Solid Waste Collection And Recycling Business Plan In Nigeria
This detailed and comprehensive business Solid Waste Collection And Recycling Business Plan In Nigeria, was written for those who are interested in starting it. This business is a very lucrative one and if you are interested in setting it up, you are up for a big deal. Solid waste management business in Nigeria as it where encompasses many sectors which includes; collection, disposal and processing and this has been described as having a lot of potentials because of the huge problem of waste disposal, collection and management we have in the country.
According to studies, the solid waste collection and recycling business in Nigeria offers so much of opportunities for local investors however there is a problem which has to do with the enabling environment for converting the “waste to wealth”. This has been challenging the growth of the industry so far. We would be looking at the general business opportunities that are available in the industry, the setup requirements and other necessities. Please be informed that, what we have here is just a sample of the Solid Waste Collection And Recycling Business Plan In Nigeria. Do well to get in touch with us for a detailed and comprehensive Solid Waste Collection And Recycling Business Plan In Nigeria.
Start your Solid Waste Collection And Recycling Business Plan In Nigeria today and crunch your way to success!
Hurry now and get your own Solid Waste Collection And Recycling Business Plan In Nigeria and the feasibility study.
To place an order, pay N10,000 to:
BANK NAME: GUARANTY TRUST BANK (GTB)
ACCOUNT NAME: Ogumka Innocent
ACCOUNT NUMBER: 0153723721
After payment, send your name, email address and title of business plan (e.g. Solid Waste Collection And Recycling Business Plan In Nigeria) via text to 07017130778. Your business plan will be sent to your email within 10 minutes after payment. Thank you.
You can also reach us via WhatsApp @ 07041813286 or our email @ tradewithchapatti@gmail.com
Overview of Waste Management in Nigeria
When we talk about Waste management, what do we really mean? In simple term, it refers to the collection, disposal and handling of waste products such as; refuse or garbage, effluents, industrial solid wastes, electronic wastes, hazardous materials and other unwanted materials that has been set aside for disposal by their former owners or users. There are items which are often discarded off as waste and they include; paper, organic materials (rotten fruits, vegetables, rotten meat, bones, spoiled food etc), wastes from factories, plastic, torn clothes, used metal scraps, electronic wastes such as; old TV sets, dead fridges, radio, gas cylinders etc.
Everyone who lives under the sun, have different things that are not useful to them and they are discarded off from time to time. This is not just peculiar to a particular location. No matter the location you find yourself, there will always be need to remove stuffs we have listed that have no use again. These unwanted items are all used up which means they no longer serves their purpose which have made them harmful to us if it remains in use. Nigerian been a country of over 200 million people where over 85 million plus reside in towns and cities, then we cannot describe the sheer amount of these waste products which would be very enormous and noticeable. However, from research, it has been observed said that most of Nigeria’s big cities are giant when in comes to refuse and filth. This can be very harmful; it can cause disease and illness besides also constituting an environmental nuisance. Well, the good news about it, is that, it can become a major source of income as well for business minded people.
Start your Solid Waste Collection And Recycling Business Plan In Nigeria today and crunch your way to success!
Hurry now and get your own Solid Waste Collection And Recycling Business Plan In Nigeria and the feasibility study.
To place an order, pay N10,000 to:
BANK NAME: GUARANTY TRUST BANK (GTB)
ACCOUNT NAME: Ogumka Innocent
ACCOUNT NUMBER: 0153723721
After payment, send your name, email address and title of business plan (e.g. Solid Waste Collection And Recycling Business Plan In Nigeria) via text to 07017130778. Your business plan will be sent to your email within 10 minutes after payment. Thank you.
You can also reach us via WhatsApp @ 07041813286 or our email @ tradewithchapatti@gmail.com
What is the State of Waste Management in Nigeria?
Let’s take a critical look at the state of waste management business in Nigeria which according to studies is still evolving in the country. It should be noted however that there are numerous challenges that operators face in the business which are borne out of the unique business environment from which they operate from. First of all, we must note that there isn’t an enabling environment for the business to thrive in the country. It is very difficult to convince clients to pay for refuse disposal. A lot of Nigeriabs as it where are very much unwilling to pay to dispose their refuse and even when they do, they are only willing to pay extremely low amounts for it. For operators who are unwilling to reduce their prices or compromise, this can be very be very discouraging for them because the cost of running this business is very high. Another issue or challenge, has to do with policy implementation. What we have seen so far in the country is that some of the states and local governments are not able to implement environmental policies which would have force strict compliance from citizens and consequently encourage patronage of refuse collection businesses. There is still the issue of power supply. Those who intend to start the refuse collection and recycling business will surely struggle with it and other operational cost challenges. The cost of Diesel for powering generators and trucks are quite high plus the unpredictable nature of revenue collection. If you are not tough, this business surely is not for you.
Waste management facts at a glance;
However, Solid Waste Collection And Recycling Business, despite it’s challenges is still a very big and untapped business in Nigeria and there are lots opportunities for new people to come into the business.
Business Opportunities in Waste Management and Recycling in Nigeria
Now, let’s discuss the business opportunities that are available in the Solid Waste Collection And Recycling Business Plan In Nigeria). Nigeria as it stands, hava a big environmental challenge such as poor drainage, poor hygiene, difficulty in evacuating solid wastes, crowded towns and shanties, high amounts of industrial and commercial activities and poor town planning. With all of these naturally and Nigeria being country heavily populated, should lead to massive production of solid wastes which is a big one for operators.
There are so much products in Nigeria that are improperly disposed as waste namely; paper, rotten food, wooden objects, clothes, metal parts, plastic objects, inorganic wastes, effluents from factories, glass bottles and tyres to name a few. It should be noted that the aforementioned materials can be recycled or processed rather than incinerated or piled up in a dump to be destroyed. This is the practice largely done in Nigeria.
In more organised countries, waste management business is highly lucrative business to venture into. The ROI is high and very encouraging and same can be said in Nigeria although some opportunities exist.
First and foremost, waste is capable of being converted to wealth through recycling and processing to create a range of products such as; biogas, ethanol, organic fertilizers, paper pulp, recycled plastic and even tar for road construction. But these opportunities have not been properly exploited by investors – do we have to blame them? Am not sure I want to jump into conclusion because in most cases, the enabling environment for the business to thrive and for investors to reap profit is largely absent but with a well designed waste management and recycling business plan, you will stand out.
Plastics Recycling
Biogas
Ethanol Production
Liquid CO2 Production
Organic Fertilizer production
Paper pulp production
Among other uses
Secondly waste management in Nigeria can be lucrative as a fee paying service under a public-private partnership arrangement (PPP). Nigeria’s cities and towns have large enough population of people with refuse disposal needs and fee collection model in refuse collection and PPP operators can be a lucrative option when optimized by key stakeholders.
It should be noted that this model which has been introduced in some cities is more of a private sector led fee collection service to limited success. Government can completely hands off from this and enable private individuals operate the business of collecting and handling refuse with appropriate legislation.
What are the Challenges of Waste Management in Nigeria?
Low fee collection
High running costs
Inconsistent government policies
Difficulty by government in implementing environmental policies and legislation
Poor perception of the public on waste management in Nigeria
Poor road networks and flooding
Delay in receiving payments
How much does it Cost to Start a Waste Collection/recycling Business in Nigeria?
To kmow the exact amount it will cost to set up and waste management and recycling business in Nigeria, you have to determine what you want first. Which is what you want to specialise on. For those who wants to ne collecting plastic waste and used cans for recycling, they will only need a small parcel of land, capital to purchase the used recyclable materials from scavengers (at least 1,000,000 naira) and packaging materials. If on the other hand you register for PPP with government, license fee, you will need a refuse collection truck, operating costs for 3 months among other expenses.
First Year Sales Projection
We will assume that a refuse collection company with startup capital of 20 million (which includes collection truck, office space and refuse processing unit) operating a single truck operating in a busy part of a city such as Abuja and also engaging in collection and sale of recyclable materials. Also, we will assume that the collection company will generate at least 42,000 naira daily. Besides refuse collection, the company will generate revenue from sale of collected plastic bottles and metal cans in trucks which would amount to 1 full truck each per week at 120,000 naira per truck.
Now; what you just read is just a sample of the business plan.
Start your Solid Waste Collection And Recycling Business Plan In Nigeria today and crunch your way to success!
Hurry now and get your own Solid Waste Collection And Recycling Business Plan In Nigeria and the feasibility study.
To place an order, pay N10,000 to:
BANK NAME: GUARANTY TRUST BANK (GTB)
ACCOUNT NAME: Ogumka Innocent
ACCOUNT NUMBER: 0153723721
After payment, send your name, email address and title of business plan (e.g. Solid Waste Collection And Recycling Business Plan In Nigeria) via text to 07017130778. Your business plan will be sent to your email within 10 minutes after payment. Thank you.
You can also reach us via WhatsApp @ 07041813286 or our email @ tradewithchapatti@gmail.com
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