Neveah Limited has announced the start of production at its state-of-the-art aluminum and copper recycling plant in Ogun State.
In a decisive first run, the plant has produced its first set of aluminum ingots, achieving a highly impressive purity level of 85.1%, indicating the superior quality Neveah aims to steadly achieve once full-scale operations begin.
Employing innovative instruments, Neveah ensures that each ingot adheres to the highest global standards, thereby facilitating seamless access to demanding export markets.
This adoption of the latest technology ensures that every ingot produced not only meets but goes beyond international quality requirements, reinforcing Neveah’s commitment to premium-grade output that is export-ready.
“This milestone is more than just production, it’s a glimpse into our future,” said Mr. Ibidapo Lawal, CEO of Neveah Limited. “We are not just recycling; we are redefining how Africa contributes to the global circular economy.”
As the company gets ready for full-scale operations in the coming days, this milestone underscores a series of significant strides.
Neveah’s recycling plant, a multi-billion Naira investment, is designed to process over 44,000 metric tons of aluminum and copper annually, generate over $150 million in export revenue, create over 6,000 indirect jobs and 500 direct jobs and cut carbon emissions by more than 377,000 tons yearly. Such environmental and economic benefits align with Neveah’s broader mission to foster sustainable growth and support national development goals.
The company secured the top position in the Metals & Mining category and ranked 21st on the Financial Times’ 2025 list of Africa’s Fastest-Growing Companies.
These honors showcase Neveah's international influence and outstanding operations in a highly competitive sector, a testament to its resilience, strategic vision, and operational excellence.
As the plant prepares to transition to full-scale production in the coming days, Neveah stands poised to transform scrap into high-quality metals, reinforce Nigeria’s export portfolio, and drive a circular economy model that benefits communities at home and abroad.