How To Start A Lucrative Plastic Recycling Business In Nigeria

The recycling business in Nigeria and Africa is experiencing a transformative surge, driven by the urgent need for sustainable waste management, environmental preservation, and economic growth. As global awareness of the ecological impact of unchecked waste continues to rise, both local communities and international stakeholders are placing increased emphasis on recycling as a vital solution.

Recent statistics reveal that Africa generates approximately 239 million metric tons of waste annually, and this number is projected to double by 2026. In Nigeria alone, a staggering 32 million tons of solid waste are generated annually, indicating the pressing need for effective waste management strategies. The current state of waste disposal in many African countries poses not only environmental threats but also socio-economic challenges, necessitating a comprehensive approach.

Globally, the recycling industry has grown significantly, with a market value projected to reach USD 376.85 billion by 2025. This expansion can be attributed to increased consciousness about environmental sustainability and the circular economy model. The recycling business has become a crucial player in conserving natural resources, reducing greenhouse gas emissions, and curbing pollution.

Nigeria generates an estimated 32 million tons of plastic waste annually, one of the highest globally. Plastic constitutes 8-15% of the yearly 25-30 million tons of municipal solid waste. Lagos state alone produces 10,000 tons of plastic waste daily.

The good thing about this business is that you don’t need significant capital to begin. You can partner with a renowned plastic recycling factory in Nigeria. There, you can learn the ropes and gradually start your own recycling business.

You can make a net profit of up to 25% after the first six months of starting a plastic recycling business. That means if you start with N500,000, you can make a profit of roughly N125,000. According to different sources, you can possibly sell 1 kilogram of polythene for up to 55 Naira. What if you can gather 100 kilograms on a daily basis? You could earn 5500 Naira a day or over 140,000 Naira per month if you work 26 days each month  The higher your startup capital, the higher the net profit you will make. So, ensure that your business plan is well-written.

There are three main stages in the plastic recycling business in Nigeria. These include the sorting stage, the collection stage, and the processing stage. All these cost money, which you will factor into your business plan. You can collaborate with manufacturing companies that need recyclable plastics to cut costs on your part

Get the Necessary Materials Needed

Materials needed in the recycling business are very essential when you want to start on a small or large scale. Although not all are necessary, the most essential ones include.

Scale to weigh plastics, cans, bins, Granulator, Shredder, Pulverizer, Pan, Truck, Wheelbarrow, Compactor, Grappler, Baling machine, vibrator feeder.’

Opportunity in export; Do you know that you can export plastic waste, the current exporters in Nigeria cannot meet the demand of 10,000 tons per month. The few exporters are sending about 500 tons per month

Nigeria’s plastic waste crisis represents an enormous business opportunity if executed strategically. With thorough planning and preparation, an efficient plastic recycling plant can be highly profitable while also addressing critical environmental issues. Work through the challenges of securing financing, navigating regulations, recruiting skilled staff and accessing technology. Build robust processes focusing on quality, safety and customer needs. Despite the hurdles, Nigeria offers immense scope for resilient entrepreneurs to build successful and sustainable plastic recycling enterprises

• Get our information on Plastic Recycling Business. Our in house expert are ready to walk you through the rope of starting a profitable and efficient plastic recycling business. Some of our in house mentors are exporters, they cannot meet the demand of foreign buyers, they are ready to connect you so that you can start exporting also.

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  One on one practical training with ongoing support  from our resource person. Well-crafted training initiatives aim to close skill gaps, thus boosting individual performance. The success of this program reflects our shared commitment to creating a better future for our participants The trainees are evaluated at the end of the training period to ascertain the reliability of such training so as to assist in the provision of necessary instrument needed for starting the business or trade. Training is built on an active, experimental and practical learning sessions. Our expert advice is unique, actionable, and impossible to replicate. No one else can provide the tailored insights we offer, designed specifically for your success .Imagine having a roadmap tailored just for you, guiding you step by step toward your  career goals. Attendees will receive certificate of participation at the end of the Training     Click here to fill our application form:   https://forms.gle/jt7DaqkmobimT5PX8

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