The Manager of the Snake Island Free Trade Zone, Nigerdock, has said that the expansion approval given to the zone by former President
He added that the firm was acquired in 2003 by Jagal, a diversified Nigerian conglomerate.
Jarmakani said after the acquisition Nigerdock embarked on an ambitious expansion programmer, investing heavily in new infrastructure, equipment and facilities, rapidly expanding the company’s workforce, increasing productivity, and improving efficiency. “As a result of the investments, Nigerdock was able to significantly improve its capabilities and expand its service offerings. The company became a leading service provider to the offshore oil and gas sectors providing EPC fabrication, marine services and supply base logistics. It played a central role in the growth of Nigeria’s local content capacity and the local development of the country’s energy assets.
He said that the company was awarded Free Zone and Port Development Status by the Presidency in 2005 for its 252 hectares of land at Snake Island, Lagos, which led to the establishment of the Snake Island Integrated Free Trade Zone. “In 2017, approval was granted by the Nigerian Ports Authority and the Nigeria Customs Service for direct shipping, underscored by the company’s scale-up efforts to expand its Free Zone and Port Terminal operations, serving as a hub for strategic logistics and manufacturing businesses to set up. This was followed by registration of the Company by the Nigerian Maritime Administration and Safety Agency as a terminal operator,” Jarmakani added.All rights reserved.
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