Snake Island Port
Port facility in Lagos, Nigeria
From Wikipedia, the free encyclopedia
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
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
The port is projected to attract approximately $1 billion in foreign direct investment (FDI).[5]
History
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
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]