Exclusive Industrial Investment · Ogun State
50 Acres of Granite-Bearing Quarry Land
A rare 20.297-hectare quarry property at Itoku Aro Village, Obafemi/Owode LGA — registered survey, road access, visible granite outcrops, and a direct haul route to the biggest construction market in Africa: Lagos. Buy outright, joint-venture, or operate on lease.
Property overview
Size
50 acres
20.297 hectares, single contiguous parcel
Location
Itoku Aro, via Kajola
Obafemi/Owode LGA, Ogun State
Documentation
Registered Survey
UTM Zone 31 · beaconed boundary (CS/OG)
Asking Price
$500,000
Outright · JV & lease options available
Why this site works as a quarry
Granite at the surface
Extensive visible outcrops and shallow bedrock across the parcel — clear even from a walk-through, with topsoil probes exposing solid rock inches down. Lower stripping cost, faster route to production.
Road access + Lagos proximity
Motorable access to the site boundary and a direct haul corridor toward Abeokuta and the Lagos construction market — where granite aggregate demand consistently outstrips supply.
Water on the land
A stream and a seasonal watercourse cross the eastern boundary — a practical advantage for dust suppression and washing operations most greenfield sites lack.
Clean, beaconed boundary
The full perimeter is professionally surveyed with numbered beacons (CS/OG series) on UTM Zone 31 — no boundary ambiguity, no overlap disputes.
Established quarry corridor
The Itoku/Kajola axis already hosts active quarry operations — community relations, haulage routes, and labour pools are established, not experimental.
Flexible entry
Outright purchase, joint venture with the owner, or an operate-now-pay-per-ton lease. Structures for operators at different capital levels.
Documentation
Registered survey. Beaconed boundary.
- · Area: 20.297 hectares (≈ 50 acres)
- · Location: Itoku Aro Village, via Kajola, Obafemi/Owode LGA, Ogun State
- · Survey origin: U.T.M. Zone 31, plotted at 1:5,000
- · Boundary: 21 numbered survey beacons (CS5001EN–CS5021EN, SC/OG)
- · Natural features: stream and seasonal watercourse on the eastern boundary; road access at the north-west
The full survey plan, coordinates schedule, and title documentation are made available to serious buyers under a simple NDA. Request the pack below.
Request the document pack
Survey plan · 20.297 ha · Itoku Aro, Obafemi/Owode LGA
The rock, on camera
Unretouched site photographs — granite outcrops and shallow bedrock across the parcel.
Watch the 2-minute overview
Engraced Real Estate Limited · site walkthrough and investment case
Why quarry investment in Ogun State, why now
Every road, bridge, estate, and industrial park in the Lagos–Ogun corridor is built on crushed granite — and the corridor is in the middle of a decades-long construction boom. Aggregate demand from Lagos alone consistently outstrips what nearby quarries produce, which is why operators keep expanding along the Abeokuta axis.
Ogun State is deliberately positioned for this: it hosts one of Nigeria's largest concentrations of active quarries, the state actively courts solid-minerals investors through OgunInvest, and federal incentives — from pioneer status tax relief to duty-free import of mining equipment — reduce the cost of entry for serious operators.
This parcel offers what greenfield prospecting cannot: visible granite, a registered survey, road access, water on the land, and a proven quarry neighbourhood — at a price that reflects pre-license entry. Buyers who process the Quarry Lease acquire the margin between raw-land pricing and producing-asset value, in addition to decades of extraction revenue.
Pricing & deal structures
Headline offer
Outright Purchase
$500,000
Full acquisition of the 50-acre titled parcel with registered survey. Clean transfer, immediate control of the asset.
For operators
Joint Venture
Structured equity
Partner with the owner: you bring plant and operations, the land comes in as equity. Terms negotiated against a production plan.
Low entry
Lease / Pay-per-ton
Royalty terms
Operate now and pay per ton extracted — minimal upfront capital, owner retains title. Ideal for mid-size operators scaling up.
All figures are opening terms and subject to negotiation, verification, and contract. Serious buyers receive the full document pack under NDA before any commitment.
Common questions
Q. Where exactly is the quarry located?
At Itoku Aro Village, via Kajola, in Obafemi/Owode Local Government Area of Ogun State — with road access, roughly 30–45 minutes from Abeokuta and about 90 minutes from Lagos.
Q. What documentation does the property have?
A registered survey plan covering 20.297 hectares (about 50 acres), plotted on UTM Zone 31 with 21 numbered survey beacons. The full document pack is shared with serious buyers under NDA.
Q. Is a quarry license included in the sale?
The asset is sold as titled land with visible granite. The buyer processes the Quarry Lease with the Ministry of Solid Minerals — Engraced supports the application and facilitates introductions to the relevant agencies.
Q. Can I lease or joint-venture instead of buying outright?
Yes. Beyond the outright sale, we offer joint-venture and operate-now-pay-per-ton structures for qualified operators — see the deal structures above.
Q. Can I inspect the site before committing?
Absolutely — inspections are arranged by appointment and can be combined with a meeting in Abeokuta. Use the form below or WhatsApp to schedule.
Q. Has the rock been tested?
Surface outcrops are visibly granitic across the parcel. Laboratory rock-test results and any available technical data are included in the buyer document pack; independent testing during due diligence is welcome.
Get the full details
Request the complete pack — survey plan, coordinates, photos, terms, and inspection booking. An Engraced representative responds within one business day.
Prefer to talk? Chat on WhatsApp or call 0916 805 1086