The Federal Government says it’s building numbers of recycling plants that would take used plastics, wash and make all kinds of things out of them. The Minister of Environment, Dr. Mohammad Mahmood Abubakar, disclosed this while on a working visit to the Nigerian Conservation Foundation (NCF) headquarters, in Lekki Lagos.
 
According to him, some would be made into pallet, which will be used to make interlock, pointing out that interlock made from plastics would last longer than the brick interlocks. Abubakar said: “We have built and we are building numbers of recycling plants that will take used plastics, wash and make all kinds of things out of them. For example pallet, and this pallet will be used to make interlock, the interlock made from plastics will even last longer than the brick interlocks...
 
More details through:
https://www.newtelegraphng.com/were-building-recycling-plants-fg/

The International Finance Corporation (IFC), has announced a $39 million financing package to build a Continuous Polymerisation PET Resin plant in Ogun State, which would source over 20 percent of its raw materials from local waste plastics, thereby strengthening Nigeria’s recycling and manufacturing sectors.
 
The financing package includes a $24 million senior ‘A’ loan from IFC and a $15 million subordinated loan from the International Development Association’s private sector window blended finance facility.
 
The funding, which would be released to Engee Manufacturing Limited, a Nigerian manufacturer of PET resin used in packaging soft drinks, and other household and pharmaceutical products, would help reduce the plastic wastes in the environment…
 
More details through:
https://guardian.ng/business-services/ifc-discloses-39m-fund-for-nigerias-plastics-recycling-industry/
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