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Nigeria signs 45-year deal to expand Snake Island Port, aiming for $1B investment boost.
Nigerian Ports Authority (NPA) and Nigerdock have signed a 45-year agreement to develop and expand the Snake Island Port, a major multipurpose facility.
Approved by the Federal Executive Council in 2023, the project aims to attract $1 billion in foreign investment, boosting Nigeria's role in international trade.
The expansion is expected to enhance the Lagos port ecosystem and spur growth in the maritime industry.
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Nigeria firma un acuerdo de 45 años para expandir el puerto de Snake Island, con el objetivo de impulsar la inversión en $1B.