Nigeria to build new port

MSC operates the world’s second biggest container fleet whilst Eurogate is Europe’s largest terminal operator. The partners say the new terminal, south of the Wilhelm Kaisen Container Terminal, will attract about half a million more TEUs.

Nigeria has agreed to build a new $400m seaport in Ondo State at a 10,000ha site near Olokola. The federal government in tandem with the provincial governments of Ondo and Ogun will stump up 40% of the investment with the balance being provided by the private sector. In addition to an adjacent free zone, a new road will link the port with Igbokoda.