LAGOS PORT TERMINAL TO RECEIVE $50 MILLION CAPACITY UPGRADE

A major terminal at the Lagos port is set to undergo a $50 million capacity upgrade aimed at improving efficiency, cargo handling, and overall port operations.

Officials said the investment is expected to modernise infrastructure at the facility, reduce congestion, and enhance turnaround time for vessels and cargo clearance processes.

According to stakeholders in the maritime sector, the upgrade will include expansion of handling equipment, improvement of storage facilities, and adoption of more advanced digital systems for port management.

They noted that the project aligns with broader efforts to position Nigeria’s ports as more competitive within the West African sub-region.

Industry operators say the upgrade could also reduce logistics costs for importers and exporters, while improving trade facilitation across supply chains.

The port authority emphasised that improved infrastructure is essential to attracting more shipping lines and increasing cargo throughput in Lagos.

Experts believe the investment will strengthen Nigeria’s maritime economy and support ongoing reforms in the transport and logistics sector.

The project is expected to be implemented in phases to minimise disruption to ongoing port activities.