Stanbic IBTC Infrastructure Fund Backs SIFAX on Ijora Terminal

Stanbic IBTC Infrastructure Fund has announced its financial backing for SIFAX Group’s Ijora Terminal project, a move aimed at enhancing Nigeria’s port infrastructure and logistics capabilities. The investment will support the development and expansion of the terminal, which is expected to ease cargo movement and reduce congestion at Lagos ports.

According to stakeholders, the Ijora Terminal project aligns with Nigeria’s broader efforts to improve trade facilitation and modernize its transport infrastructure. By providing critical funding, Stanbic IBTC Infrastructure Fund is enabling SIFAX Group to develop a world-class facility equipped with modern cargo handling systems, warehousing solutions, and multimodal transport access.

SIFAX Group, a leading player in Nigeria’s maritime and logistics sector, has expressed confidence that the project will significantly boost efficiency in cargo clearance and distribution. The Ijora Terminal is strategically located to serve businesses in Lagos and beyond, offering an alternative to the congested Apapa and Tin Can Island ports.

Industry experts have lauded the investment, highlighting its potential to enhance Nigeria’s supply chain network, create employment opportunities, and attract more private sector participation in infrastructure development. Many believe that such collaborations between financial institutions and logistics firms are essential for bridging the country’s infrastructure gap.

Stanbic IBTC reiterated its commitment to funding key infrastructure projects that drive economic growth, improve trade competitiveness, and support industrialization. As work progresses on the Ijora Terminal, expectations are high that the facility will play a critical role in easing the movement of goods and boosting Nigeria’s maritime sector.