Integrating 5 x Sustainable Liner Economies

into 1 x Circular Economy from Waste Plastics worth N10.5 billion per annum

Linear economic impact	Value Chain (Per Ton) of Waste Plastic Processed
Waste Plastic Collections	24.3%
Waste Plastic Sorting	6.2%
Recycling Waste Plastic	23.5%
Reprocessing Recycled Plastic into Plastic Resource	10.5%
Plastic Manufacturing	35.5%
Total	100%

Data for our 2021 Operations

1. Plastic Collections: N2.916 billion per annum paid to local pickers that collect and supply 15,000 tons waste plastics, haulage transportation providers.

2. Waste Plastic Sorting: N0.756 billion per annum paid in new job creation to local employed indirect labour for waste plastic sorting.

3. Waste Plastic Recycling: N2.808 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

4. Recycled Plastic Reprocessing: N1.26 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: N4.26 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

Annual Impact of N10.05 billion

Waste Plastic Circular Economy

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
Provides direct payments of N2.96 billion per year via Poverty Reduction Development ‘Waste to Wealth’ Process to 5,000 Nigerians
Generates a linear to circular Economy of N10.05 billion Naira per year
Generates an indirect employment creation of 1,500 workers for waste plastic collection and shipment supply chain.
Creates a direct employment creation of 500 workers, local content recycling, reprocessing, and manufacturing costs with annual salaries payments of N2.32 billion.
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 N11.3 billion Naira from foreign exchange on the alternate importation of 10,000 tons of Virgin Plastic Resin (raw materials) per annum.
In a 10-year span of this project, we would have generated a net circular economy worth N240 billion… no brainer !
Creates earning opportunities of up to Carbon Credits for Nigeria from the UNDP
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.

1. Rida National Plastics is 100% Nigerian owned Company with 63 years of proven manufacturing history of national plastics brands in Nigeria.

2. 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.

3. 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.

4. We have recycled and processed an estimated 38,000 tons of waste plastic PVC slippers (145 million slippers) from 1994 to 2008 for our PVC flooring tiles production was the only locally produced floor product available in Nigeria.

5. We have recycled 80% of ALL the white lorry and car battery cases ever imported to Nigeria into Chairs. We have processed 60% of all black battery cases ever imported into Nigeria into our general household basins products and we continue to do so daily.

6. Rida National Plastics has manufactured and sold over 30 million basins over time of various size heavy duty Plastic Basins 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.

7. 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).

8. 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.

9. Recycling and producing 10,000 tons per year of waste plastic over 10 years has saved CBN N11.3 billion per year in FX imports. We will increase production by 100% to 30,000 tons by 2026 providing CBN a net FX import savings of N29.4 billion Naira per annum(in todays values).

10. Rida National Plastics has been the absolute 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.

11. What we start in waste bottle recycling today will manifest into a local content raw material base of over 100,000 tons per annum of waste bottles from other local manufactures, giving CBN net FX savings of N98 billion per annum by 2025.

CO2 Emission Savings

Converting 15,000 tons of waste plastic per annum will save 9,039 tons in CO2 emissions, equivalent to taking 4,500 cars off the road for 1 full year.

Land Space Saving

Removing 15,000 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.

CIRCULAR ECONOMY

Integrating 5 x Sustainable Liner Economies

into 1 x Circular Economy from Waste Plastics worth N10.5 billion per annum

1. Plastic Collections: N2.916 billion per annum paid to local pickers that collect and supply 15,000 tons waste plastics, haulage transportation providers.

2. Waste Plastic Sorting: N0.756 billion per annum paid in new job creation to local employed indirect labour for waste plastic sorting.

Annual Impact of N10.05 billion

Waste Plastic Circular Economy

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

Provides direct payments of N2.96 billion per year via Poverty Reduction Development ‘Waste to Wealth’ Process to 5,000 Nigerians

Generates a linear to circular Economy of N10.05 billion Naira per year

Generates an indirect employment creation of 1,500 workers for waste plastic collection and shipment supply chain.

Creates a direct employment creation of 500 workers, local content recycling, reprocessing, and manufacturing costs with annual salaries payments of N2.32 billion.

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 N11.3 billion Naira from foreign exchange on the alternate importation of 10,000 tons of Virgin Plastic Resin (raw materials) per annum.

In a 10-year span of this project, we would have generated a net circular economy worth N240 billion… no brainer !

Creates earning opportunities of up to Carbon Credits for Nigeria from the UNDP

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.

1. Rida National Plastics is 100% Nigerian owned Company with 63 years of proven manufacturing history of national plastics brands in Nigeria.

3. 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.

4. We have recycled and processed an estimated 38,000 tons of waste plastic PVC slippers (145 million slippers) from 1994 to 2008 for our PVC flooring tiles production was the only locally produced floor product available in Nigeria.

5. We have recycled 80% of ALL the white lorry and car battery cases ever imported to Nigeria into Chairs. We have processed 60% of all black battery cases ever imported into Nigeria into our general household basins products and we continue to do so daily.

7. 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).

8. 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.

9. Recycling and producing 10,000 tons per year of waste plastic over 10 years has saved CBN N11.3 billion per year in FX imports. We will increase production by 100% to 30,000 tons by 2026 providing CBN a net FX import savings of N29.4 billion Naira per annum(in todays values).

10. Rida National Plastics has been the absolute 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.

11. What we start in waste bottle recycling today will manifest into a local content raw material base of over 100,000 tons per annum of waste bottles from other local manufactures, giving CBN net FX savings of N98 billion per annum by 2025.

CO2 Emission Savings

Converting 15,000 tons of waste plastic per annum will save 9,039 tons in CO2 emissions, equivalent to taking 4,500 cars off the road for 1 full year.

Land Space Saving

Removing 15,000 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.