Description

A substantial part of the urban residents in the city and suburban informal settlements of Lagos metropolis also have little or no access to solid waste collection services. This is due to lack of proper land use planning which resulted in the creation of informal settlements with narrow streets that make it difficult for collection trucks to reach many areas.

The result is that a large portion of the population is left without access to solid waste management making them particularly vulnerable.

Some of the waste generated includes paper, glass and plastic and with the use of technology, these products can be transformed into useful products again.

Foraminifera Market Research seeks to expose the investment opportunity in the recycling of waste polythene materials.

This report is to examine the financial viability or otherwise of establishing waste polythene recycling plant in Lagos sourcing for the waste materials and then grinding them to flask / granules form to sale to plastic companies who use them to produce new products.

The company would be managed by the promoters and the total manpower required to run the business is about 8 persons.

Recycling is an economic development tool as well as an environmental tool. Reuse, recycling, and waste reduction offer direct development opportunities for communities.

When collected with skill and care, and upgraded with quality in mind, discarded materials are a local resource that can contribute to local revenue, job creation, business expansion, and the local economic base.