoho, disclosed this recently at the Nigerian Ports Consultative Council (NPCC) quarterly meeting in Lagos, where he was represented by the Authority’s Principal Manager, Statistics, Mrs Okenwa Igwebuike.
The meeting had as its theme, “Simplifying Cross-Border Trade and Enhancing Ease of Doing Business at Our Ports.”
While reading the NPA 2026 Port Performance Report 2026, he spoke on the funding challenges facing the Authority.
Dantsoho said, “The major challenge is; there is a policy now that the federal government, from whatever revenue we are getting from the port, said they will be taking 50% of whatever we have, from source, from the central bank.”
He therefore called on the Council to back the Authority’s push for a review of the arrangement.
“The Council is invited to support the Authority in engaging the federal government towards reviewing the current direct deductions from the source at an arrangement of 80-20 revenue sharing in favour of Nigerian Ports Authority,” he said.
DAILY TREND reports that based on a Ministry of Finance circular dated December 28, 2023, the federal government directed an automatic 50% deduction of total revenue from self-funded super agencies to be paid into the federation account.
Previously, these self-funded agencies retained up to 50% for operational expenditure.
Since the policy took effect, the NPA has relied heavily on its self-funded internally generated revenue (IGR) to manage capital-intensive duties such as dredging port channels, maintaining quay aprons, and upgrading port terminals.
Dantsoho said the 50 per cent automatic deduction has constrained the Authority’s ability to respond to operational emergencies, and stressed that developing transit cargo to landlocked neighbouring countries remains essential to achieving Nigeria’s ambition of becoming a regional maritime hub.
He called for continued stakeholder collaboration to support port reconstruction and modernisation projects aimed at improving efficiency at the nation’s ports.
Responding, the President of the NPCC, Mr Bolaji Sunmola, assured that the Council would advocate on behalf of the NPA, noting that the Authority carries numerous obligations in developing the ports that require adequate funding.
