NPA Budgets 62% of Revenue for Capital Expenditure in 2026.
NPA Budgets 62% of Revenue for Capital Expenditure in 2026.
Segun Oladipupo
The Nigerian Ports Authority (NPA) is seeking the National Assembly’s approval to allocate 62 percent of its Internally Generated Revenue (IGR) to Capital Expenditure (CapEX) in 2026 fiscal year.
The Maritime agency made the request at the 2026 budget defence session before the Senate Committee on Marine Transport
In a post on its official Facebook page, NPA stated that it collected 82% of the revenue it generated in the preceding fiscal year, 2025.
During the same year, the Authority remitted over ₦700 billion to the Consolidated Revenue Fund (CRF) after utilizing 38% of her revenue for CapEx.
For the 2026 fiscal year, NPA is seeking the National Assembly’s approval to allocate 62% of its Internally Generated Revenue (IGR) to CapEx.
This increased investment reflects the federal government’s focus on upgrading port infrastructure, improving operational efficiency, and renewing equipment to better support trade facilitation across Nigeria’s ports.
