$1 Billion Port Overhaul Drives 45% Cargo Surge in Nigeria

 Nigeria’s maritime sector has recorded a 45% surge in cargo throughput in Q1 2025, following a $1 billion overhaul of key ports, including Apapa, Tin Can Island, and Onne, under a public-private partnership (PPP) framework. 

The Nigerian Ports Authority (NPA) announced on Monday, June 16, that modernization efforts, including automated cargo handling and dredging, have boosted efficiency, positioning Nigeria as West Africa’s trade hub.

The overhaul, funded by a consortium led by APM Terminals and Dangote Group, introduced digital clearance systems, reducing vessel turnaround time from 7 days to 4 days, per NPA data. Managing Director Mohammed Bello-Koko said, “This $1 billion investment has unlocked our ports’ potential, with exports like cocoa and sesame up 65%.” The surge aligns with Nigeria’s broader economic diversification, with non-oil exports reaching $2.1 billion in Q1, per the Nigerian Export Promotion Council.

However, challenges like high logistics costs and piracy in the Gulf of Guinea persist, with 20% of vessels reporting security concerns. The NPA plans to invest $500 million in 2026 to upgrade Calabar and Warri ports, aiming for a 60% cargo increase by 2027. The success underscores the impact of Tinubu’s PPP strategy, though analysts stress sustained investment to maintain momentum.