Indigenous Nigerian firm Polysmart to launch new recycling plant, pledges N60bn annual spend and 2,000 jobs
Polysmart Packaging Limited will commission phase one of a new plastic recycling plant along the Lagos‑Ibadan Expressway, scheduled for Thursday
In Brief
- •Polysmart Packaging Limited will commission phase one of a new plastic recycling plant along the Lagos‑Ibadan Expressway, scheduled for Thursday
- •The company plans to spend about N60 billion annually on recyclable waste, with a monthly requirement of at least N5 billion
- •Polysmart aims to employ at least 2,000 agents and open 250 new branches within 24 months, expanding to all 774 local government areas
- •The facility will boost local production of recycled PET (rPET) and support environmental compliance, potentially expanding to other West African markets
- •Federal Ministry of Environment officials praised the investment for tackling plastic pollution and creating employment, especially for young people
Why It Matters
Polysmart’s expansion represents a significant investment in Nigeria’s growing plastic recycling sector, offering a dual benefit of environmental remediation and job creation. By committing to large-scale purchases of recyclable waste and establishing a nationwide collection network, the company aims to strengthen local supply chains for recycled PET, a material increasingly demanded by packaging manufacturers under Nigeria’s Extended Producer Responsibility regulations. The initiative also signals to other West African markets that local recycling infrastructure can be scaled sustainably, potentially reducing reliance on imported plastic and fostering regional economic resilience.
Key Details
- Annual Spend on Recyclable Waste
- N60 billion
- Monthly Purchase Requirement
- N5 billion
- Planned Agents
- 2,000
- New Branches Planned
- 250
- Target Local Government Areas
- 774
Context & Background
Nigeria faces a growing plastic waste crisis, prompting regulatory measures such as Extended Producer Responsibility to encourage recycling and reduce environmental hazards. Polysmart’s investment aligns with these policies by expanding local recycling capacity and creating employment opportunities.
What To Watch
Commissioning of phase one of the recycling plant scheduled for Thursday
Original Reporting & Sources
VNews is an independent briefing product. Original reporting remains credited to the following publishers:
This brief was synthesized automatically using attributed third-party reporting. VNews is a digital news publication produced under the VContent Group brand and operated by Francis Vincent Sunday in Ghana, independent from the publishers cited above. Read our AI Transparency Policy and Editorial & Corrections Policy.