NESREA Director General Innocent Barikor highlighted the potential of circular economy investments to boost Nigeria’s foreign exchange earnings.
Speaking at a meeting with Sonnex, a plastic packaging recycling company in Lagos, Barikor emphasized the government’s commitment.
The announcement was shared in a statement by Assistant Director of Press Nwamaka Ejiofor on Wednesday, August 13, 2025.
Government Prioritizes Circular Economy
Barikor assured Sonnex that the circular economy is a presidential priority for the Federal Ministry of Environment.
The National Environmental (Plastic Waste Control) Regulations, awaiting gazetting, will strengthen Nigeria’s circular economy framework.
“This initiative tackles waste and creates green jobs,” he said.
The export of recycled pellets and flakes, like those produced by Sonnex, also generates foreign exchange.
Challenges in Plastic Recycling
Sonnex Managing Director Anil Mohinani outlined the recycling process for PET bottles (rPET).
He noted challenges, including the lack of legal mandates for food and beverage manufacturers to use food-grade rPET.
Additionally, foreign companies create barriers, and awareness remains low. Mohinani cited Kenya’s supportive regulations as a model, contrasting with unfair international competition.
Strengthening Legal Frameworks
NESREA’s Plastic Waste Control Regulations aim to formalize the circular economy in the plastic sector. Once gazetted, they will provide a robust legal framework.
Barikor stressed NESREA’s commitment to ensuring success, aligning with Nigeria’s goal to reduce waste and promote sustainable industries. This supports broader economic growth and environmental sustainability.
Broader Economic Impact
The circular economy aligns with Nigeria’s industrial goals. Investments in recycling can reduce the $4.5 billion annual steel import bill, as seen in related government initiatives.
By fostering green jobs and export opportunities, NESREA’s efforts could position Nigeria as a regional leader in sustainable development.
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