Snake Island Port
Snake Island Port is a multipurpose port facility located within Snake Island Integrated Free Zone in Lagos, Nigeria.
The port covers an area of 85 hectares and includes three terminals with a total quay length of 2.5 kilometres.
Government approval and development
[edit]The development of Snake Island Port was approved by the Federal Executive Council of Nigeria on 26 May 2023.[1]
Snake Island Port entered into a 45-year concession agreement with the Nigerian Ports Authority on 27 November 2024.[2][3][4]
Nigerdock, in collaboration with the Snake Island Integrated Free Zone, is responsible for managing the port's construction and operations.
Economic impact
[edit]The port is projected to attract approximately $1 billion in foreign direct investment (FDI).[5]
History
[edit]In 2005, Nigerdock, a Nigerian maritime and logistics company, was granted Free Zone and Port Status by the Presidency,[6] leading to the establishment of the Snake Island Integrated Free Zone (SIIFZ).[7] The company had previously been privatised in 2001[8] and acquired by the Jagal Group in 2003.[9]
Subsequent developments included approvals from the Nigerian Ports Authority (NPA) and the Nigeria Customs Service in 2017 for direct shipping operations, with the NPA authorising cargo handling activities in 2021.[10]
Recent news
[edit]In May 2023, Nigerdock secured approval for the commencement and development of Snake Island Port from the Federal Executive Council of Nigeria.[11] This was followed by a 45-year concession agreement with the Nigerian Ports Authority (NPA) in November 2024[12] to oversee the port's development and operations.
In March 2026, Mediterranean Shipping Company (MSC) signed a 45-year sub-concession agreement with Nigerdock to develop and operate an exclusive container terminal spanning 30 hectares within Snake Island Port.[13]
References
[edit]- ↑ Rahman, Syed Rakin (2023-05-24). "Nigerdock gets government nod for Snake Island Port". Port Technology International. Retrieved 2025-05-28.
- ↑ "Nigeria's Snake Island Port to be expanded under new concession deal". Baird Maritime / Work Boat World. 2024-12-03. Retrieved 2025-05-28.
- ↑ Chambers, Sam (2024-12-03). "Lagos gets another port". Splash247. Retrieved 2025-05-28.
- ↑ "Snake Island Port Signs 45-Year Concession Agreement with Nigerian Ports Authority". Ships & Ports. 2024-11-29. Retrieved 2025-05-28.
- ↑ Moyinoluwa, Azeez (2023-06-02). "FG's approval of Snake Island Port to unlock $1 billion in private investment". BusinessDay. Lagos, Nigeria. Retrieved 2025-05-28.
- ↑ Rahman, Syed Rakin (May 24, 2023). "Nigerdock gets government nod for Snake Island Port". Port Technology International.
- ↑ "Snake Island Integrated Free Zone". Business Setup. Retrieved 2025-05-28.
- ↑ "Cablegate: Nigerdock: Story of a Privatization". Scoop News. 27 November 2001. Retrieved 2025-05-28.
- ↑ "Nigerdock Gets New Investors, Md". All Africa.
- ↑ Babalola, Yusuf (2023-06-02). "Nigerdock To Invest $1.85bn In Snake Island Port Devt". Leadership. Retrieved 2025-05-28.
- ↑ "Nigerdock Gets FG's Approval for Expansion of Multi-billion Dollar Snake Island Port". This Day. Retrieved 2025-05-28.
- ↑ Agha, Eugene (2024-11-29). "Snake Island Port secures 45-year concession deal with NPA". Daily Trust. Retrieved 2025-05-28.
- ↑ "Shipper MSC secures 45‑year Lagos port concession with Nigerdock". Reuters. Retrieved 2026-03-12.