HOW TO BECOME A MILLIONAIRE FROM NYLON/PLASTIC/POLYTHENE RECYCLING BUSINESS

Dollar scarcity: Manufacturers turn to local raw materials….The Punch News

INTRODUCTION

Wastes ordinarily refers to everything that no longer has a use or purpose and needs to be disposed of, however, according to The U.S Environmental Protection Agency, it defines solid waste as "any garbage or refuse, sludge from a wastewater treatment plant, water supply treatment plant, or air pollution control facility and other discarded material, including solid, liquid, semi-solid, or contained gaseous material resulting from industrial, commercial, mining, and agricultural operations, and from community activities." Based on this definition, examples of solid waste generated by veterinary clinics include, but aren't limited to: animal tissues, fluids and carcasses; animal waste; chemicals used in laboratory, cleaning or radiographic procedures; syringes and other medical supply waste; some medications, such as epinephrine and nitroglycerin; chemotherapy agents; mercury from thermometers; light bulbs and batteries; pesticides; paint and other solvents; and more. While wealth according to www.businessdictionary.com generally refers to General Tangible or intangible thing that makes a person, family, or group better off.

Lump Waste

Wastes generally have been a major environmental menace in many parts of the world, majority of the wastes generated by the plastics and allied materials are non-biodegradable unlike wastes from woods, papers, water, human excretions, foods etc. Apparently, under-developed and developing economies bears the greatest burden of waste hazards, some of these countries are seen as dumping grounds for all classification of wastes such as e-waste, agricultural waste, bio-waste, industrial waste, human waste and all kinds of waste imaginable. In Nigeria today, there is hardly any state of the federation not faced with the challenge of nylon and plastic waste management.

The Lagos state government through LAWMA has taken the bold step by establishing various waste plants across the geo-political zones of the state, we have such plant at Adeniji-Adele on the Island, we have at Olusosun dump site at Oregun, and there is waste transfer plant at Igando on LASU-Isheri road, Waste loading and Transfer at Oba Ogunji road Agege and others in different locations.

 
Many things should be taken into consideration when starting plastic/polythene/nylon recycling business.

The most common questions are:

- Is this a thermoplastic?
- Which one?
- Is it only one kind of plastic?
- If more than one, are they compatible?
- Is this font of scraps constant and reliable?
- How much this scrap costs?
- Which is the market for the finished product?
- How much can I sell the finished product for?

Recycling Machine

Unfortunately, administrators and stakeholders at all levels of governance in Nigeria are today still confronted with the burden of Nylon and plastic wastes management, used nylon shopping bags, pure-water sachets and pet bottles from different product brands, this environmental menace is a common eye-sour on our roads, drainages, streets and work areas causing hazards in terms of pollution, flooding, impeding free flow of water channels and ultimately aiding the spread of communicable diseases via stagnated water impurities. As a result of these environmental challenges,

government at all levels keeps spending huge budget on repairing and rehabilitating roads, clearing drainage channels and canals, persistent media campaign on indiscriminate dumping of nylon/bottle/sachet water wastes, yet, the hazard increases unabated.

Crushing Machine

Stakeholders are deeply worried on how to curb the monster created by this environmental wastes and the most discernible alternative is WASTE-TO-WEALTH initiatives. Going by the rising cost of raw materials used in producing plastic/polythene products, it becomes more economic viable to recycle the wastes generated from nylon/plastic materials and re-use for production again, this will not only create jobs and revenues for people in recycling industry but also reduces the menace of wastes in our environments. So many advanced economies earn reasonable foreign exchange income from recycled materials which are exported to developing and under-developed countries as raw materials.

In Nylon/plastic/polythene business, there is no waste material, every material is a raw material for another production, wastes in this business is also equivalent to money, when you generate waste in production, one does not throw the waste away, rather it is recycled for reuse or it is sold as waste to people in the recycling business. This business opportunity offers solution in term of employment opportunities, income generation, waste management, poverty eradication programs and ensuring cleaner healthier environment devoid of LASSA FEVER.

According to The Chairman of BUA Group, Abdulsamad Rabiu, in a statement made available to our Punch Newspaper, “he said that in the last three years, the firm had gradually divested from business areas that were largely dependent on foreign exchange in favour of businesses whose raw materials could be sourced at least 90 per cent locally. He said, We are fully concentrating on our core business including agriculture, mining and manufacturing that are less forex-dependent.”

Wet Grinding Machine

Consequently, the search for raw materials and substitutes that could be sourced locally because access to forex through the official route was near impossible while getting it through the black market was very expensive has become imperative. The present economic reality serves as a ginger tonic for venturing into recycling business due to availability of waste materials in abundance. I am ever ready to provide a professional advice on how to set-up this business to become a millionaire doing waste business.