Sustainable Circular Economy from Waste Plastics
12,000 ton per annum Waste Plastic Collection, Sorting, Processing & Recycling Plant positively impacts the Nigerian Economy as follows: –
➤ Provides new wealth from plastic waste opportunities for thousands of poor Nigerians
➤ Generates a linear to circular Economy by direct payments of N6 billion per year via Poverty Reduction Development ‘Waste to Wealth’ to 2,500 Nigerians.
➤ Provides new wealth from plastic waste opportunities for thousands of poor Nigerians
➤ Generates an indirect employment creation of 4,500 workers for waste plastic collection and supply chain
➤ Creates a direct employment creation of 770 direct workers for local content recycling, reprocessing, and manufacturing costs with annual salaries payments.
➤ Fills the void of required national environmental infrastructure for 12,000 tons waste plastic management and pollution control per annum
➤ Reduces global CO2 levels by 9,039 tons – in line with the UN emission reduction goals.
➤ Provides a local manufacturing base of 10,000 tons of Plastic Raw material per annum.
➤ Saves the Nigerian Economy of N19.2 billion Naira from foreign exchange on the importation of 10,000 tons of Virgin Plastic Resin (raw materials) per annum.
➤ In our next 10-year span, we would have generated a net circular economy worth N240 billion… …and this value will continue to increase every decade.
➤ We are compliant as per the UN Resolution UNEA-5.2 – entitled; ‘End Plastic Pollution: Towards an Internationally Legally Binding Instrument’.
Rida National Plastics Historic contributions in
Waste Plastics Recycling and the impact on
the Local Manufacturing Economy.
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Rida National Plastics is 100% Nigerian owned Company with 66 years of proven manufacturing history of national plastics brands in Nigeria.
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Rida National Plastics have always been the first plastic company to pioneer various plastics manufacturing processes in Nigeria. We started PVC flooring manufacturing in 1967 by our Super Flex PVC floor tiles Brand. We started injection moulding Chairs in 1978 and injection moulding Crates for beverage industries in 1979.
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Rida National Plastics are pioneers of plastic recycling in Nigeria in 1994. During the period of SFEM and the economic difficulties of the 1990’s. we maintained our PVC floor tiles production unit using waste PVC slippers as the core plastic raw material feed stock.
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Rida National Plastics has manufactured and sold over 160 million plastic basins of various size over two decades which are life improvement products that have enormous positive impacts on the lives of tens of millions of Nigerians for water storage, for storage, food preparations, cleaning/washing and multiple other uses.
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We sell our Finished Plastic Products to the Nigerian population at subsidised selling prices 15% lower than the price of Virgin Plastic Raw Material cost. Our Finished Plastic Products pricing (in weight).
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Our waste plastic material collections supply chains depend on thousands of Nigerians; we created and laid the foundation that led to the current national plastics recycling activities providing a current net local raw material supply base of 30,000 tons per annum.
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Rida National Plastics has been the key guiding instrument in creating and sustaining the current Nigerian Local Plastics Recycling industry of 30,000 tons per annum which has directly saved CBN from N216 billion in foreign exchange for raw material imports over the last 10 years.
CO2 Emission Savings
Converting 12,000 tons of waste plastic per annum saves 9,039 tons in CO2 emissions, equivalent to taking 4,500 cars off the road for 1 full year.
Land Space Saving
Removing 12,000 tons of waste plastic out of the land fill each year will save 85,500 square meters of land, equivalent to 187.5 acres each year.
[Revision 25 September 2024]
