Africa’s largest plastic recycler plans $60m mega plant to process 100,000 tonnes of waste in Nigeria

 

Polysmart Packaging Limited, one of Nigeria’s leading plastic recyclers, has announced a $60 million expansion to construct what it describes as the largest and most advanced plastic recycling facility in the country, a move that could reshape West Africa’s circular economy landscape.

The new plant, which will be developed in phases, is expected to begin operations by the end of March 2026, with full commissioning scheduled for July 2026.

Once completed, the facility will significantly scale up Nigeria’s capacity to process post-consumer plastic waste into high-quality recycled materials, including food-grade recycled polyethylene terephthalate (rPET).

The investment positions Polysmart among Africa’s most ambitious private-sector players in sustainable manufacturing, at a time when governments and multinational brands are under growing pressure to cut plastic pollution and carbon emissions.

According to the company, the facility will be equipped with world-class recycling technologies, including systems from Sorema and Tomra, as well as two Erema Vacunite units. These will enable the processing of multiple polymer streams, producing rPET resin and flakes that meet the standards of the European Food Safety Authority and the United States Food and Drug Administration, as well as non-food-grade HDPE, LDPE, and polypropylene materials.

“This is a transformative moment for Nigeria’s green economy,” said Wasiu Abolaji Balogun, managing director and chief executive of Polysmart Packaging Limited.

He described the $60 million investment as a commitment not only to infrastructure and technology but also to people, adding that the expansion is expected to generate thousands of direct and indirect jobs across waste collection, sorting, technical, and operational segments of the value chain.

At full capacity, the plant will process up to 100,000 tonnes of mixed plastics annually, making it the largest of its kind in the region.

Polysmart’s $60m investment could recycle 5.5 billion plastic bottles a year in Nigeria

Polysmart estimates that the expanded facilities could recover and recycle more than 5.5 billion PET bottles every year, diverting vast volumes of plastic waste from landfills, drainage systems, and waterways.

A major strategic goal of the project is import substitution. By producing certified food-grade rPET locally, Polysmart aims to supply a critical raw material to Nigeria’s food, beverage, and fast-moving consumer goods industries, reducing their reliance on imported virgin plastics and easing pressure on foreign exchange demand.

The company says the expansion will also contribute to a significant reduction in Nigeria’s dependence on virgin plastics derived from crude oil. By replacing them with high-quality recycled alternatives, Polysmart positions the project as a step towards a more sustainable manufacturing ecosystem.

From an environmental, social, and governance perspective, the new plant is projected to deliver carbon savings of up to 170,000 tonnes based on its planned capacity. These gains come from lower energy use, reduced emissions, and the reintegration of plastic waste into the production cycle.

Polysmart said it is working closely with federal and state environmental agencies to ensure the facility meets global safety and environmental protection standards.

Industry observers say the scale of the investment could strengthen Nigeria’s ambition to become a regional hub for green technology and sustainable manufacturing.

As plastic pollution continues to pose a growing challenge across Africa, projects of this scale are increasingly viewed as critical to balancing economic growth with environmental responsibility.

By Segun Adeyemi, Business Insider Africa

Nigeria police deny reports of mass church abductions in north

Police in northern Nigeria say reports that worshippers were abducted on Sunday from churches in Kaduna state were false.

In a joint statement with local government officials on Monday, Kaduna state police commissioner Alhaji Muhammad Rabiu described the information as "mere falsehood which is being peddled by conflict entrepreneurs who want to cause chaos".

Earlier, a local official in Kurmin Wali had told the BBC that gunmen had kidnapped dozens of people attending different churches.

There has been a series of mass kidnapping in Nigeria, where both Christians and Muslims have been targeted. Gangs frequently carry out such attacks to get ransom payments.


But referring to Sunday's alleged abductions Kaduna's police commissioner challenged "anyone to list the names of the kidnapped victims and other particulars".

The chairman of Kajuru local government area, Dauda Madaki, said security forces were sent to Kurmin Wali after reports of an attack, but found "no evidence of the attack. I asked the village head, Mai Dan Zaria, and he said that there was no such attack."

Police also quoted the state's commissioner for internal security and home affairs saying religious leaders visited the area.

''They found out that what was pushed out to the public sphere was completely false,'' he reportedly said.

However, a community leader in Kurmin Wali, Ishaku Dan'azumi Sarkin, had earlier told the BBC that armed men attacked the area on Sunday and kidnapped 177 people from three churches.

He said 11 people escaped, several others were injured, and no deaths were reported.


In November, more than 300 students and teachers were seized from a Catholic school. They were later released in two successive groups. It was among a spate of kidnappings that made international headlines.

Nigeria is facing numerous security challenges - including kidnappings for ransom by criminal gangs, an Islamist insurgency in the north-east, separatist violence in the south-east, and a battle between herders and farmers in the centre over access to land and water.

Experts say corruption, poor intelligence sharing and underfunded local policing have hampered efforts to tackle the various crises.

Nigeria's defence minister resigned last month at the height of the kidnapping crisis, officially for health reasons, according to the president's office.

The US has recently become militarily involved in Nigeria - launching airstrikes on Christmas Day on two camps run by an Islamist militant group in north-western Nigeria.

Earlier this month, US President Donald Trump warned of more strikes if Christians continued to be killed in the West African nation.

There are more than 250 ethnic groups in Nigeria, which is roughly divided into a mainly Muslim north, a largely Christian south, with intermingling in the middle - and the government says people of all faiths have been victims of attacks.

A Nigerian foreign ministry spokesman responded to Trump's warning by saying that Nigeria would continue to engage constructively with partners such as the US.

''Nigeria remains committed to protecting all citizens, Christians and Muslims alike, without discrimination,'' Alkasim Abdulkadir said.

By Makuochi Okafor, BBC

Nigeria aims to court investors at Davos as global capital pulls back

Nigeria will use this year’s World Economic Forum in Davos to press its case as a stable, reforming economy at a time when global investors are pulling back from emerging markets and geopolitical tensions are reshaping capital flows.

Led by Vice President Kashim Shettima, Nigeria’s delegation to the January 19–23 meetings includes Wale Edun, the finance minister and coordinating minister of the economy, who is attending as a VIP participant, according to a statement signed by Ogho Okiti, special adviser to the minister of finance, on Monday.

The forum’s theme, The Spirit of Dialogue, aligns with Nigeria’s strategy of pairing macroeconomic reforms with sustained engagement with investors, development partners, and global policymakers.

“At a time of heightened uncertainty, the world is looking to Nigeria as a pillar of economic stability in Africa — not only because of its size, but because of the reform choices it has made,” the finance ministry said.
“This positioning places Nigeria firmly within the global dialogue on how emerging markets can navigate volatility while sustaining reform momentum.”

According to the ministry, Nigeria’s message in Davos is straightforward: the country intends to stay the course on market-oriented reforms, maintain macroeconomic discipline, and protect institutional credibility, including the operational independence of the Central Bank of Nigeria, as a foundation for price stability and investor confidence.

That positioning comes as emerging markets face tightening financial conditions, weaker multilateral cooperation, and rising debt pressures. Nigeria is seeking to distinguish itself by arguing that reforms introduced since May 2023 are beginning to yield tangible results.

Africa’s most populous economy embarked on some market reforms nearly three years ago, including eliminating costly fuel subsidies and floating its currency — the twin policies that have now stabilised the economy and placed it on a more fiscal footing.

According to the finance ministry, Nigeria will use the forum to report progress rather than make new promises. Officials point to more predictable macroeconomic conditions, improving growth performance, moderating inflation trends, stronger external buffers, and renewed international confidence, including Nigeria’s removal from major global financial grey lists.

Beyond signalling reform credibility, Edun’s meetings in Davos will focus on deepening dialogue with global investors, development finance institutions, credit ratings agencies, and multinational companies. The aim is to address lingering concerns around policy consistency, foreign-exchange stability, inflation, and fiscal sustainability, while reinforcing Nigeria’s ambition to act as a reform anchor in Africa’s largest economy.

The government says this engagement builds on renewed investor interest, particularly from Europe and the UK, and Nigeria’s gradual reintegration into global financial markets after years of capital controls and policy uncertainty.

A central theme of Nigeria’s Davos strategy this year is shifting discussions from promotion to execution. Officials say Nigeria has opened multiple investment talks over the past two years across energy, infrastructure, manufacturing, agriculture, technology, and financial services. The focus in Davos will be on converting those discussions into firm commitments.

Rather than broad pitches, Edun is expected to push investors on what specific policy assurances, regulatory frameworks, or risk-mitigation tools are required to take projects to financial close. The approach reflects a broader attempt to unlock delayed capital and accelerate project execution in an environment where global funding has become more selective.

Nigeria’s message is shaped by wider global pressures. Trade rules are being rewritten, capital flows to developing economies have tightened sharply, and climate finance remains unevenly distributed. At the same time, rapid technological change is disrupting labour markets faster than new jobs are being created.

Against that backdrop, Nigeria is framing its reform agenda around domestic revenue mobilisation, private-sector-led growth and institutional credibility, with macroeconomic stability positioned as a prerequisite for inclusive development.

By Wasiu Alli, Business Day

Nigeria emerges top Belt and Road beneficiary with China-backed $24.6bn GRIP megaproject

Nigeria has emerged as the largest single beneficiary of China’s Belt and Road Initiative (BRI) in 2025 following an estimated $24.6 billion construction commitment linked to the Ogidigben Gas Revolution Industrial Park (GRIP) in Delta State, marking one of the biggest China-backed infrastructure deals in Africa this year.

GRIP is a flagship gas-based industrialisation project designed to transform Nigeria’s vast natural gas reserves into higher-value products, including petrochemicals, fertilisers, methanol and refined fuels.

The industrial park is expected to anchor multiple downstream industries, supported by new gas processing plants, pipelines, power infrastructure and export facilities, much of which is being delivered by Chinese engineering and construction firms under the BRI framework.

According to Christoph Nedopil Wang, a China energy and finance expert at Griffith University, this deal highlights a broader trend in Beijing’s BRI strategy, which increasingly focuses on fewer but high-value projects tied to energy and industrial infrastructure.

Nedopil notes that Nigeria’s GRIP-related contracts alone accounted for roughly $20 billion of China’s 2025 construction activity in Africa, making the country the continent’s largest BRI construction recipient and a strategic hub for China’s long-term energy engagement.

The scale of the deal places Nigeria at the centre of China’s recalibrated Africa strategy, which is shifting away from smaller, dispersed projects toward fewer, capital-intensive investments tied to energy security and long-term industrial value.

With Africa’s largest gas reserves and a large domestic market, Nigeria offers Beijing both commercial viability and strategic depth in West Africa.

Terror challenges mar early development

Despite its strong fundamentals, GRIP’s early development was stalled by serious security challenges.

Long-standing tensions between the Ijaw and Itsekiri communities resurfaced, leading to violent rivalries and the emergence of armed groups around the project site in 2018.

During the administration of former President Goodluck Jonathan, threats and alleged financial demands of about $30 million reportedly forced authorities to delay the project’s groundbreaking, severely undermining investor confidence.

Saudi-linked investors who had shown interest in the project are reported to have withdrawn, citing concerns over security and the influence of non-state actors.

As a result, Ogidigben fell dormant for years, becoming a cautionary example of how insecurity in the Niger Delta can derail large-scale energy investments, despite their national economic importance.

Why GRIP matters for Nigeria and China

For Nigeria, GRIP represents a critical pillar of its long-term plan to reduce dependence on crude oil exports, curb gas flaring and build a competitive gas-driven manufacturing base. The project is expected to generate thousands of jobs, stimulate industrial growth in the Niger Delta and boost export revenues once operational.

For China, backing GRIP strengthens access to a major gas-producing economy while reinforcing its economic footprint in a region where competition with Western and Gulf partners is intensifying. It also reflects Beijing’s growing preference for projects with clear revenue potential rather than sovereign-funded public works.

However, the scale of Chinese involvement is likely to revive debates around debt sustainability, transparency and local content.

Nigerian authorities face pressure to ensure the GRIP investment delivers long-term economic value, technology transfer and inclusive growth, rather than adding to fiscal strain.

If successfully executed, GRIP could redefine Nigeria’s industrial landscape and stand as one of the most consequential Belt and Road projects on the African continent.

By Solomon Ekanem, Business Insider Africa

Nigeria's northeast faces worst hunger in a decade as aid cuts hit region, UN says

Thousands of people in Nigeria's strife-torn northeast are facing the risk of catastrophic food shortages for ​the first time in nearly a decade, as aid cuts deepen ‌malnutrition across the region, the U.N. World Food Programme warned on Friday.

Around 15,000 people are at risk ‌in Borno state, the agency said, an area already struggling with years of militant unrest.

Across West and Central Africa, 55 million people are facing severe food shortages, with more than three quarters of the people affected in Nigeria, Chad, Cameroon and ⁠Niger, it added.

The U.N. body ‌did not pick out specific funding but agencies have been raising the alarm since the Trump administration started reducing aid as ‍part of its “America First” policy last year, and Britain and others cut aid budgets to boost spending on defence.

More than 13 million children in the region were projected to suffer ​malnutrition this year, the WFP said.

Conflict, displacement and economic pressures have driven ‌food insecurity for years, but cuts to humanitarian assistance were now pushing vulnerable communities beyond their ability to cope, the statement added.

“The reduced funding we saw in 2025 has deepened hunger and malnutrition across the region,” Sarah Longford, WFP’s deputy regional director for West and Central Africa, said.

Funding shortfalls in 2025 had already forced ⁠WFP to scale back nutrition programmes in ​Nigeria, affecting more than 300,000 children, after the ​agency warned that nearly 35 million people could go hungry as its resources ran out in December.

Elsewhere, insecurity in Mali has disrupted ‍food supply routes, leaving ⁠1.5 million people facing crisis levels of hunger, while more than half a million people in Cameroon risk being cut off from aid in ⁠the coming weeks, the statement said.

The U.N. agency said it needed more than $453 million over the ‌next six months to continue providing humanitarian assistance across the region.

By Ben Ezeamalu, Reuters