The Managing Director of the Nigerian Ports Authority, Dr Abubakar Dantsoho, has stated that despite Nigeria’s vast advantages in the region, including strategic location, market size, and economic strength, among others, the country currently handles only about 25 per cent of cargo traffic in the region, even though it accounts for over 60 per cent of West Africa’s gross domestic product.

According to a recent statement obtained by The PUNCH, Dantsoho stated this while speaking at the Blue Economy Investment Summit in Abuja.

“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,” Dantsoho said.

He, however, assured investors that the tide is turning, as the Federal Government, through the Federal Ministry of Marine and Blue Economy, is implementing far-reaching reforms to reposition the sector.

According to him, 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.

“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,” he stated.

Dantsoho emphasised that private sector funding remains central to achieving these goals, noting that the NPA is actively encouraging project financing to bridge infrastructure gaps and improve 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.

He added that the reforms are designed to enhance port efficiency, improve connectivity, reduce freight costs, and boost non-oil exports, ultimately driving revenue growth.

“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 noted.

Dantsoho stressed that competitiveness in the global maritime industry requires efficient operations, competitive pricing, and strong hinterland connectivity, adding that 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 assured.