Apapa, Busiest Port In Nigeria, Dominates with 77% Share of Revenue
A recent analysis of Nigeria’s port activities from 2018 to 2024 has revealed that the Apapa Port is the country’s leading trade hub, accounting for a staggering 77.04% of all trade conducted during the period.
The port’s total trade value stood at ₦303.51 trillion, dwarfing the combined efforts of the other 11 major ports in the country.
The Apapa Port’s dominance is a testament to its strategic location and world-class infrastructure, which have made it the preferred destination for importers and exporters.
The port’s facilities and services have been upgraded over the years, enabling it to handle large volumes of cargo efficiently and effectively.
In second place is the Tin Can Island port, which accounted for 8.36% of the country’s trade, with a total value of ₦32.94 trillion.
The Port Harcourt port came in third, with a 6.81% share and a total trade value of ₦26.85 trillion.
The Muhammed Murtala Cargo port and the Tincan Bonded Ware/House rounded off the top five, with shares of 2.13% and 1.11%, respectively.
The analysis also highlighted the regional distribution of Nigeria’s ports, with the Southwest (SW) region hosting the top two ports, Apapa and Tin Can Island.
The South-South (SS) region is home to the Port Harcourt and Warri ports, while the North-Central (NC) region has the Abuja Airport. The Northwest (NW) region has the Kano Airport, which ranked 12th in terms of trade value.
The top 12 ports in Nigeria, in terms of trade value, are:
1. Apapa Port – ₦303.51 trillion
2. Tin Can Island – ₦32.94 trillion
3. Port Harcourt – ₦26.85 trillion
4. Muhammed Murtala Cargo – ₦8.38 trillion
5. Tincan Bonded Ware/House – ₦4.36 trillion
6. Ptml Customs Office – ₦3.38 trillion
7. Kirikiri Lighter Terminal – ₦2.30 trillion
8. Warri Port – ₦2.30 trillion
9. Abuja Airport – ₦1.50 trillion
10. Mhd Murtala International – ₦1.39 trillion
11. Lekki Deep Sea Port – ₦1.29 trillion
12. Kano Airport – ₦1.05 trillion
The Apapa Port’s dominance of Nigeria’s trade landscape is expected to continue, given its strategic location and ongoing efforts to upgrade its facilities.
However, other ports, such as the Lekki Deep Sea Port, are being developed to increase the country’s trade capacity and reduce congestion at the Apapa Port.
In conclusion, the Apapa Port has emerged as Nigeria’s trade hub, accounting for over 77% of the country’s trade between 2018 and 2024. Its dominance is a testament to its world-class infrastructure and strategic location, and it is expected to continue playing a leading role in Nigeria’s trade landscape for years to come.
