Business (Entrepreneurship)

How to Make Millions From Scrap Metal and Aluminum Supply in Nigeria

How to Make Millions From Scrap Metal and Aluminum Supply in Nigeria. In this article, i will guide you on how to make alot of money from scrap metal supply in Nigeria. You can make millions of naira from it.

make money from scrap metal

I know you might be wondering how you can make money from scrap metal supply. Are you aware that Scrap Metal and Aluminum Supply Business in Nigeria is a huge goldmine? What usually comes to your mind whenever you see those young boys mostly from the Northern hunting for scrap metal and aluminum in your neighborhood? You always say in your mind “what an hungry scavengers”? My brother, you better think again! Those guys you see as hungry are in reality making serious dough while you are there whining in pity.

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This post is going to be short and straight to the point so that after reading it, you would be on your way to start your own scrap metal and aluminum business anywhere you are in Nigeria without wasting time. I am not asking anything from you except to tell others about You never can tell how many lives you are going to change.

You don’t have to roll yourselves in dirty to be in this business. You can do it in corporate way if you like but the important thing is that you are going to make plenty of money. So, drop whatever you are doing right now and come close to me, I want to show you exactly how to do this business and make minimum of N500,000 monthly without staining your cloths.

What are the potential in this business.

We are looking at How to start scrap metal supply in Nigeria as another great source of income for serious entrepreneurs and sure it is. With this method I want to show you, you would not only be making money but creating jobs for other youths around you.

With the completely collapse of iron mining ores in the country. steal manufacturers and rolling companies have no other options than to turn to waste metal and aluminum as great alternatives which is even cheaper. As a result, more ordinary people are making a living supplying these materials to them and keeping the environment clean at the same time.

If you can gather metal, copper, or aluminum in good quantity through any reasonable means, be sure of good money. You wouldn’t even need to transport is because the companies you supply will come picking it themselves. Yours is to take your profit after sales. The metal is measured in weight and each weight has a given price. Below are the prices:

1 Ton of metal = N50,000 – N70,000

10 Tons or Trailer load of metal = N550,000 – N700,000

1 Ton of Aluminum = N150,000

10 Tons of Aluminum = N1,500,000

These things are picked freely as waste everywhere in Lagos and other cities. If you set out to gather it yourself, you will surely gather up to ten tons within a month and sell between N550,000 to N1.5 million depending on the type of metal you gathered.

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What are the types of metals to supply?

Anything called aluminum and iron metal scraps is a good deal. Start going around now to look for the following types of waste metal

Scrap machinery from construction companies.
Electrical equipments.
Scrap aluminum zink of all type.
Scrap electrical wires of all type.
Scrap auto spare parts of all type.
Scrap ship or plane parts
Scrap beams, rods.

The following companies buys this materials in great quantity at anytime of the year. All you have to do is to get them in quantity and call their attention to it, they will come over for it or you take it to them if you like.

METAL RECYCLING INDUSTRIES LIMITED – has now installed a state of the art, METAL RECYCLING and SMELTING Plant in OGUN STATE of the FEDERAL REPUBLIC OF NIGERIA with a capacity of handling over 100 Metric Tons of Metals per day. The Factory is located at SHAGAMU – IKORODU Road in Ogijo Dist where land was purchased, the factory building and infrastructure set up, Machinery and Equipment of a most modern processing and Smelting plant imported, installed.

Nigerian Foundries Limited

Head Quarters & Otta Plant. Nigerian Foundries Ltd (NFL) is the leading ferrous foundry group in
sub-sahara (excluding South Africa) with a total installed capacity of
8,500 metric tons per year. It has two plants, one in Ilupeju Lagos
State and one at Sango-Otta, Ogun State.
NFL started as a small grey iron foundry at Ilupeju in 1969 by
the Barberopoulos brothers making municipal castings and water pipeline

Km-38 Lagos-Abeokuta Expressway, Lynson Chemical Avenue, Sango-Ota, Ogun State, Nigeria.


How to source for the metals –

You need to get some hands to assist you in this business. Recruit some young and jobless boys in your community and engage them in scavenging the material while you pay them some amount of money. It could be in 30/70% formula – you take 30% while they take 70%. This way, they’d be in business and you will be making good money off them.

You will need a Scrapyard. That is a place where the metal and aluminum are converged for onward supply. A piece of land will do for this. Once you have your team of boys and a place to gather your metals together, you are good to go. There is absolutely no other things required, just as simple as these.

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Collecting scrap metal can be a worthy side hustle option if you do it in a way that is easier for you. This might mean doing any of the ways mentioned above like recycling old appliances or collecting aluminum cans.

Also, scrap metal is worth doing because you can make more money from it by getting N500,000 or more.

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