Minister of Marine and Blue Economy, Adegboyega Oyetola, has commended President Bola Ahmed Tinubu for assenting to the Nigerian Ports Economic Regulatory Agency (NPERA) Bill, 2026, describing the development as a major milestone in the ongoing reform of Nigeria’s maritime sector.
Oyetola said the presidential assent to the legislation would pave the way for the establishment of a dedicated, robust and independent economic regulator for the nation’s ports, capable of promoting transparency, efficiency and competitiveness.
In a statement posted on his official X account, the Minister expressed appreciation to President Tinubu for what he described as visionary leadership and unwavering commitment to transforming the maritime industry and unlocking the immense potential of the Blue Economy.
According to Oyetola, the presidential assent is a significant step towards building a globally competitive maritime economy and unlocking the full potential of Nigeria’s Blue Economy.
“I thank His Excellency, President Bola Ahmed Tinubu, GCFR, for assenting to the Nigerian Ports Economic Regulatory Agency (NPERA) Bill, 2026, paving the way for a dedicated, robust and independent economic regulator for our ports,” Oyetola stated.
He explained that the legislation would provide a stronger legal basis for the regulation of tariffs, charges, competition, licensing and the resolution of commercial disputes within the port industry.
The Minister noted that the establishment of an independent economic regulator would bring greater certainty, transparency and efficiency to port operations, thereby enhancing investor confidence and improving the ease of doing business in Nigeria’s maritime sector.
“This landmark legislation will strengthen the regulation of tariffs, charges, competition, licensing and commercial disputes, bringing greater certainty, transparency and efficiency to Nigeria’s port sector,” he said.
Industry stakeholders have long advocated for an independent port economic regulator to address concerns over arbitrary charges, promote fair competition among operators and ensure a more transparent and predictable business environment.
Analysts believe that the enactment of the NPERA Bill would help streamline port operations, improve service delivery and position Nigerian ports to compete more effectively with leading maritime hubs across Africa and beyond.
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