Nigerdock, the promoter of Snake Island Integrated Free Zone, has highlighted that its collaboration with the United Nations Industrial Development Organization (UNIDO) will enhance the adoption of green energy and attract sustainable foreign direct investments to Nigeria.
Maher Jarmakani, the CEO of Nigerdock, announced on Tuesday that a UNIDO delegation comprising representatives from 23 companies visited the company’s office in Lagos to explore partnerships related to investments in renewable energy, green technologies, and agribusiness.
Nigerdock is a Nigerian maritime and logistics company that operates an integrated port and free zone in Lagos, providing services such as terminal operations, marine services, logistics, and free zone solutions.
In February, Nigerdock had announced the completion of the first phase of its transition to renewable energy by installing solar solutions at the Snake Island Integrated Free Zone. The company collaborated with Daystar Power, a solar power company, for this initiative.
Jarmakani emphasized that the collaboration facilitated by UNIDO would lead to the domiciliation of European enterprises and strengthen the partnership between private sector companies in Nigeria and Europe. He expressed confidence that the collaboration would contribute to industrialization, foreign direct investment, job creation, and the increased adoption of green practices in Nigeria.
Nigerdock has a significant global presence and a longstanding commitment to Nigeria’s industrialization and economic development, demonstrated through investments in maritime and logistics infrastructure, sustainable projects, and clean energy initiatives. The company’s free zone, SIIFZ, is described as a strategically located economic development area and industrial hub providing an environmentally sustainable, energy-efficient, and cost-effective setting for global businesses targeting Africa’s fastest-growing markets.
The Private Sector Mission (PSM) companies participating in the collaboration specialize in sustainable packaging, circular economy, and waste management. The PSM initiative followed the visit of German Chancellor Olaf Scholz to Nigeria, reflecting the close relationship between Nigeria and Germany.
Scholz highlighted the potential for greater cooperation and investment between the two countries. UNIDO ITPO Germany’s Deputy Head of Office, Michael Schmidt, expressed dedication to industrial park development in developing countries, emphasizing the valuable opportunity for cross-collaboration with Nigerdock’s infrastructure goals.