NPA to End Non-oil Export Bottlenecks to Boost FX Inflow

The Nigerian Ports Authority (NPA) is working to eliminate obstacles hindering Nigeria's non-oil exports, aiming to increase foreign exchange inflows into the economy. Dr. Abubakar Dantsoho, the Managing Director/Chief Executive Officer of the NPA, announced this during the 21st Abuja International Trade Fair. Dantsoho highlighted that the NPA is investing in port infrastructure and extending maritime logistics to enable exporters to access global markets more efficiently.

He emphasized that trade resilience necessitates efficient infrastructure, predictable fiscal policies, and seamless supply chains. Nigeria's economic strength cannot rely solely on imports and oil revenues anymore, Dantsoho stressed, adding that broadening non-oil exports and linking businesses to global value chains are vital for sustainable economic growth.

The NPA recently received the federal government's approval to transfer Inland Dry Port (IDP) management and development functions to the organization, which will enhance port efficiency for businesses located far from coastal ports, particularly in northern and central Nigeria, including Abuja. By integrating IDPs under NPA's operational jurisdiction, exporters no longer have to transport raw commodities to coastal ports for clearance and documentation.

Additionally, the NPA has introduced targeted measures to address bottlenecks affecting non-oil exporters, such as the activation of dedicated Export Processing Terminals. Agabaidu Jideani, Director General of Abuja Chamber of Commerce and Industry (ACCI), called for improved collaboration with the NPA to facilitate trade, uncover investment prospects, and foster connections between Nigeria's maritime sector and the broader business community.

Jideani stressed that the efficiency, accessibility, and competitiveness of Nigeria's ports are crucial for importers, exporters, manufacturers, distributors, logistics operators, retailers, and other businesses.