The concession is for a period of 45 years with an optional
extension.
Nigerdock’s chairman and CEO, Maher Jarmakani,
said: “Snake Island Port is a landmark collaboration between the Federal
Government of Nigeria and Nigerdock that will bring in $1bn in foreign direct
investment and further enhance Nigeria’s position in international trade.”
Snake Island
Integrated Free Zone is an economic development area located in the main
harbour of Lagos.