Chairman and Chief Executive Officer, Nigerdock, Maher Jarmakani, has said the license granted by the Federal Government for the development and expansion of Snake Island Port in Lagos will facilitate job creation and develop critical infrastructure vital for the nation’s economic growth.
The approval has oversight on the implementation of major infrastructure projects across the country. Jarmakani, said the approval is for Nigerdock to commence an expansion of Snake Island Port, an 85-hectare, multipurpose port facility comprising three terminals located within the Snake Island Integrated Free Zone.
He said this new 45-year concession agreement for Snake Island Port with the Federal Government now allows for an expanded operational scope and will attract about $1 billion in private investment. In addition to its operations in ship repair, logistics, and free zone solutions, Nigerdock had already been in terminal operations following approval from the Nigerian Ports Authority and Nigeria Customs Service .
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