The International Finance Corporation (IFC) and Mohinani Group are transforming Nigeria's plastic waste into economic opportunities through green manufacturing and job creation.
During a recent visit to the Sonnex rPET recycling facility in Ikorodu, Lagos, IFC's Vice President of Corporate Support, Elena Bourganskaia, praised the company's impact on Nigeria's circular economy. "This is a prime example of how private sector leadership and targeted investment can drive real change," she said.
The facility, a key part of IFC's partnership with Mohinani, converts post-consumer plastic into high-quality packaging. It is expected to process over 15,000 tonnes of plastic annually, with 90% sourced from local waste collectors and SMEs.
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More than 4,000 jobs are projected to be created across Nigeria and Ghana, boosting local economies and promoting sustainability.
Mohinani's CEO of Manufacturing, Rafael Pires, reaffirmed the company's commitment to sustainable industrialisation. "We are reducing waste, building local capacity, and supporting Nigeria's industrial growth," he said, stressing the importance of public-private collaboration in economic transformation.
