Neveah Limited has commenced production at its aluminium and copper recycling facility in Ogun State, with the company announcing its first output of aluminium ingots recorded at a purity level of 85.1 per cent.

The Ogun-based plant, which represents a significant private-sector investment in Nigeria’s non-oil export sector, is equipped with advanced technology to meet global standards. Neveah says its use of precision instruments ensures each ingot is export-ready, with the company positioning itself to serve demanding international markets.

“This milestone is more than just production—it’s a glimpse into our future,” said Ibidapo Lawal, Chief Executive Officer of Neveah Limited. “We are not just recycling; we are redefining how Africa contributes to the global circular economy.”

The facility, according to the company, is designed to process up to 44,000 metric tons of aluminium and copper annually. Neveah projects that once at full capacity, the plant will generate over $150 million in export revenue, create 500 direct jobs, and support more than 6,000 indirect jobs. The company also estimates it will help reduce carbon emissions by over 377,000 tons per year.

Neveah’s entry into large-scale recycling marks a strategic shift in Nigeria’s industrial and export landscape. The company has indicated that the production of high-quality ingots is key to its strategy to strengthen Nigeria’s non-oil export base and align with broader environmental and economic development goals.

Earlier in 2025, Neveah was named the fastest-growing company in Africa’s Metals & Mining sector by the Financial Times and placed 21st overall on the FT’s list of Africa’s Fastest-Growing Companies. The company attributes this recognition to its focus on sustainability, innovation, and execution.

Full-scale operations are expected to begin in the coming days as Neveah seeks to scale production and deepen its role in international metal markets.