By Faridat Salifu
Neveah Limited, a leading indigenous commodities export company, is set to launch a state-of-the-art aluminum and copper recycling plant in Ogun State, Nigeria.
The multi-billion Naira facility, which is expected to be commissioned in the first quarter of 2025, aims to enhance Nigeria’s non-oil export capacity by an estimated $100 million annually.
The new plant will produce 36,000 metric tons of aluminum and 8,100 metric tons of copper each year.
With a monthly production capacity of 3,000 metric tons for aluminum and 675 metric tons for copper, the facility is designed to cater to both local and international markets, thereby reducing Nigeria’s dependence on imported raw materials.
“This recycling plant is a transformative initiative for our industrial sector,” said Lawal. “It will not only generate significant revenue but also support our commitment to sustainability and economic empowerment.”
The Neveah Recycling Plant is projected to create over 400 direct jobs and up to 6,000 indirect employment opportunities in logistics, raw material supply, and ancillary services.
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The company is particularly focused on community engagement, aiming for a workforce that includes 40% women.
In addition to its economic benefits, the plant is anticipated to have a positive environmental impact.
It is expected to reduce CO₂ emissions by approximately 377,460 tons annually—equivalent to taking 82,000 cars off the road. Furthermore, it will conserve 616 million kWh of energy each year, enough to power 57,500 households, while diverting 55,400 metric tons of scrap from landfills.
The initiative underscores Neveah Limited’s commitment to supporting Nigeria’s economic diversification agenda.
The recycling plant is set to foster industrial growth and align with Nigeria’s low-carbon economy goals and global Environmental, Social, and Governance (ESG) standards.
As the commissioning date approaches, Neveah Limited is dedicated to transforming the recycling landscape, creating lasting economic value, and driving sustainable development in Nigeria and beyond.
“Our vision extends beyond profitability; we aim to build an environmentally responsible future for Nigeria and Africa,” Lawal emphasized.
