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Stanbic IBTC, SIFAX Group partner for Ijora Terminal development

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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