Lagos gets another port

Lagos gets another port 

Nigerian maritime and logistics company, Nigerdock, has completed an agreement with the Nigerian Ports Authority (NPA) for the commencement of operations of Snake Island Port in Lagos.

Snake Island Port is an 85-hectare, multipurpose port facility comprising three terminals located within the Snake Island Integrated Free Zone in Lagos.

The concession is for a period of 45 years with an optional extension.

Nigerdock’s chairman and CEO, Maher Jarmakani, said: “Snake Island Port is a landmark collaboration between the Federal Government of Nigeria and Nigerdock that will bring in $1bn in foreign direct investment and further enhance Nigeria’s position in international trade.”

Snake Island Integrated Free Zone is an economic development area located in the main harbour of Lagos.(www.amatropics.com)