The Senior Staff Association of Statutory Corporations and Government-Owned Companies (SSASCGOC), Maritime Branch, said the Federal Government’s recent 70 per cent deduction from the Nigerian Ports Authority’s (NPA) internally-generated revenue (IGR) has deprived the agency of funds needed to maintain critical ports infrastructure, provide services to vessels and meet payroll and third-party obligations.

Speaking at the 53rd Joint Consultative Council (JCC) meeting in Ijebu‑Ode, Ogun state, SSASCGOC Maritime Branch President, Akinola Bodunde, said policy interventions that reduce the NPA’s share of IGR is pushing the authority toward financial collapse and undermining port operations across the country.

“The continuous starvation of funds resulting from various policy interventions is a catastrophic trend threatening the survival of the Nigerian Ports Authority,” Bodunde said.

The President added that the NPA was able to access only about 29 per cent of its revenue in 2025 despite earlier assurances of a more favourable ratio.

The union demanded that the NPA retain 70 per cent of its IGR, arguing that the current 70:30 split in favour of the federal government leaves the authority unable to perform essential functions.

SSASCGOC also opposed any formula that leaves the NPA with an insufficient share of its earnings.

Bodunde warned that fresh deductions tied to the NPA’s equity contribution to the Port Modernisation Project are being taken from an already depleted revenue base, further undermining the authority’s operations and workers’ welfare.

He said the deductions have begun to affect staff welfare and other operational matters, noting that the NPA also bears day‑to‑day costs, such as the cost of powering generators across the ports.

The union urged a rethink of the revenue allocation and warned that failure to address its demands could leave it “with no option but to proceed with industrial action.”

He added that negotiations with the government would continue to preserve the NPA’s existence, warning that the federal government’s heavy financial demands are strangling the authority.

Bodunde, however, commended the NPA management for its support since inception and praised the cooperative relationship between management and the union.