Nigerian company Insight Dynamics Resources (IDR) and US engineering firm AECOM recently proposed a partnership with the Nigerian government to develop an integrated multimodal logistics system for African Continental Free Trade Area (AfCFTA) trade integration. This will be done in partnership with the ministry of industry, trade and investment.
The system will comprise five component modes that have to be interlinked and function in a seamlessly integrated manner to actualise the vision and goals of the project.
The proposed facilities include a gateway multimodal smart port, with a 5.6-km runway for an air cargo terminal within the complex and an automobile assembling unit plant with a capacity of over a million vehicles a year that would be built between Lagos and Ogun state.
The port will have a draught capacity of 50 metres to receive Valemax size ships or 400,000 deadweight bulk-cargo ships. The will have a 350 million throughput capacity and 15 million TEUs annual capacity by 2027, according to Nigerian media reports.
The project might cost nearly $50 billion and will have about 830,000 employees during construction phases and will generates more than 15 million employment through value chain optimisation.
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