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NPA Targets N1.28trn In 2025
The Nigerian Ports Authority (NPA) is projecting a significant revenue increase to over ₦1.27 trillion in 2025, representing a 40% jump from the ₦894.86 billion realized in 2024. This ambitious target is anchored on comprehensive modernization efforts, full activation of the Dangote Refinery’s marine operations, and deployment of cutting-edge technology to enhance port efficiency.
NPA Managing Director, Abubakar Dantsoho, disclosed this during a budget defense session with the House of Representatives Committee on Ports and Harbours. “Our 2025 budget proposal reflects our aspirations for a more efficient, globally competitive port system,” Dantsoho stated, adding that over 70% of the proposed expenditure will go into capital projects.
The Authority surpassed its revenue target of ₦865.39 billion in 2024, posting an actual realization of ₦894.86 billion. However, Dantsoho revealed that only ₦417.86 billion, less than half of the approved ₦850.92 billion expenditure, had been spent as of the time of reporting. Despite this, NPA made a record contribution of ₦400.8 billion to the Consolidated Revenue Fund (CRF) in 2024.
Dantsoho attributed the projected revenue increase to several key assumptions and developments, including the full operation of the Dangote Refinery, commissioning of upgraded terminals, implementation of automation tools, and increased cargo volumes. “Investments in infrastructure and technology are non-negotiable if we are to stay competitive regionally and globally,” he emphasized.
The 2025 revenue is expected to come from key sources, including Ship Dues (₦544.06 billion), Cargo Dues (₦413.06 billion), Concession Fees (₦249.69 billion), and Administrative Revenue (₦73.07 billion). Of the proposed ₦1.14 trillion total expenditure for 2025, ₦778.46 billion is earmarked for capital projects.
Chairman of the Committee, Hon. Nnolim Nnaji, urged the NPA to ramp up performance, improve port infrastructure, and play a greater role in addressing Nigeria’s revenue and unemployment challenges. “No country can thrive economically without high-performing ports. They are the economic heartbeat of every nation,” Nnaji stated.
Nnaji stressed that the NPA’s performance has implications beyond maritime activity, noting that increased port output can significantly boost job creation across several sectors. “The Nigerian Ports Authority is not just a revenue-generating agency, it is a national asset in terms of employment and economic impact,” he added.
The Committee praised NPA for its performance and called for a clear outline on how its 2025 financial plan will address pressing national concerns and reaffirm Nigeria’s competitiveness in regional and global maritime trade. Nnaji cautioned against neglecting existing port infrastructure, emphasizing the need to maintain and upgrade existing ports.
“We expect to see detailed strategies on how to improve revenue generation and expand employment opportunities through your 2025 budget,” Nnaji said, adding that the NPA’s role is critical to Nigeria’s economic growth and development.
Authorityngr.com
The Nigerian Citizens Association South Africa (NICASA) has alleged the killing of a 58-year-old Nigerian cleric, Bishop Taiwo Michael Fakunle, in Johannesburg, South Africa.
Fakunle, an indigene of Iye, Ilejemeje Local Government Area of Ekiti State, was allegedly killed on at his residence in Kensington, Johannesburg.
National President of NICASA, Rev. Frank Onyekwelu, disclosed this in a statement on Thursday, saying the circumstances surrounding the cleric’s death had left his family, friends and members of the Nigerian community devastated.
According to him, two suspects allegedly gained access to Fakunle’s residence and opened fire on him, reportedly shooting him more than seven times.
Onyekwelu described the incident as a “horrific and senseless act of violence” and condemned the killing, expressing concern over the continued loss of Nigerian lives to violent crime in South Africa.
He said, “This was not merely an ordinary loss of life; it was a horrific and senseless act of violence that has robbed a family of a loved one and the Nigerian community of another precious life.”
Onyekwelu said NICASA had reported the incident to the Consulate General of Nigeria in Johannesburg, adding that a murder case had been opened at Jeppe Police Station.
He called on the South African Police Service (SAPS) and other relevant authorities to conduct a thorough and transparent investigation to establish the circumstances surrounding the killing.
“We demand a thorough and credible investigation that will establish exactly what happened, identify all those responsible, apprehend the perpetrators and ensure that they are brought before the courts to face the full might of the law,” he said.
NICASA also urged Nigerian diplomatic authorities in South Africa to continue engaging with relevant South African authorities and monitor the progress of the investigation until justice is served.
NELFUND has rejected allegations that the Federal Government’s student loan scheme is being used to favour supporters or children of members of the All Progressives Congress (APC).
The Managing Director and Chief Executive Officer of the Nigerian Education Loan Fund, Akintunde Sawyerr, dismissed the claim as “completely ridiculous.”
Moreover, he said the structure of the application system does not allow political affiliation to determine who receives the loans.
Sawyerr spoke during an interview on Channels Television’s Sunday Politics programme.
He explained that the loan scheme is operated through an electronic application process.
Applicants are required to provide personal and academic information, including their names and matriculation numbers.
According to him, the system is designed to establish whether an applicant meets the requirements for the programme.
It does not collect information that would enable NELFUND to determine whether a student belongs to the APC or supports another political party.
“I have not heard this allegation, but I can tell you that it’s a completely ridiculous idea that the administration of Bola Tinubu is focused on trying to fund people who support the party. We are talking about students; many of them are yet to vote, some of them are going to be voting for the first time, [and] many of them are not party members.
“How, in any event, do we determine who is a party member and who isn’t? Even if you are running a manual process, how do you do that? You can’t. It’s unlikely to yield you any result.
“It is a process you have to apply for this loan electronically. If you don’t have a name, you can’t apply for this loan. You provide your matriculation number; you have to be in a public institution,” he said.
The NELFUND boss said the allegation also failed to take into account the nature of the beneficiaries targeted by the programme.
He noted that many students accessing the loans are young people who have not yet participated in an election. Some are also not members of any political party.Executive Branch
Sawyerr therefore maintained that using political affiliation as a basis for deciding beneficiaries would be impractical under the existing system.
He said NELFUND’s focus is on Nigerian students who meet the conditions for the loan and are enrolled in eligible public tertiary institutions.
Sawyerr described the demand for the scheme as “overwhelming”, saying many students and their families were struggling to meet the financial demands of tertiary education.
“The demand has been overwhelming, because clearly a lot of people have struggled to get into these institutions,” he said. “They are hanging on by the skin of their teeth to stay in the institution, and this programme came as a rescue for them.”
He disclosed that NELFUND had so far disbursed about N162 billion in upkeep allowances to students.
The fund is also examining application and disbursement figures as demand increases, with the agency seeking to understand the financial requirements needed to sustain the programme.
The student loan initiative was introduced by the Federal Government as part of efforts to reduce financial barriers to higher education.
President Bola Tinubu signed the Student Loans Act into law in April 2024, paving the way for the current NELFUND structure. The scheme provides interest-free financial support to eligible Nigerian students in public tertiary institutions.
It covers approved institutional charges and upkeep support for qualified beneficiaries.
The programme was designed to give students access to funding without requiring them to depend entirely on their parents or guardians to remain in school.
NELFUND has repeatedly stressed the importance of an electronic process in managing applications and disbursements.
The system allows applicants to submit their information for verification before their applications are processed.
Sawyerr further insisted that the system does not discriminate based on religion, ethnicity or gender.
“We have a system that is focused on people who are Nigerians and meet the standard. The system doesn’t recognise your gender. There is no bias in the system at the front end or the back end.
“This is a system that doesn’t care whether you are of one tribe or the other. This system does not have a view or an opinion on whether you are a Christian, a Muslim, or an African traditional religionist; it doesn’t want to know.”
The NELFUND chief also spoke about the impact of the scheme on student retention.
He said available figures indicated that the programme had contributed to a reduction in the number of students dropping out of tertiary institutions, with the reduction put at about 20 per cent.
Sawyerr also addressed concerns surrounding repayment of the loans.
He maintained that beneficiaries would not be subjected to an unreasonable repayment burden, noting that repayment would be tied to their ability to pay after completing their studies.
Under the current structure, repayment is expected to commence two years after beneficiaries complete the National Youth Service Corps programme.
The NELFUND boss also disclosed that funds President Tinubu announced would be recovered by the Economic and Financial Crimes Commission (EFCC) and channelled into the student loan scheme had not yet been received by the fund.
The UK Government has appointed Alastair Long as His Majesty’s Trade Commissioner (HMTC) for Africa, with a mandate to deepen economic ties and expand commercial partnerships between Britain and the continent.
The UK Department for Business and Trade welcomed Long to the position, according to a statement issued on Monday by the British Deputy High Commission.
The mission said Long would work with African governments, investors, businesses and institutions to strengthen economic relations between the UK and African countries.
It added that his responsibilities would include expanding commercial partnerships, supporting UK and African businesses, attracting investment and helping to build sustainable, resilient and productive economies across the continent.
“Long returns to a region he knows well, having previously served as Deputy Trade Commissioner and then HMTC for Africa between 2019 and 2022.
“Before taking up his current position, he served as His Majesty’s Ambassador to the Kingdom of Bahrain from August 2023,” the mission said.
Long said he was thrilled to resume his work in Africa.
He described Africa as the future, saying he had witnessed the continent’s “boundless energy and ambition” during his previous assignments.
“The UK is committed to being a partner that supports African and British growth by listening to African priorities and bringing the very best the UK has to offer.
“I look forward to engaging across the continent, with the UK business community, and with the UK Government team, to realise as many mutual opportunities as possible.”
Long succeeds John Humphrey, who had served as the UK Trade Commissioner for Africa since June 2022.
The British Deputy High Commission said Long inherited strong UK momentum in Africa and would bring extensive trade expertise to the role, as well as the focus and energy required to deepen partnerships and unlock further opportunities for mutual benefit.
The News Agency of Nigeria (NAN) reports that the HMTC leads the UK’s overseas efforts to promote trade, investment, export opportunities and trade policy objectives.
The Commissioner works closely with the wider diplomatic network and other government officials to coordinate Britain’s overseas efforts to promote UK trade and prosperity.
The office also has responsibility for the Department for Business and Trade’s work in Africa, including growing the overall trade and investment relationship, improving market access for British companies, particularly small and medium-sized enterprises, and developing trade policy.
Long joined the Foreign, Commonwealth & Development Office in 2002 and has held previous postings in the Middle East and North Africa.
He was educated at Clare College, Cambridge University, and the Guildhall School of Music and Drama in London.
NAN
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