Nigerdock, a Nigerian maritime and logistics company, and Snake Island Integrated Free Zone, an economic development area, have received approval from the Federal Government of Nigeria for the commencement and expansion of Snake Island Port, an 850,000 m² facility.
Snake Island Port is a multipurpose port facility comprising three terminals located within Snake Island Integrated Free Zone.
The approval was granted on 17 May 2023 by the Federal Executive Council (FEC), which has oversight on the implementation of major infrastructure projects across the country.
This new 45-year concession agreement for Snake Island Port with the Federal Government now allows an expanded operational scope and also aims to attract around US$1 billion in private investment.
