February 29, 2016

SUSTAINABILITY

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 wares, providing affordable “better quality of life solutions” for millions of poor NigeriansOur 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 waste to wealth circular economy supply chains. 

We recycle over 10,000 tons of waste plastic Polypropylene/Polyethylene each year and remanufacture into new plastic products such as Basins, Buckets, Bowls 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 that has been providing a better quality of life for hundreds of millions of Nigerians for over 3 decades. We have recycled over 283,000 tons of waste plastics in Nigeria to date and continue to do so daily

We produce quality plastic products such as; Basins, Buckets, Bowls, Chairs, Tables and  sell these finished plastic products at proportional sales value that is 1/2 the cost of virgin plastic raw material resin. This means that we sell our finished plastic products cheaper in weight than the equivalent cost of the imported plastic raw materials (in weight),clearly demonstrating that we are providing 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 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. We once again state that we sell our Finished Plastic Products housewares at 1/2 the cost of Virgin Plastic Raw Material resin cost.  Rida National Plastics has also manufactured and sold over 22 million plastic chairs.

Our current closed loop waste plastic to finished plastics operation generates a ‘waste to wealth’ linear economic impact worth N6.15 billion naira per annum with a net Circular Economy worth N17.9 billion per year from, Foreign exchange savings from dependency on virgin plastic raw materials imports, demonstrating our positive linear economic 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.

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 for water storage, food storage, food preparations, cleaning/washing and multiple other uses. We only manufacture plastic products that are considered ‘better-life utility tools’ specifically to cater for socio economic groups D, E & F that live with limited or no infrastructure, no running water, inadequate hygienic food preparation areas and with no water storage facilities.

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 we developed and implemented over 2 decades ago.  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 are amongst the best example for an environmentally friendly sustainable plastics manufacturing operation that has had a phenomenal positive circular economic impact.

In February 2022, a UN resolution was passed, entitled, ‘End Plastic Pollution: Towards an Internationally Legally Binding Instrument’, it was adopted at the conclusion of the three-day UNEA-5.2 meeting, attended by participants from UN Member States, including 79 ministers and 17 high-level officials. 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 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.” Muhammed, who was Nigeria’s former Minister of Environment, said: “If we are to ensure food and water security for all people around the world, we need to prevent ecosystem collapse.” ALSO, The President of Nigeria Muhammadu Buhari said that the coming of UNEP underscores the need to make climate issues a priority for the entire world, even 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