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NPA: Reforms, private capital to drive Nigeria’s port-led growth

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The country’s port system is being repositioned as the engine room of a new blue economy strategy aimed at unlocking investment, boosting trade competitiveness and reversing its underperformance in regional cargo traffic, the Nigerian Ports Authority (NPA) has said.

Speaking at the Blue Economy Investment Summit in Abuja, Managing Director of the authority, Dr. Abubakar Dantsoho, declared that ongoing reforms and increasing private sector participation are positioning Nigeria at the forefront of Africa’s blue economy growth, with ports expected to play a central role in driving the shift.

Dantsoho, however, highlighted a critical imbalance that underscores the urgency of reform: Nigeria currently handles only about 25 per cent of West Africa’s cargo traffic despite accounting for more than 60 per cent of the region’s Gross Domestic Product (GDP).

“This clearly shows that we have not fully optimised our potential,” he said.

He stressed that the Federal Government’s reform agenda, being driven through the Ministry of Marine and Blue Economy, is designed to reverse this trend by modernising port infrastructure, improving efficiency and aligning operations with global maritime standards.

“The time has come for a paradigm shift in the structure of Nigeria’s economy towards the full utilisation of our marine resources. Our port system, if properly harnessed, can serve as a major driver of economic growth,” Dantsoho said.

The NPA boss positioned the reform programme as a strategic play to attract investment and deepen Nigeria’s competitiveness in global shipping. Key initiatives include port modernisation, deployment of a Trade Single Window, implementation of a Port Community System, development of deep seaports and full digitalisation of port operations.

“This is to reposition our ports for global competitiveness,” he added.

He emphasised that private capital will be critical to bridging infrastructure gaps, noting that the authority is actively promoting project financing models to accelerate delivery and improve operational efficiency.

“We are open to private sector participation through project financing. This approach is already improving efficiency and providing access to funding for critical infrastructure,” Dantsoho said.

According to him, the reforms are expected to deliver measurable commercial outcomes across the maritime value chain, including improved liner connectivity, the attraction of larger vessels, reduced freight costs and expansion of Nigeria’s non-oil export base.

“The ultimate goal is to improve liner connectivity, attract bigger vessels, reduce freight costs, and expand our export base, which will significantly boost revenue generation.

“Competitiveness in the global maritime industry requires efficient operations, competitive pricing and strong hinterland connectivity.

“Nigerian ports must remain adaptive to evolving global shipping trends. With sustained commitment to these initiatives, Nigeria’s port system will enter a new phase and emerge as a leading maritime logistics hub in Africa,” he said.

Dantsoho also pointed to Nigeria’s inherent structural advantages, including its strategic geographic position, large domestic market and economic scale, as factors that could support its ambition to become a regional maritime hub comparable to established global centres.

“By virtue of our strategic location, market size and economic strength, Nigeria is well-positioned to function as the maritime hub for West Africa,” he said.

In his remarks, the Minister of Marine and Blue Economy, Dr. Adegboyega Oyetola, reinforced the investment case for the sector, citing the country’s expansive coastline and inland waterways network as key assets.

He noted that Nigeria’s more than 823-kilometre coastline and its location along the Gulf of Guinea provide a natural advantage for maritime trade and logistics, while recent reforms have strengthened institutional coordination, enhanced maritime security and boosted investor confidence.

Oyetola added that the maritime sector already accounts for over 90 per cent of Nigeria’s international trade by volume, underscoring its central role in the country’s economic architecture and the urgency of fully unlocking its blue economy potential.

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Maritime

NAGAFF president bags MARCON Freight Forwarder of the Year Award

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.Invested as Patron

The National President of the National Association of Government Approved Freight Forwarders (NAGAFF), Chief Tochukwu Emmanuel Ezisi, has been honoured with the Maritime Correspondents’ Organisation of Nigeria (MARCON) Freight Forwarder of the Year Award.

The industry veteran was also formally invested as a Patron of the association in recognition of his outstanding contributions to freight forwarding and the development of Nigeria’s maritime sector.

The double honours were conferred during the 2026 MARCON Annual Conference held at Hotel Presidential on Thursday in Port Harcourt, Rivers State, where industry leaders, government officials and key stakeholders gathered to deliberate on the theme: “Special Economic Zones as Catalysts to Sustainable Blue Economy.”

Speaking during the investiture, the Chairman, Conference Planning Committee, Paul Ogbuokiri, said the decision to confer Patronship on Chief Ezisi was in appreciation of his exemplary leadership, unwavering commitment to the growth of the freight forwarding profession and consistent support for initiatives that promote professionalism and sustainable development within the maritime sector.

Ogbuokiri noted that, as National President of NAGAFF and Managing Director of Emmatoks Agencies Limited, Chief Ezisi has distinguished himself through advocacy for trade facilitation, capacity development and reforms aimed at enhancing efficiency across Nigeria’s ports and logistics value chain.

According to Ogbuokiri, the Freight Forwarder of the Year Award recognises individuals whose leadership, innovation and dedication have made significant impacts on the freight forwarding profession and the nation’s maritime economy.

Ezisi was represented at the event by the National Secretary of NAGAFF, Geoffrey Nwosu, reaffirming his commitment to supporting initiatives that strengthen freight forwarding practice, improved stakeholder collaboration and contributing to the continued growth and competitiveness of Nigeria’s maritime sector.

The conference attracted senior government officials, regulators, port managers, industry operators and maritime professionals who explored strategies for leveraging efficient port infrastructure and Special Economic Zones to drive investment, trade, industrialisation and the country’s blue economy aspirations.

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OGFZA positions Free Zones as drivers of Blue Economy, energy exports

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The Oil and Gas Free Zones Authority (OGFZA) has said Nigeria’s Special Economic Zones (SEZs) are emerging as critical drivers of the country’s Blue Economy, with investments in oil and gas free zones strengthening energy exports, maritime logistics, industrialisation and long-term economic growth.

The Authority said its regulated free zones have evolved beyond conventional investment destinations into strategic Energy Economic Zones that are enhancing national energy security, expanding export capacity and positioning Nigeria as a preferred investment destination in West Africa.

Managing Director and Chief Executive Officer of OGFZA, Bamanga Usman Jada, stated this while delivering the keynote address titled, “The Strategic Role of OGFZA in Supporting Nigeria’s Blue Economy and Energy Exports,” at the 2026 Annual Conference of the Maritime Correspondents’ Organisation of Nigeria (MARCON) held in Port Harcourt. The conference was themed, *”Special Economic Zones as Catalysts to Sustainable Blue Economy.”*

Jada, who was represented by the Technical Adviser to the Managing Director on Free Zones Development, Jackson Iniobong, described the Blue Economy as a framework for harnessing Nigeria’s oceans, rivers, ports and coastal resources to drive economic prosperity while safeguarding the environment for future generations.

He said OGFZA’s statutory mandate of regulating and promoting investment in Nigeria’s oil and gas free zones aligns with the Federal Government’s Blue Economy agenda, noting that most of the Authority’s free zones are strategically located along the country’s maritime corridors.

“Over the years, OGFZA has contributed significantly to the development of Nigeria’s Blue Economy through the establishment, regulation and promotion of Special Economic Zones strategically located around our maritime corridors.”

According to him, the free zones have evolved into engines of industrialisation, international trade, marine logistics, offshore support services and export-oriented manufacturing, thereby strengthening Nigeria’s participation in the global maritime economy.

Jada identified the Onne Oil and Gas Free Zone in Rivers State as OGFZA’s flagship zone, noting that it hosts one of Nigeria’s busiest seaports and serves as an operational base for numerous multinational companies involved in maritime and oil and gas operations.

He also highlighted the Bestaf Maritime Industrial Oil and Gas Free Zone in Lagos State, which hosts an indigenous lubricant blending facility with an annual production capacity of 240 million litres, with products exported through Nigeria’s waterways.

The OGFZA boss further cited the Dangote Industries Oil and Gas Free Zone in Lekki, home to the 700,000 barrels-per-day Dangote Refinery, the largest refinery in Africa, as a major indigenous investment that has significantly strengthened Nigeria’s energy export profile.

“These developments have expanded the significance of OGFZA-regulated free zones into becoming Energy Economic Zones that are enhancing national energy security, industrialisation, and maritime logistics infrastructure and safety.”

Jada said the Authority also regulates the Secured Bunkering Anchorage, an offshore facility supporting safe maritime operations and energy exports, while its free zones have attracted substantial domestic and foreign investments, generated thousands of jobs and facilitated technology transfer.

He explained that OGFZA’s One-Stop-Shop model has improved collaboration with key maritime agencies by simplifying licensing processes, streamlining Customs procedures and enhancing the ease of doing business for investors.

The regulatory framework, Jada noted, has improved port efficiency, reduced operational bottlenecks and promoted indigenous capacity development in fabrication, engineering, marine support services, vessel maintenance and logistics, with facilities such as the West Atlantic Shipyard contributing significantly to local content development.

Looking ahead, he said the Authority would continue to promote environmentally responsible industrial operations, cleaner technologies and efficient resource utilisation to ensure that Nigeria’s Special Economic Zones become models of sustainability, innovation and resilience.

He reaffirmed OGFZA’s commitment to supporting the Federal Government’s vision of leveraging the country’s vast maritime assets to diversify the economy, attract quality investments, create employment opportunities and build a prosperous and sustainable future.

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Maritime

Fed Govt slashes vehicle import levy

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  • Fiscal measures take effect

The Federal Government has reduced the import levy on both new and used vehicles as part of its 2026 Fiscal Policy Measures

The  move, the government said, is aimed at lowering the cost of vehicle importation, easing the burden on importers and improving access to vehicles for consumers.

The new fiscal measures, which took effect on July 1 2026, form part of a broader review of Nigeria’s import tariff structure and customs regime designed to stimulate economic activity and support trade.

Under the revised policy, the import levy on new vehicles has been reduced from 20% to 10%, while the levy on used vehicles has been cut from 15% to 5% per cent.

According to government, “Beginning 1st July 2026, the Nigeria Customs Service will implement the Green Tax Surcharge as part of the 2026 Fiscal Policy Measures to support environmental sustainability. while also reducing the import levy on new vehicles from 20% to 10% and that of used vehicles from 15% to 5% to ease the cost of vehicle importation?”

Importers and dealers have since welcomed the development, describing it as a positive step forward.

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