November 22, 2022

CIRCULAR ECONOMY

RIDA 2024 CIRCULAR ECONOMY IMPACT

Integrating 5 Liner Operations

into 1 Sustainable Circular Economy from

Waste Plastics worth N13.9 billion per annum

 

 

Data for our 2024 Operations

N13,951,933,441 DIRECT CIRCULAR ECONOMY VALUE

    1.  Plastic Collections: N5.595 billion per annum paid to local pickers that collect and supply 10,000 tons waste plastics, haulage transportation providers.
    2. Waste Plastic Sorting: N0.598 billion per annum paid in new job creation to local employed indirect labour for waste plastic sorting.
    3. Waste Plastic Recycling: N3.061 billion per annum paid on labour direct and manufacturing expensesor local engineering, tooling, transportation, local consumptions, and other local companies, paid for local electrical power content, direct labour costs, indirect expenditure spent on local content companies, engineering services providers, utilities providers etc.
    4. Recycled Plastic Reprocessing: N1.352 billion per annum paid on labour direct and manufacturing expenses or local engineering,tooling, transportation, local consumptions, and other local companies, paid for local electrical power content, direct labour costs, indirect expenditure spent on local content companies, engineering services providers, utilities providers etc.
    5. Plastic Manufacturing: N3.346 billion per annum paid on labour direct and manufacturing expenses or local engineering, tooling, transportation, local consumptions, and other local companies, paid for local electrical power content, direct labour costs, indirect expenditure spent on local content companies, services providers, utilities providers etc.