Neveah’s new recycling plant to boost non-oil exports

Neveah Limited, an indigenous commodities export company, has announced the imminent commissioning of its state-of-the-art aluminum and copper recycling plant in Ogun State, Nigeria. These multi-billion Naira facilities mark a significant milestone in Nigeria’s industrial and environmental landscape, reinforcing the company’s commitment to sustainability, economic growth, and global standards. Under the leadership of Mr. Ibidapo […]

Neveah Limited, an indigenous commodities export company, has announced the imminent commissioning of its state-of-the-art aluminum and copper recycling plant in Ogun State, Nigeria.

These multi-billion Naira facilities mark a significant milestone in Nigeria’s industrial and environmental landscape, reinforcing the company’s commitment to sustainability, economic growth, and global standards.

Under the leadership of Mr. Ibidapo Lawal, this facility is set to produce 36,000 metric tons of aluminum and 8,100 metric tons of copper annually.

With a monthly production capacity of 3,000 metric tons for aluminum and 675 metric tons for copper, the plant will cater to both local and international markets, reducing Nigeria’s dependence on primary raw material imports while boosting foreign exchange (FX) earnings through exports to Europe, North America, Asia, and Africa.

The Neveah Recycling Plant is not only a game-changer in Nigeria’s industrial sector but also a catalyst for economic growth. The facility is projected to generate over $100 million in annual revenue while significantly contributing to national tax revenues through corporate taxes, VAT, and PAYE contributions.

The plant will create more than 400 direct jobs and up to 6,000 indirect employment opportunities in logistics, raw material supply, and ancillary services. Neveah Limited prioritizes community employment and inclusivity, with a commitment to achieving a 40% female workforce representation.

Mr. Ibidapo Lawal, the driving force behind this initiative, emphasized the strategic importance of the plant, saying: “Our vision for the Neveah Recycling Plant extends beyond profitability; we are committed to sustainable industrialization, economic empowerment, and global competitiveness. This facility represents a bold step towards an environmentally responsible future for Nigeria and Africa.”