The Managing Director of the Nigerian Ports Authority, Dr. Abubakar Dantsoho, has expressed concern that Nigeria currently handles just 25 per cent of cargo traffic in West Africa, despite accounting for more than 60 per cent of the region’s gross domestic product.
Dantsoho made this known at the Blue Economy Investment Summit held in Abuja, according to a statement.
He described the disparity as a sign that the country has yet to fully harness its maritime potential, noting that Nigeria’s strategic location, large market, and economic strength should ordinarily translate into a stronger share of regional cargo movement.
“It is worrisome that Nigeria, despite controlling over 60 per cent of West Africa’s GDP, handles only about 25 per cent of the region’s cargo traffic. This clearly shows that we have not fully optimised our potential,” he said.
The NPA boss, however, assured stakeholders that reforms are underway to reposition the sector for improved performance and global competitiveness. He said the Federal Government, through the Federal Ministry of Marine and Blue Economy, is implementing key initiatives aimed at transforming port operations.
These include port modernisation, the introduction of a Trade Single Window, deployment of a Port Community System, development of deep seaports, and full digitalisation of port processes.
“We are implementing key strategic initiatives such as port modernisation, trade single windows, a port community system, deep seaport development, and full digitalisation to reposition our ports for global competitiveness,” Dantsoho stated.
He emphasised that private sector investment is critical to achieving these reforms, adding that the authority is encouraging project financing to close infrastructure gaps and boost 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,” he said.
According to him, the reforms are expected to improve port efficiency, enhance connectivity, lower freight costs, and boost non-oil exports, ultimately driving higher revenue for the country.
“The ultimate goal is to improve linear connectivity, attract bigger vessels, reduce freight costs, and expand our export base, which will significantly boost revenue generation,” he added.
Dantsoho further stressed that for Nigeria to compete globally in the maritime sector, it must ensure efficient operations, competitive pricing, and strong hinterland connectivity, while remaining responsive 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.
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