By Collins Yakubu-Hammer
Neveah Limited, a leading indigenous export company, is going to sponsor and promote Nigeria’s mineral resources at the London Metal Exchange (LME) Seminar.
This is contained in a statement, signed by the Managing Director/Chief Executive Officer, Mr Ibidapo Lawal, and made available to the News Agency of Nigeria (NAN) on Friday in Abuja.
According to Lawal, the LME London is the trading and price formation venue of industrial metals globally, with an annual trade volume of US$15.2 trillion annually.
“It employs a published set of rules and regulations which forms the basis of sustaining an orderly market.
“Neveah Limited has religiously displayed ingenuity and a pioneering culture by being the first and only Nigerian company to take part in this annual conference for three years and counting,” he said.
He said the company believed in employing innovative strategies and taking on uncharted territories while carrying out its business activities.
“This year, Neveah intends to shed light on the far-reaching strides made by Nigeria in the solid minerals sector, with the objective of promoting Nigeria as one of the key destinations.
“By so doing, we are encouraging global interest and ultimately, attracting foreign direct investment in Nigeria’s Mining Industry,” Lawal said.
The Neveah boss said to achieve these, the company would be presenting an overview of Nigerian base metals.
He said the address would highlight incentives such as the Pioneer Tax Status, Export Expansion Grant, and the RT 200 Non-Oil Export Proceeds Repatriation Rebate Scheme.
He further explained that the company would highlight efforts that have been made to formalize and regulate artisanal and small-scale mining to ensure responsible sourcing and revenue generation.
He said the company exports to over 15 countries in Europe and Asia, with its major markets also spanning across North America.
He said the company also worked closely with selected suppliers for its materials and provide the best products at the most affordable prices to its global customers.
He added that in 2022, Neveah was awarded Sectoral Exporter of the year by the Nigerian Export Promotion Council.
According to him, the company was recently ranked 18th on Financial Times London list of Africa’s 100 Fastest Growing Companies. (NAN) (www.nannews.ng)
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Edited by Benson Ezugwu/Vincent Obi
