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Ibidapo Lawal

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Ibidapo Lawal Idris
Born
Ibidapo Lawal Idris

(1984-10-01) 1 October 1984 (age 40)
Ibadan, Oyo State
NationalityNigerian
EducationDrexel University
Lead City University, Ibadan
OccupationEntrepreneur
Known forFounder of Neveah Limited

Ibidapo Lawal Idris (born 1 October 1984) is a Nigerian businessman and entrepreneur, the founder of Neveah Limited. His company was named the Best Sectoral Exporters of Solid Minerals by Nigeria Export Promotion Council in 2022 and was ranked 18th fastest growing company in Africa by Financial Times in 2023.[1][2][3][4][5]

Early life and education

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Lawal attended Police Children's School, Ibadan, Oyo State for his primary education. He had his secondary education at Government College also in Ibadan, Oyo State. Lawal did his bachelor's degree at Lead City University, Ibadan. He left Nigeria in 2012 for his master's degree in Business Administration at Drexel University, Pennsylvania. Lawal has undergone training in Executive Management and Finance at Wharton School of Business.[6][7][8][9][10][11]

Career

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Before founding Neveah Limited, Lawal started IAL Resources his first venture and later established Activo Global Investments in 2007, a startup that provided training and consulting services on exportation in Nigeria.[6]

Neveah Limited

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Lawal founded Neveah Limited since 2014 and currently has around 70 employees. The Punch Newspapers describes the company as a commodities export and trading company, dealing in agricultural commodities, base metals and minor metals. The company exports to countries in Europe, Asia and North America.[12][13][14][15][16][17]

Neveah Limited was named the Best Sectoral Exporters of Solid Minerals by Nigeria Export Promotion Council in 2022 and was ranked 18th fastest growing company in Africa by Financial Times in 2023. The company developed an aluminum recycling plant in Ogun State to recycle aluminum and copper waste for export to markets globally.[18][18][19][20][21][22][23]

In 2021, the company started accessing working capital from the capital market in form of commercial papers and started with N10 billion programme. As of September 2024, the company has raised a cumulative total of N25.51 billion through its Series 1-15 Commercial Paper issuances to address working capital needs and have repaid them.[24][25][26][27][28][29][30]

Philanthropy

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The Ibidapo Lawal Foundation has empowered more than 8,000 persons and has donated to the less privileged. The foundation donates academic materials, including books and food items, to aid the education of the children.[31][32][33][34][35]

Personal life

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Lawal was born in Ibadan, Oyo State. He is married to Modupeoluwa Omotosho and they have two children together.[6]

References

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  1. ^ TheCable (2023-05-08). "Neveah Limited makes Financial Times 2023 Africa's fastest growing companies ranking". TheCable. Retrieved 2024-10-28.
  2. ^ Pilling, David (2023-05-02). "FT ranking: Africa's Fastest Growing Companies 2023". www.ft.com. Retrieved 2024-10-28.
  3. ^ Partners, N. M. (2023-05-05). "Neveah Limited Ranks High In 2023 Financial Times Africa's Fastest". Nairametrics. Retrieved 2024-10-28.
  4. ^ "Speaker Abbas Celebrates Neveah CEO, Lawal, On 40th Birthday – Independent Newspaper Nigeria". 2024-10-01. Retrieved 2024-10-28.
  5. ^ News, Leadership (2023-08-19). "Govt Must Address Insecurity For Commodity Export Industry To Thrive – Lawal". Retrieved 2024-10-31. {{cite web}}: |last= has generic name (help)
  6. ^ a b c "Meet Ibidapo Lawal Idris, CEO of Neveah Ltd". 14 October 2024.
  7. ^ Nigeria, News Agency of (2023-12-23). "Nigerian youths advised to shun 'japa', try agribusiness". Peoples Gazette Nigeria. Retrieved 2024-10-28.
  8. ^ "Neveah Limited - Company Profile". www.neveah.com.ng. Retrieved 2024-10-28.
  9. ^ "Abuja serial entrepreneur, Ibidapo Lawal marks 38th birthday in grand reception".
  10. ^ Banks, Gbemi (2023-12-23). "Entrepreneur counsels youths on "Japa" syndrome, urges attention to Agro business". Freedom Online. Retrieved 2024-10-31.
  11. ^ "'Japa Syndrome': Entrepreneur Urges Youths To Embrace Agro Business - NEWS AGENCY OF NIGERIA". 2023-12-23. Retrieved 2024-10-31.
  12. ^ Salau, Seyi John (2023-07-28). "Businesses in Nigeria must innovate for survival, excellence - Lawal". Businessday NG. Retrieved 2024-10-28.
  13. ^ Lashem, Favour (2023-07-28). "Firm vows to promote Nigeria's image through quality products export". News Diary Online. Retrieved 2024-10-28.
  14. ^ "Neveah limited marks 9th anniversary, looks back at most outstanding achievements". 25 July 2023.
  15. ^ "Neveah Limited makes FT/Statista 2023 Africa's fastest growing companies ranking". 3 May 2023.
  16. ^ Abimbola, Oluwakemi (2024-03-12). "Neveah raises workers' salaries by 44%". Punch Newspapers. Retrieved 2024-10-28.
  17. ^ TheCable (2023-08-29). "Akinsola Akinyemi appointed CFO of Neveah Limited". TheCable. Retrieved 2024-10-28.
  18. ^ a b Sanusi, Abiodun (2023-05-05). "Nigerian firm ranked 18th fastest-growing African business". Punch Newspapers. Retrieved 2024-10-28.
  19. ^ "Neveah Limited Makes Financial Times 2023 Africa's Fastest Growing Companies Ranking – THISDAYLIVE". www.thisdaylive.com. Retrieved 2024-10-28.
  20. ^ "Hardship: Neveah Increases Workers' Salaries By 44% - Daily Trust". dailytrust.com/. 2024-03-11. Retrieved 2024-10-28.
  21. ^ Ayeni, Victor (2023-04-14). "Firm obtains commercial papers, plans recycling plant". Punch Newspapers. Retrieved 2024-10-28.
  22. ^ "Speaker Abbas celebrates Lawal at 40".
  23. ^ "Akinyemi Appointed Neveah's Chief Financial Officer – THISDAYLIVE". www.thisdaylive.com. Retrieved 2024-10-28.
  24. ^ "The Guardians Special Focus on Nigeria's 50 Most Inspiring and Definitive Top CEOs in 2023: Part III". December 2023.
  25. ^ Salau, Seyi John (2024-09-16). "Neveah Limited redeems all series under its N20bn commercial paper programme". Businessday NG. Retrieved 2024-10-28.
  26. ^ BusinessDay (2024-09-18). "Neveah redeems N1.9bn commercial paper". Businessday NG. Retrieved 2024-10-28. {{cite web}}: |last= has generic name (help)
  27. ^ TheCable (2024-09-16). "Neveah redeems all series under its N20bn commercial paper programme". TheCable. Retrieved 2024-10-28.
  28. ^ Aina, Temitope (2024-09-16). "Neveah raises N25.51bn through series 1-15 commercial papers". Punch Newspapers. Retrieved 2024-10-28.
  29. ^ Uzor, Franklin (2022-08-22). "Neveah Issues N3.99 Billion Series 5 Commercial Paper". Nigerian Investment Promotion Commission. Retrieved 2024-10-28.
  30. ^ "Nigerian commodities tycoon Ibidapo Lawal raises $15 million for Neveah". Billionaires.Africa. 2024-09-18. Retrieved 2024-10-28.
  31. ^ Chukwudiebere, Mercy (2023-02-16). "Sokoto: Foundation Donates Materials to Students in Rochas College". Voice of Nigeria. Retrieved 2024-10-28.
  32. ^ Michael, Ishola (2023-02-16). "Foundation donates learning materials, food items to Rochas students in Bauchi". Tribune Online. Retrieved 2024-10-28.
  33. ^ Ofurum, Godfrey (2023-02-17). "Ibidapo Lawal partners Rochas Foundations to celebrate students in Owerri". Businessday NG. Retrieved 2024-10-28.
  34. ^ ExpressDay (2023-03-07). "Excitement as Rochas, Ibidapo Lawal Foundations take students on leisure trip". Express Day. Retrieved 2024-10-28.
  35. ^ ExpressDay (2023-03-07). "Foundation donates learning materials to students". Express Day. Retrieved 2024-10-28.
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