Nigeria's Snake Island Port to be expanded under new concession deal

Nigerian logistics specialist Nigerdock has entered into an agreement with the Nigerian Ports Authority (NPA) for the commencement and expansion of Snake Island Port, an 85-hectare, multipurpose port facility comprising three terminals located within the Snake Island Integrated Free Zone in Lagos.

The approval for the project was granted in 2023 by the Federal Executive Council (FEC), which has oversight on the implementation of major infrastructure projects across the country. The concession is for a period of 45 years with an optional extension.

Nigerdock Chairman and CEO Maher Jarmakani said the collaboration with NPA at Snake Island Port will bring in an estimated US$1 billion in foreign direct investment and further enhance Nigeria’s position in international trade.

Nigerdock was awarded Free Zone and Port Status by the Presidency in 2005, leading to the establishment of the Snake Island Integrated Free Zone. The NPA and the Nigeria Customs Service also approved direct shipping for the facility in 2017, with the NPA giving its approval for cargo handling operations in 2021.