Global shipping giant Mediterranean Shipping Company (MSC) has secured a 45-year concession agreement with Nigerian maritime and logistics firm Nigerdock to develop and operate a new container terminal at Snake Island Port in Lagos, Nigeria’s commercial hub, as reported by Reuters.
The terminal project forms part of MSC’s broader $1 billion investment in Nigeria’s port and logistics infrastructure, aimed at easing congestion and strengthening cargo handling capacity at the country’s busiest maritime gateway. Nigeria has long faced port bottlenecks in Lagos, making new infrastructure critical for improving trade efficiency.
According to MarketScreener, the new facility will cover about 30 hectares and feature a 910-metre quay, designed to handle both deep-sea vessels and barges using modern ship-to-shore and mobile harbour cranes. Construction will be carried out by ITB Nigeria and DEME Group, with completion expected by 2028, Reuters reported.
MSC President Diego Aponte said the project will enhance port efficiency, expand Nigeria’s maritime capacity, and strengthen Lagos’s role as a major shipping hub in West Africa, while also supporting trade growth and job creation in the region.
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