In performing its regulatory functions, the Council:

1. Sets, monitors and enforces standards of service delivery, ensures stability, accessibility and adequacy of services;
2. Determines, provides and cause to be published guidelines for the registration of regulated service providers specifying, among other things, the terms and conditions for the registration;
3. Provides guidelines on tariffs and charges (setting minimum and maximum levels) in order to guard against abuse of monopoly or dominant market position (encourages competition among regulated service providers);
4. Coordinates inter-modal transport;
5. Regulates market entry and exit;
6. Performs mediatory role among stakeholders;
7. Establishes accessible and modern dispute resolution mechanism;
8. Promotes efficiency in the provision of port services;
9. Minimizes cost of doing business and its inflationary effect on Nigerian economy;
10. Encourages private sector investment in the port sector;
11. Monitors and ensures compliance by all parties, with the provisions of the Port Concession Agreements.