Nigeria's Maritime Sector Sees Historic Growth, Bolstering Economic Diversification Efforts*

By Lod Onyeji

Nigeria's maritime industry has experienced a remarkable surge in activity, driven by increased cargo throughput, rising container traffic, and a growing export footprint, according to the 2025 Operational Performance Report released by the Nigerian Ports Authority (NPA). The report reveals a 24.8% increase in total cargo throughput, from 103.6 million metric tons in 2024 to over 129.3 million metric tons in 2025.

Key Highlights:

- Export Growth: Exports accounted for 39% of total cargo throughput, with containerized cargo growing significantly by 25.7% to 2.1 million TEUs. Non-oil exports hit $2.6 billion in H1 2022, a 62.37% increase from the same period in 2021.

- Transshipment Hub: Nigeria has emerged as a pivotal regional logistics and trade hub, with a 205.8% increase in transshipment containers.

- Lekki Port Dominance: Lekki Port handled 40.6% of the nation's total cargo throughput, attracting the largest vessels with an average GRT of 55,712.

Global Comparison:

Similar success stories can be seen in countries like Singapore and the Netherlands, where strategic investments in port infrastructure and logistics have transformed them into major global trade hubs. Singapore's Port, for instance, is one of the busiest and most efficient ports in the world, handling over 37 million TEUs in 2020. Rotterdam Port in the Netherlands is a key European hub, with advanced infrastructure and logistics capabilities. Morocco's Tanger-Med Port is a successful example of port-led development, attracting foreign investment and boosting trade.

Economic Diversification:

The growth is attributed to the Federal Government's economic diversification initiatives, aimed at reducing dependence on crude oil and promoting non-oil sector exports. The NPA's Managing Director, Dr. Abubakar Dantsoho, described the growth as one of the most significant annual increases in Nigeria's maritime history.

Future Prospects:

The Federal Government's port modernization programme and National Single Window system are expected to further drive growth and efficiency. The $1 billion port modernization programme aims to enhance infrastructure, reduce congestion, and boost capacity. The African Continental Free Trade Agreement (AfCFTA) is also expected to boost intra-African trade and investment.

Impact:

Nigeria's efforts to diversify its economy and modernize its ports are expected to drive growth, create jobs, and enhance competitiveness. The country's maritime sector is poised to become a major contributor to the nation's economic development, positioning Nigeria as a more competitive and strategic player in regional and global trade.