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Nigeria maritime trade up, cargo throughput hits 32.38 M tons

Nigeria’s maritime sector experienced significant growth in the first quarter, with total cargo throughput reaching 32.38 million metric tonnes, marking […]

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Nigeria’s maritime sector experienced significant growth in the first quarter, with total cargo throughput reaching 32.38 million metric tonnes, marking an 11.6 percent increase compared to the same period last year. This rise is indicative of higher trade volumes, enhanced import-export activity, and improved port productivity across the nation.

Data from the Nigerian Ports Authority (NPA) reveals that the gross registered tonnage (GRT) for ocean-going vessels increased by 19.5 percent to 46.75 million tonnes. This shift towards larger and more efficient ships is linked to the operational impact of the Lekki Deep Sea Port and the growing demand at the country’s terminals, as highlighted in the NPA’s Q1 Operational Performance Review.

Outward cargo traffic was a key contributor to this performance surge, climbing 23.7 percent to 14.13 million tonnes. Notably, container exports saw a remarkable increase, with laden container traffic rising 67.6 percent to 102,803 TEUs, up from 61,332 TEUs the previous year. This growth can be attributed to improved export logistics, enhanced terminal efficiency, and deeper integration into regional and global supply chains.

Vehicle handling also witnessed substantial growth, with the number of processed units increasing by 67 percent to 58,870, compared to 35,262 in the prior year. Additionally, transshipment activity surged by 83.1 percent, highlighting Nigeria’s emerging role as a regional hub for West African cargo movement, which aligns with the objectives of the African Continental Free Trade Area (AfCFTA).

NPA Managing Director Dr. Abubakar Dantsoho emphasized that the sector’s momentum relies on ongoing reforms. During a forum in Lagos, he called for a “paradigm shift” towards the full utilization of marine resources, stressing that efficiency, speed, innovation, and reliability will determine which nations dominate future cargo flows under AfCFTA. He pointed out the importance of ongoing infrastructure upgrades, digitalization efforts, and institutional restructuring to position Nigeria as a leading maritime logistics center.

The federal government is supporting these reforms with a $1 billion overhaul of the Lagos Port Complex and Tin Can Island Port, following a newly signed memorandum of understanding. This investment aims to address longstanding infrastructure gaps and enhance competitiveness in an increasingly integrated African market.

Analysts observe that the rising transshipment volumes suggest Nigeria is starting to capture a larger share of intra-regional cargo, a development that could lead to increased revenue streams and job creation throughout the logistics ecosystem. The sector’s performance also reflects broader economic confidence, as traders respond positively to streamlined procedures and improved port services.

Looking ahead, the NPA anticipates continued momentum as additional deep-water terminals become operational and digital platforms enhance customs and clearance processes. Sustained growth will depend on maintaining terminal efficiency, expanding hinterland connectivity, and ensuring that policy frameworks evolve in line with the changing trade environment.

The first-quarter results position Nigeria’s maritime sector as a crucial driver of economic growth and a vital gateway for African trade under AfCFTA, reinforcing the country’s ambition to become the continent’s premier port hub.

Ifunanya

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