Neveah Limited has announced the successful commencement of production at its state-of-the-art aluminum and copper recycling plant in Ogun State, Nigeria.
The facility, a multi-billion Naira investment, is designed to process over 44,000 metric tons of aluminum and copper annually.
It is expected to generate more than $150 million in export revenue, create 500 direct and over 6,000 indirect jobs, and reduce carbon emissions by over 377,000 tons each year.
Marking a strong start, Neveah revealed that the plant has already produced its first set of aluminum ingots, achieving an impressive 85.1 per cent purity level.
According to the CEO of Neveah, Ibidapo Lawal, the use of cutting-edge technology guarantees that each ingot produced not only meets but exceeds international quality benchmarks.
This, he emphasised, underscores the company’s dedication to delivering premium-grade, export-ready products.
“This milestone is more than just production; it’s a glimpse into our future,” Lawal said. “We are not just recycling; we are redefining how Africa contributes to the global circular economy.”
Building on this achievement, he noted that the plant’s environmental and economic advantages are in line with Neveah’s broader mission to promote sustainable growth and support Nigeria’s national development goals.
Reflecting the company’s rapid progress, Neveah recently clinched the top spot in the Metals & Mining category and ranked 21st on the Financial Times’ 2025 list of Africa’s Fastest-Growing Companies.
These recognitions, Lawal stated, highlight the firm’s global relevance and operational strength in a competitive sector, testament to its resilience and strategic foresight.
Looking ahead, he added that as the plant moves toward full-scale production in the coming days, Neveah is well-positioned to transform scrap into high-quality metals, strengthen Nigeria’s export capacity, and advance a circular economy model that benefits communities both locally and internationally.
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