The Lucrative Scrap Metal Trade in Nigeria: From Trash to Cash

Scrap metal, commonly known as ‘Condemn condemn,’ is becoming a booming business in Nigeria. Despite being underestimated, metal scavengers in the country can earn up to N200,000 monthly, surpassing the income of bank tellers. The steel industry in Nigeria heavily relies on scrap metal, with over 95% of current steel production coming from discarded materials. The demand for scrap metals is driven by factors such as the development of electric vehicles and the need for raw materials for battery production. This increasing demand has created business opportunities for metal scavengers. Middlemen in the trade capitalize on the rising demand for specific metals like copper and aluminum, generating substantial income. The scrap metal trade is not limited to urban areas but also thrives in states like Kaduna and Abuja. Despite challenges such as fluctuating metal prices and the risk of purchasing stolen metals, the scrap metal trade remains a profitable venture. As the demand for metals continues to rise, this industry provides an opportunity for Nigerians to earn a living and contribute to the nation’s economy.

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