 has signed a 45-year sub-concession with Nigerdock to develop a 30-hectare container terminal at Snake Island Port, Lagos, boosting foreign investment and maritime growth in Nigeria.){kind=link}
The world’s largest shipping line, Mediterranean Shipping Company (MSC), has entered a 45-year sub-concession agreement with Nigerdock to develop, operate, and maintain an exclusive 30-hectare container terminal at Snake Island Port.
Scheduled for completion in 2028, the new terminal is expected to attract substantial foreign direct investment into Nigeria’s maritime and logistics sector. The project includes a 910-meter quay wall, six Ship-to-Shore (STS) cranes, two ship berths, three barge berths, and a draft depth of up to 18 meters, according to Nigerdock CEO Maher Jarmakani.
“We are thrilled to take this step forward in our partnership with MSC to develop a world-class container terminal within Snake Island Port. This gives the world’s leading shipping line a home in Nigeria and brings significant foreign direct investment into the country to accelerate growth in the maritime and logistics industry,” Jarmakani said.
MSC President Diego Aponte emphasized the company’s commitment to providing high-quality service across Nigeria and Africa.
“Completing this key phase in the development of Snake Island Container Terminal with Nigerdock and our trusted partners demonstrates MSC Group’s commitment to providing excellent service to our customers in Nigeria and throughout Africa,” he said.
Aponte added that the terminal “will open up opportunities, enhance efficiency, and elevate Snake Island Port as a major global shipping center. Together with our Group’s other long-term investments in Nigeria, it will generate many local jobs and significantly increase economic revenue and resilience.”
Snake Island Port, an 85-hectare facility operated by Nigerdock, currently comprises three terminals that have strengthened Lagos Port’s capacity and operations. Nigerdock operates an integrated port and free zone in Lagos, facilitating trade between Africa and the global market.
Founded in 1970 by Gianluigi Aponte, MSC is headquartered in Geneva, Switzerland, and remains a global leader in transportation and logistics.