Trending Global shipping giant MSC has entered into a long-term concession agreement lasting 45 years with Nigerian maritime firm Nigerdock to build and manage a new container terminal at Snake Island Port in Lagos.
The Switzerland-based company disclosed that the project forms part of its broader $1 billion infrastructure and logistics investment plan in Nigeria, aimed at strengthening the country’s maritime and supply-chain capacity.
Industry observers note that major international shipping operators are increasingly seeking strategic, long-term investments in emerging markets as global trade routes and logistics systems continue to evolve.
Nigeria — the continent’s largest economy — has for years struggled with persistent congestion at its main Lagos seaports, a challenge that has affected cargo clearance timelines and increased shipping costs.
According to MSC, the new terminal will be constructed by ITB Nigeria in collaboration with DEME Group and is projected to become operational by 2028.
The facility is expected to cover about 30 hectares and include a 910-metre quay, designed to accommodate ship-to-shore equipment as well as mobile harbour cranes. It will be capable of servicing both large ocean-going vessels and inland barges, thereby improving cargo handling efficiency.
MSC President Diego Aponte stated that the development is intended to create new business opportunities, improve operational performance and position Snake Island Port as an important hub within global shipping networks.
Snake Island Port itself occupies approximately 85 hectares and is operated by Nigerdock as a key maritime and logistics base. The complex currently consists of three separate terminals serving activities within the Lagos port system.
