By Nnasom David

Ogun State, Nigeria — Indigenous commodities export company Neveah Limited has announced the commissioning of its state-of-the-art aluminum and copper recycling plant, set to transform Nigeria’s industrial and environmental landscape.

In a statement made available on Monday, the company highlighted the plant’s role in driving sustainability, economic growth, and global competitiveness under the visionary leadership of Mr. Ibidapo Lawal.

The cutting-edge facility, located in Ogun State, boasts an annual production capacity of 36,000 metric tons of aluminum and 8,100 metric tons of copper. With monthly outputs of 3,000 metric tons for aluminum and 675 metric tons for copper, the plant will serve both local and international markets, reducing Nigeria’s reliance on primary raw material imports and boosting foreign exchange earnings through exports to Europe, North America, Asia, and Africa.

The facility is projected to generate over $100 million in annual revenue, contributing significantly to national tax revenues through corporate taxes, VAT, and PAYE. It is expected to create over 400 direct jobs and up to 6,000 indirect employment opportunities across logistics, raw material supply, and ancillary services.

Neveah Limited emphasized its commitment to inclusivity, aiming for 40% female workforce representation while prioritizing community employment.

As global industries transition towards eco-friendly production, the recycling plant will play a key role in reducing carbon emissions by an estimated 377,460 tons annually — the equivalent of removing 82,000 cars from the road. Additionally, it will conserve 616 million kWh of energy per year, enough to power 57,500 households, while diverting 55,400 metric tons of scrap from landfills and preserving approximately 549,000 metric tons of raw materials, mitigating the environmental impact of mining activities.

Mr. Lawal underscored the strategic importance of the project, stating:

“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 toward an environmentally responsible future for Nigeria and Africa.”

A Greener Future for Nigeria

As the commissioning date approaches in Q1 2025, Neveah Limited remains focused on transforming industrial recycling, driving sustainable development, and enhancing Nigeria’s non-oil exports. With this groundbreaking project, the company reaffirms its commitment to fostering industrial growth, local material processing, and alignment with global Environmental, Social, and Governance (ESG) standards.

The recycling plant is set to be a game-changer, propelling Nigeria toward a greener and more economically sustainable future.