Plant and pipeline

The Lekki-Epe plant: site, financing and the milestones to first production.

Bastion Concrete Industries LimitedRC 9689301

The site

Idera Industrial Scheme.

The plant site is on the Lekki-Epe corridor, where Lagos is growing fastest, between the city and the Lekki Free Zone and deep-sea port.

Site: Idera Industrial Scheme, Lekki-Epe corridor, Lagos
Coordinates: 6°29′24.71″N 3°50′01.31″E
Site area: 5 hectares
Production line: MASA L 9.1 automated line
Rated capacity: 11.75 million units a year on two shifts
First production: Targeted Q1 2028
Financing structure: Development-bank senior debt, German export-credit cover on the equipment, promoter and co-investor equity

Milestones

This list is updated as each milestone is reached.

Site selected
Idera Industrial Scheme, Lekki-Epe corridor, Lagos.
Done
Equipment supplier selected
MASA GmbH, Germany.
Done
Investment case completed
Lender-standard business plan and financial model completed.
Done
Financing structured
Development-bank senior debt, German export-credit cover on the equipment, and promoter and co-investor equity.
Done
Financial close
Facilities signed and first drawdown.
Next
Construction and installation
Plant buildings, MASA line installation and commissioning support.
Planned
First production
Commissioning, test results published, first deliveries. Targeted Q1 2028.
Planned

Lenders, co-investors and offtakers can request the information memorandum.