Hard Procurement Deadline
Authorize Community Feasibility Study by Q3 2026
Olusosun and Solous III are in formal 18-month decommissioning from December 2024. Epe landfill is already closed. The Ibeju-Lekki Corridor has no contracted local disposal alternative past mid-2026. Each quarter of delay defers Phase Initial COD by one quarter and costs approximately $960,000 in deferred Circular Royalty receipts. One authorization preserves all optionality.
Six Documents · One Decision
Each document serves a distinct audience and role. Together they form a complete institutional case.
Document 1 of 6 · Waste Feedstock Study
What the Corridor Generates — and Where It Goes
Diagnostic study of Lagos State's waste infrastructure, the Ibeju-Lekki Corridor's 1,330 TPD addressable feedstock, current cost structure, and the disposal crisis created by simultaneous closure of all three nearest sites.
Audience: Technical / Infrastructure · SP-03 Mustard
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Document 2 of 6 · Proposal
The Commercial Structure — COA, TMC Fee, Circular Royalty
30-year Build-Own-Operate offer. $22/ton TMC Fee on actual feedstock delivered. Circular Royalty commences Month 13 at 120% of TMC, escalating +1pp/year. Zero Lagos State capital at any phase. Priority 1 site confirmed within LFTZ South/West Quadrant.
Audience: Municipal Finance / Legal · SP-01 Blue
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Document 3 of 6 · Economic Impact Report
State A vs. State B — The 30-Year Delta Model
Quantifies the difference between the current disposal system and ACM deployment across fiscal, environmental, and employment dimensions. Net positive from Year 2. 30-year cumulative net ~$60M (Phase Initial). Phase Delta Map included.
Audience: Municipal Finance / Elected Officials · SP-01 Blue
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Document 4 of 6 · Decision Brief
One Page. One Action. Q3 2026.
Action instrument for elected officials and senior administrators. States the disposal crisis, fiscal position across all three royalty periods, and the single next action: authorize the Community Feasibility Study. Designed to be read in under two minutes.
Audience: Elected Officials · SP-02 Emerald
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Document 5 of 6 · SPV Finance
Capital Structure, Asset Base & Investor Returns
Institutional-grade SPV financial model. Capital structure: Equity 20% / Grant 15% / Debt 65%. Phase Initial total project capex ~$302.5M. Opening balance sheet, DSCR table, 30-year FCF, COA Reserve and IP License NPV. Prepared under US GAAP.
Audience: Institutional Finance / Investors · SP-05 Mustard-mid
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Document 6 of 6 · Community Benefits
What This Means for Every Household in the Corridor
Plain-language guide for residents and community stakeholders. Explains the Circular Royalty in everyday terms, household savings, before-and-after comparisons, location map, and FAQ. No institutional jargon. No formulas.
Audience: Residents / Community Stakeholders · SP-04 Emerald
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Planning basis: All financial projections use a FWDC estimate of $14/ton and corridor feedstock volume of 1,330 TPD — both ESTIMATED classifications pending verification during the Community Feasibility Study. TMC Fee ($22/ton) and Circular Royalty parameters are modelled from Carbotura standard parameters. Capital figures are formula-derived. No Lagos State budget obligation exists prior to COA execution.