$150M ALUMINIUM, COPPER INGOTS PLANT BERTH IN OGUN, SET TO EMPLOY 500.(PHOTO).#PRESS RELEASE

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 $150m Aluminium, Copper Ingots Plant Berth in Ogun, Set to Employ 500 The current influx of investors to Ogun State has yet to abate, as another recycling plant for the production of aluminium and copper ingots has been established in the state. The Managing Director and Chief Executive Officer of Neveah Ltd, Mr. Ibidapo Lawal stated this on Monday after a meeting with Governor Dapo Abiodun in his office at Oke-Mosan, Abeokuta. Lawal noted that the multimillion-dollar recycling plant, when fully operational and at full capacity, would generate over $150 million annually and employ more than 500 people. He said the plant would recycle aluminium scraps from car engines, cans, and other metals into ADC 12 and export them to car manufacturing companies in Asia, Japan, Indonesia, and a host of others. He said: "The plant is situated in Mowe, and it will employ more than 500 people, thereby creating jobs locally and also contributing to the development of Ogun State and Nigeria as a wh...
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SENATE URGES FED GOVT TO INITIATE POLICIES FOR LOCAL MINERS. (PHOTO).

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 Senate urges Fed Govt to initiate policies for local miners


The Senate has urged the Federal Government to initiate a policy that will protect local miners and their businesses.


The Chairman of the Senate Committee on Solid Minerals Development, Ekong Sampson, made the call when he led members of the committee on an oversight visit to the Ministry of Solid Minerals Development and some of its agencies in Abuja.


Other members of the committee on the visit included Kabeeb Mustapha (Vice Chairman – Jigawa Southwest), Minority Whip Osita Ngwu (Enugu West), Diket Plang (Plateau Central), Onyeka Nwebonyi (Ebonyi North) Mohammed Ogoshi Onawo (Nasarawa South), Prof. Anthony Ani (Ebonyi South) and Okechukwu Ezea (Enugu North).


Agencies under the ministry which the committee visited include the Nigerian Mining Cadastral Office and the Nigerian Solid Minerals Development Fund.


The Senate committee had expressed concerns about recent mining rates increase and its potential to stifle local mining investments, compared to their foreign counterparts in the sector.

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