Oyetola Unveils NPERA Act 2026, Logo to Strengthen Nigeria’s Port Regulation

Oyetola Unveils NPERA Act 2026, Logo to Strengthen Nigeria’s Port Regulation

The Minister of Marine and Blue Economy, Dr. Adegboyega Oyetola, has unveiled the gazetted Nigerian Ports Economic Regulatory Agency (NPERA) Act, 2026, alongside the agency’s corporate logo, marking a new phase in the regulation of Nigeria’s port economy.

The unveiling took place during the Ministry’s Third Quarter 2026 Citizens’ and Stakeholders’ Engagement held in Victoria Island, Lagos.

Oyetola described the development as a major milestone in the country’s maritime sector, noting that the Act, which received President Bola Ahmed Tinubu’s assent in June 2026, provides a statutory framework for strengthening port economic regulation, boosting investor confidence and improving Nigeria’s maritime competitiveness.

The minister disclosed that a ministerial committee had been directed to oversee the transition of the Nigerian Shippers’ Council into NPERA, following nearly two decades of efforts to establish a dedicated framework for port economic regulation.

He charged the new agency to uphold independence, impartiality and accountability in carrying out its responsibilities, which include regulating tariffs and charges, promoting fair competition, enforcing service standards, resolving commercial disputes and protecting the interests of port users.

Oyetola stressed that NPERA must operate as an impartial regulator, free from conflicting regulatory and operational responsibilities, to strengthen stakeholders’ confidence and create a more transparent and predictable business environment.

He said effective port economic regulation would support sustainable growth in the maritime sector, encourage investment and enhance Nigeria’s competitiveness in regional and international trade.

Oyetola Unveils NPERA Act 2026, Logo to Strengthen Nigeria’s Port Regulation