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Stanbic IBTC, SIFAX Group partner for Ijora Terminal development

Tribune Online Stanbic IBTC, SIFAX Group partner for Ijora Terminal development According to the Chief Investment Officer of Stanbic IBTC Infrastructure Fund, Mr. Dolu Olugbenjo, “This project offers a unique opportunity to contribute to the development of the maritime sector in Nigeria, which is crucial for the country's economic prosperity. Stanbic IBTC, SIFAX Group partner for Ijora Terminal development Tribune Online



Stanbic IBTC and SIFAX Group are partnering to develop an ultra-modern port terminal on 8.3 hectares in Ijora, Lagos, to address capacity needs in Nigeria's maritime industry. The project includes a new container terminal, quay wall construction, harbor dredging, and equipment procurement, aiming to reduce congestion at Apapa and Tincan Ports. The partly operational terminal aligns with Stanbic IBTC's commitment to infrastructure development and is expected to create jobs, improve trade flows, and contribute to sustainable development goals.

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