Snake Island Port

Aerial view of 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

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.

References

1. Rahman, Syed Rakin (2023-05-24). "Nigerdock gets government nod for Snake Island Port". Port Technology International. Retrieved 2025-05-28.
2. "Nigeria's Snake Island Port to be expanded under new concession deal". Baird Maritime / Work Boat World. 2024-12-03. Retrieved 2025-05-28.
3. Chambers, Sam (2024-12-03). "Lagos gets another port". Splash247. Retrieved 2025-05-28.
4. "Snake Island Port Signs 45-Year Concession Agreement with Nigerian Ports Authority". Ships & Ports. 2024-11-29. Retrieved 2025-05-28.
5. Moyinoluwa, Azeez (2023-06-02). "FG's approval of Snake Island Port to unlock $1 billion in private investment". Businessday NG. Retrieved 2025-05-28.
6. Rahman, Syed Rakin (May 24, 2023). "Nigerdock gets government nod for Snake Island Port". Port Technology International.
7. "Snake Island Integrated Free Zone". Business Setup. Retrieved 2025-05-28.
8. "Cablegate: Nigerdock: Story of a Privatization". Scoop News. 27 November 2001. Retrieved 2025-05-28.
9. "Nigerdock Gets New Investors, Md". All Africa.
10. Babalola, Yusuf (2023-06-02). "Nigerdock To Invest $1.85bn In Snake Island Port Devt". leadership.ng. Retrieved 2025-05-28.
11. "Nigerdock Gets FG's Approval for Expansion of Multi-billion Dollar Snake Island Port". thisdaylive.com. Retrieved 2025-05-28.
12. Agha, Eugene (2024-11-29). "Snake Island Port secures 45-year concession deal with NPA". Daily Trust. Retrieved 2025-05-28.

6°25′30″N3°20′24″E / 6.425°N 3.340°E / 6.425; 3.340