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NPA budgets N1.489trillion Revenue for 2026 . Sets for modernization of Apapa, Tin Can Island

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Managing Director of NPA , Dr Abubakar Dantsoho(middle)flanked by his counterpart s in Marine Transport

NPA budgets N1.489trillion Revenue for 2026
. Sets for modernization of Apapa, Tin Can Island

By George Mgbeleke

In a bid to achieve its revenue projection for the fiscal year,the Nigerian Ports Authority ( NPA ) has targeted N1.489trillion as Internally Generated revenue for 2026 which is N21billion above N1.468trillion targeted and surpassed in 2025.

This is as the ports regulator is set for ground breaking of projects on modernization of Apapa and Tin Can Island ports for effective global competitiveness.

The Managing Director of NPA , Dr Abubakar Dantsoho stated these on Monday during 2026 budget defence session with the Senate Committee on Marine Transport.

Dr Dantsoho in his presentation on the 2026 budget proposal for NPA, said total revenue projection by the agency for 2026 is N1.489trillion which according to him, is N21billion higher than N1.468trillon targeted and surpassed in 2025 going by revenue collection of N1.97trillion .

According to him , out of the projected N1.489trillion revenue in 2026, N945billion is earmarked for capital projects , N447.5billion for operating expenses and N90.6billon for remittance into Consolidated Revenue Fund.

He explained that the budget is anchored on the mantra of ” Consolidation , renewed resilience and shared prosperity ” , with modernization of Apapa and Tin Can Island Ports as flagship projects for increase revenue.

” Apapa and Tin Can Island ports are very old and small for required global competitors in ports business.

” Apapa Port is about 100 years old while Tin Can is over 50 years with inadequate capacities in size and vessels containments for modernized operations.

” Ground breaking of projects on their modernization , will commence in two or three weeks time “, he said .

On Treasury Single Account (TSA), he said all revenues generated by NPA go directly into the account controlled by the Central Bank of Nigeria .

” We do not retain any funds. The Central Bank is the signatory, and we must apply for funds whenever needed”, he explained .

In his remarks , the Chairman of the Committee, Senator Wasiu Eshinlokun ( Lagos Central) , said oversight function of the committee on NPA , is not adversarial but collaborative.

” Our goal is to work with you to strengthen institutional capacity , eliminate inefficiencies and ensure that every naira appropriated serves the public interest “, he said .

Business & Economy

NCDMB, SNEPCo, LADOL Launch Human Capacity Development Programme for Supply Base Services

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Executive Secretary of NCDMB, Engr. Felix Omatsola Ogbe flanked by other staff of the company

By David Owei

The Nigerian Content Development and Monitoring Board (NCDMB), in partnership with Shell Nigeria Exploration and Production Company (SNEPCo) and Lagos Deep Offshore Logistics (LADOL), has commenced a 12-month Human Capacity Development (HCD) programme aimed at equipping young Nigerians with critical competencies required to support supply base operations within the oil and gas industry.

The programme, which kicked off on Tuesday, at the LADOL free zone, Apapa, Lagos, will train 12 beneficiaries through a structured combination of classroom learning and practical industry exposure in specialised areas that support logistics, trade, procurement, and supply chain operations.

Speaking at the ceremony, the Executive Secretary of NCDMB, Engr. Felix Omatsola Ogbe, represented by the General Manager, Human Capacity Development, Ms. Alexis Emelle, described the initiative as more than a training programme, noting that it is an investment in people and the future of Nigeria’s energy industry.

She stated that the programme reflects the Board’s commitment to building a skilled workforce capable of meeting the evolving needs of the industry and creating opportunities for young Nigerians to thrive in specialised fields.

Emelle reminded the trainees that being selected for the programme comes with responsibility and urged them to approach the training with discipline, commitment, and a willingness to learn.

According to her, the industry requires professionals who are dependable, adaptable, and solution-oriented, adding that every assignment, lesson, and practical experience should be seen as an opportunity to build competence and character.

Speaking on behalf of SNEPCo, the Nigerian Content Manager, Mr. Obiajulu Onochie, described human capital development as a key component of operational excellence.

He noted that the success of Nigerian Content is closely linked to the work of NCDMB and commended the Board for establishing itself as one of the most professional institutions driving capacity development in the industry.

Onochie added that SNEPCo remains passionate about developing Nigerian talent and has implemented several training initiatives this year in areas including cybersecurity, NEBOSH, blockchain architecture, and subsea disciplines.

He reiterated the company’s commitment to local content development, stressing that investing in people is essential to building a sustainable energy industry.

In her remarks, a representative of LADOL underscored the significance of Nigerian Content to indigenous businesses, stating that without local content, “LADOL would not exist in its present form”.

The representative added that the organisation remains committed to supporting initiatives that strengthen local capacity and prepare young Nigerians for meaningful careers within the sector.

Following a rigorous two-stage selection process, the 12 beneficiaries will undergo training designed to equip them with practical skills required to support supply base operations and strengthen Nigeria’s local content capacity.

Speaking on behalf of the trainees, Mr. Olaniye Sodiq expressed appreciation to NCDMB, SNEPCo, LADOL, and all the training partners for investing resources in their development.

He said the beneficiaries were eager to learn and looked forward to contributing meaningfully to LADOL and the wider oil and gas industry upon completion of the programme.

The Human Capacity Development initiative reinforces NCDMB’s commitment to building sustainable local capacity by aligning training programmes with industry needs and creating pathways for young Nigerians to access high-value career opportunities within the energy sector.

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NCDMB Hosts Ghana National Oil Coy on Local Content Benchmarking Study

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NCDMB Hosts Ghana National Oil Coy on Local Content Benchmarking Study

By David Owei,Bayelsa

A NCDMB Hosts Ghana National Oil Coy on Local Content Benchmarking Study
) has visited the Nigerian Content Development and Monitoring Board (NCDMB) on a knowledge sharing and local content benchmarking study, with a view to deepen their understanding of the Board’s local content development practices in the areas of policy frameworks and implementation strategies, among other things.

The delegation, led by the Director of Corporate Affairs at GNPC, Mr. Eric Pwadura, is on week tour of the NCDMB corporate headquarters, Yenagoa, Bayelsa State and was received on Monday by the Executive Secretary, NCDMB, Engr. Felix Omatsola Ogbe.

Welcoming the delegation, the Executive Secretary remarked that Africa has evolved over the last three to four decades, growing its hydrocarbon resources to over 120 billion barrels of crude oil reserves and 800 trillion standard cubic feet of gas, which constitute over 10 per cent of hydrocarbon resources globally.

He pointed out that as a hydrocarbon resource continent, it is in the national interest of the producing countries to prioritise local content development, paying particular attention to the necessity of reversing the trend of dependency on foreign technology for exploration, field development and production activities. The countries have to look inward for the capabilities to exploit their resources, he said.

Represented by the Director, Corporate Services of the NCDMB, Dr. Abdulmalik Halilu, the NCDMB boss explained the potential of “crude oil as commodity for economic transformation,” noting that Africa has the advantage of a huge youth population, that is,

the labour force, which should be made to acquire the requisite skills for industry operations.

He recalled that Nigeria’s local content journey began with the Local Content Division in the defunct Nigerian National Petroleum Corporation (NNPC), managing local content issues in the oil and gas industry through mere policy directives, and transformed into the NCDMB we have today. “We have evolved from a policy to an institution,” he enthused, adding, “NCDMB is the sole agency responsible for local content” in Nigeria.

He disclosed that NCDMB Board introduced the Nigerian Content 10-Year Strategic Roadmap, which comprises five strategic pillars, namely, Technical Capability Development, Compliance and Enforcement, Enabling Business Environment, Organisational Capability, and Sectoral and Regional Markets, as well as five enablers, namely, Funding, Regulatory Environment, Collaboration and Stakeholder Engagement, and Research and Development.

Among strategies for capacity building, Engr. Ogbe listed the Nigerian Content Intervention Fund (NCI Fund), which it operates through development finance institutions like the Bank of Industry (BOI) and Nigerian Export-Import Bank (NEXIM) to provide single digit loans to service companies. “What we have done is to create that access to make the local service companies competitive,” he explained, adding that the facility has enabled indigenous companies to acquire critical assets and facilities, including marine vessels operating in Nigeria.

He pointed out that when capacities are built, they must be utilised, hence the Board incentivises investments through a policy of First Consideration that favours indigenous companies with demonstrable capabilities.

He advised African countries seeking to broaden indigenous participation in the oil and gas industry that “local content does not compromise standards…it does not mean you have African spec, European spec,” adding, “It’s one global spec.”

In focused presentation on the Nigerian Content 10-Year Strategic Roadmap, Assistant Manager in the Strategy and Transformational Projects, NCDMB, Dr. Zuwairat Asekome, gave highlights of the journey of the Board, beginning with the enactment of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act, 2010, through successive

stages of growth in the implementation of local content policy and monitoring to the present, when it has successfully raised in-country value addition in the industry to 61 per cent.

In his response, Mr. Eric Pwadura expressed profound appreciation for the privilege to participate in a programme for knowledge sharing at the NCDMB, stating, “Even though we have the legislation guiding local content, we have not had the benefit of having a robust local content environment like you have.”

According to him, “If we take our organization (Ghana National Petroleum Corporation), for example, what we have is a local content unit. That’s currently the structure that we have,” adding, “We want to have a deeper understanding of your local content development programme.”

In his remarks, the Director, Monitoring and Evaluation of the NCDMB, Esueme Dan Kikile Esq. noted the high interest of African oil producing countries in local content. “It’s important that we work together; we are happy to continue to share our experience in oil and gas, share our experience in local content,” he stated.

In an opening address, the General Manager, Corporate Communications Division (CCD), NCDMB, Dr. Obinna Ezeobi, explained that “Nigeria and Ghana have had a long history of collaboration in the energy sector, and that the NCDMB and the GNPC have had fruitful interactions at international conferences. He said NCDMB had mentored several African organsations on local content. NCDMB, he added, has a Memorandum of Understanding (MOU) with the Petroleum Commission Ghana, the National Content Monitoring Committee of Senegal (ST-CNSCL), as well as partnerships with related agencies in Mozambique, Angolan, and Namibia.

Other delegates from the Ghana National Petroleum Corporation are Mrs. Jennifer Boateng, Adviser, General Services; Mr. Augustine Bayivella, Principal, Supply Chain and Local Content Development Officer, and Mr. Seidu Salim Braimah, Manager, Supply Chain and Local Content Development.

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Business & Economy

Audit Report : Senate clears Customs of N62.2billion under remittance …sets up committee for reconciliation of 76 other queries

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By George Mgbeleke

The Senate Tuesday through its Public Accounts Committee ( SPAC) , vacated query of N62.2billion underremittance , slammed on Nigeria Customs Service ( NCS) by the office of Auditor General of the Federation in the 2019 audit report.

The committee which had an investigative session on the entire 77 queries on financial infractions raised against Customs in the 2019 and 2020 audit reports , with the Comptroller General of Customs , Bashir Adewale Adeniyi , also resolved to set up a small committee for reconciliation of the remaining 76 queries.

Customs smooth sail at the investigative session , followed convincing responses made to queries one , two and three read to him by representative of the Auditor General of the federation .

Representative of Auditor General as directed by Chairman of the committee , Senator Ibrahim Dankwabo ( Gombe North ) , read to the Customs CG that in 2017 , while N691.242billion was the total revenue collection by Customs , N629.23bilion was remitted, leaving balance of N62.2billion unremitted into the Federation Account .

In his response to the query , the Customs CG said the N62.2billion classified as unremited or underremittance in the 2019 audit report , was the total sum of levies collected by Customs on behalf of other agencies which are not for remittance into federation account.

” The under remittance of N62.2billion leveled against Customs in the 2019 audit report , was wrongly arrived at through misclassification of levies collected .

” While most of the levies are to be collected and remited into federation account , others like the ones on local production of wheat , textiles and wines etc , do not go into federation account , totality of which accounted for the alleged unremited N62.2billion “, he said .

Similar explanations were offered by the Customs CG on queries two and three , which made a member of the committee , Senator Babangida Hussaini ( Jigawa North West ) , to wonder why Customs allowed the queries to get to the level of committee’s investigation .

” I was in the civil service just like the Chairman of the Committee , Senator Ibrahim Dankwabo ( Gombe North ) , before venturing into politics . Queries one, two and three that you have responded to , supposed to have been trashed out at reconciliation level with the auditors and not allowed to get to this stage “, he said

The Customs boss however reminded the committee members that the years under review , were period when the Senate and Customs had frosty relationship .

The committee on the strength of his explanation , resolved to set up a small committee to meet with customs for reconciliation of issues raised in the remaining 74 queries .

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