August 11, 2025
Elektron Finance SPV Plc has announced the launch of a ₦200 billion bond programme to finance the completion and commencement of operations for its upcoming industrial plant in Lagos by 2026.
The bond, structured to attract both institutional and retail investors, is part of the company’s strategic financing plan to strengthen its capital base and meet projected operational timelines. According to the firm, proceeds from the issuance will be directed towards construction, equipment procurement, and operational readiness for the plant, which is expected to boost local production capacity and create significant employment opportunities.
Speaking on the development, company executives expressed confidence that the fundraising initiative would accelerate project delivery, noting that strong investor interest is anticipated given the project’s economic potential and the firm’s track record in the Nigerian manufacturing sector.
The new plant is projected to contribute to Nigeria’s industrial growth, enhance value addition, and reduce reliance on imports when it becomes operational in 2026.