February 29, 2016

SUSTAINABILITY

SUSTAINABILITY DEVELOPMENT

 

RIDA National Plastics is the largest private sector waste plastics recycling and manufacturing company in West Africa that single handily carries out Five Waste Plastics Processes of: i) Collection, ii) Sorting, iii) Recycling, iv) Reprocessing and v) Manufacturing waste plastics into finished plastic products such as furniture and essential household waresOur finished plastics production is 100% sustained by waste plastic supply from landfills, dump sites and other waste streams – supplied by over 2,000 Nigerians engaged in our Plastic Waste ‘Circular Economy’ supply chains. 

We recycle over 10,000 tons of waste plastic Polypropylene/Polyethylene each year and remanufacture into new quality plastic products such as; Basins, Buckets, Bowls, Chairs, Tables and  sell these finished plastic products at proportional sales value that is 85% the cost of virgin plastic raw material resin (price weight to cost ratio per kilogram) – meaning we sell our finished plastic products cheaper in weight than the equivalent cost of the imported plastic raw material used in weight – clearly demonstrating plastic product pricing subsidies to the Nigerian population. We produce 1,500,000 Chairs and 6,000,000 Basins each year out of 100% Waste Plastics Pollution.

Rida National Plastics has manufactured over 22 million plastic chairs and 50 million Basins of various sizes that are deemed as 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. Having provided the Nigerian population with our subsidised plastics homeware products for over 2 decades, over 100 million Nigerians have been afforded a better quality of life by our heavily subsidised household plastic wares that are life improvement basic products giving enormous positive impacts on the lives of millions of people.

Our current closed loop waste plastic to finished plastics sustainable operation generates a net positive contribution to the Nigerian Economy worth over N17.9 billion per year by each linear operational economic impact and exchange savings from dependency on virgin plastic raw materials imports, demonstrating our positive circular economy impact on the Nigerian economy. In the last 5 years alone, we have paid out over N15,000,00,000 (Fifteen Billion Naira) for waste plastic collections to the micro economic sector for the supply of 50,000 tons of waste plastic. 

Rida National Plastics Limited is amongst the most qualified waste plastic collection, sorting, recycling, re-processing and manufacturing company in Africa, with 2 decades experience in collections and sorting of waste plastic with cost benefit impacts using our 20 years’ manufacturing operations dependent on sustainable waste plastic supply raw material supply chains. The current informal waste plastic recycling practice in West Africa emanated from waste plastic supply chains that we developed and implemented over 2 decades ago in Nigeria. 

We are amongst the best (perhaps only) example for an environmentally friendly sustainable plastics manufacturing operation that has had a positive circular economic impact for decades we have created a net circular economy worth over 59,000,000,000 (Fifty-Nine Billion Naira) in today’s monitory values over the last 20 years. We have recycled over 285,000 tons of waste plastics in Nigeria to date and continue to do so daily

Global Plastic pollution soared from two million tonnes in 1950 to 348 million tonnes in 2017, becoming a global industry valued at $522.6 billion, said United Nations Environmental Programme. It is expected to double in capacity by 2040.

In February 2022, a UN resolution was passed, entitled, ‘End Plastic Pollution: Towards an Internationally Legally Binding Instrument’, adopted at the conclusion UNEA-5.2, attended by participants from UN Member States, including 79 ministers and 17 high-level officials.  In her remarks to the UNEA, Deputy Secretary-General, Amina Mohammed, noted that the theme was based around “Strengthening Actions for Nature to Achieve the Sustainable Development Goals (SDG). “One thing we know for certain is that protecting nature is at the core of achieving the 2030 Agenda and goals of the Paris Agreement.” The President of Nigeria Muhammadu Buhari said that the coming of UNEA-5.2 by the UNEP underscores the need to make climate issues a priority for the entire world, as he urged concerted action to make the organisation’s efforts a success story in Plastic recycling to achieve the United Nations 2030 Sustainability Development agenda.

We are Rida National Plastics