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World Environment Day: Coca-Cola Continues To Lead Plastic Recovery And Recycling Efforts Across Nigeria

As the world celebrates World Environment Day, the Coca-Cola System in Nigeria comprising Coca-Cola Nigeria and its bottling partner, Nigerian Bottling Company, reaffirms its commitment to making the country and the world a more sustainable place by supporting plastic recycling and other key environmental protection initiatives to help create a world without waste.
World Environment Day was founded by the United Nations Environment to promote worldwide awareness and action for the protection of our environment.
The theme for World Environment Day 2020 is, ‘Time for Nature,’ with a focus on its role in providing the essential infrastructure that supports life on earth and human development.
It would be recalled that in January 2018, the Company launched a global goal to fundamentally reshape its approach to packaging through its World Without Waste initiative.
This initiative aims to help collect and recycle the equivalent of 100% of its packaging by 2030.
This year’s World Environment Day theme, ‘Time for Nature’, rightly ties into the ambitious goal that Coca-Cola set for itself since 2018 and its efforts in investing in the planet and its packaging towards environmental protection.
The Coca-Cola Company and its bottling partners are pursuing several key goals:
- Investing in the planet: By 2030, for every bottle or can the Coca-Cola System sells, we aim to help take one back so it has more than one life. The Company is investing its marketing dollars and skills behind this 100% collection goal to help people understand what, how and where to recycle. We will support the collection of packaging across the industry, including bottles and cans from other companies. The Coca-Cola system is working with local communities, industry partners, our customers, and consumers to help address issues like packaging litter and marine debris.
- Investing in our packaging: To achieve its collection goal, the Coca-Cola System is continuing to work towards making all of its packaging 100% recyclable. The Company is building better bottles, whether through more recycled content, by developing plant-based resins, or by reducing the amount of plastic in each container. By 2030, the Coca-Cola system also aims to make bottles with an average of 50% recycled content. The goal is to set a new global standard for beverage packaging. Currently, our returnable glass bottle and PET packaging in Nigeria is 100% recyclable.
Onyemelukwe Nwamaka, Public Affairs, Communications and Sustainability Manager, Coca-Cola Nigeria Limited explained “Bottles and cans shouldn’t harm our planet, and a litter-free world is possible.
“Companies like ours must be leaders. Consumers around the world care about our planet, and they want and expect companies to take action. That’s exactly what we’re doing, and we will continue to lead in this space. We invite others to join us on this critical journey.”
The World Without Waste campaign represents Coca-Cola’s commitment to doing business in a way that eliminates waste which causes damage to the environment and supports job creation and financial empowerment.
Under this campaign and through the Coca-Cola Foundation, the company has sponsored and supported projects geared towards proper waste management and infrastructure that supports life on earth and human development.
With grants of over $800,000 from the Coca-Cola Foundation to multiple local NGOs, several recycling and women empowerment programs are being implemented to address the issue of environmental protection while empowering women who are significant pillars of the environment.
Additionally, through Coca-Cola’s System investment in one foremost recycling company in Nigeria, Alkem, more than One billion PET bottles were collected and recycled in Nigeria into fibre and other products from 2005 to 2011; more than 1,800 people directly employed on an average income of $6 per day (3 times the national average); as well as the creation of synthetic fibre for local industries and export.
Coca-Cola has further invested into building an industry coalition that has birthed the Food and Beverage Recycling Alliance (FBRA). FBRA is an alliance of responsible and forward-looking companies united by a shared concern for the environment and a commitment to collaborate with all stakeholders in building a sustainable recycling economy for food and beverage packaging waste.
These efforts have so far led to over 55 million bottles recovered from the environment and recycled into other products.
Some of the notable NGO grants towards building environmental sustainability includes the $150,000 grant to the Initiative for the Advancement of Waste Management in Africa, which is aimed at helping them establish eight ‘Cash for Trash’ recycling hubs in communities around Abuja, a $100,000 grant to the Mental and Environmental Development Initiative for Children (MEDIC) for its Recycling Scheme for Women and Youth Empowerment (RESWAYE) program, $56,000 grant to Global Shapers on Plastics 2 Resources designed to change the behaviour of citizens on waste disposal and about $170,000 grant to the African Clean-Up Initiative, which has birthed two key programs – RecyclePay and Clean-Up Naija.
The RecyclePay program has supported children with funding to attend low-tuition schools by exchanging plastic bottle waste donated by their parents for school fees while solving a key climate issue as well as SDG Goals 4 and 10. Currently, the African Clean-Up Initiative is using a similar approach to support low-income families affected by the coronavirus pandemic by giving them cash, double the value of plastic bottles recovered.
Coca-Cola is sure leading the way and making a difference towards preserving nature thereby supporting life on earth and human development.
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EFCC Arraigns Two FSDH Bank Officials Over $307k, €50k Fraud


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AfDB Supports Francophone Africa Start-ups with €6.5M

The African Development Bank Group last week approved an investment of €6.5 million in the Saviu II fund in order to support technology start-ups through their seed phase and first institutional fundraising, mainly in French-speaking Central and West Africa.

The Bank will invest €4.5 million as equity and €2 million as a first-loss hedging tranche on behalf of the European Commission, under the Boost Africa Programme.
This participation of the Bank Group will enable the Saviu II fund to give priority to companies with a strong technological or digital component.
Saviu II, the second investment vehicle of Saviu Partners, plans to invest between €500,000 and €3 million in about 20 technology or technology-oriented business-to-business start-ups in the seed phase or carrying out first institutional fundraising.
The Saviu II venture capital fund aims to make at least 60% of its commitments in the French-speaking countries of West and Central Africa: Côte d ‘Ivoire, Cameroon, Benin, Senegal, Togo, Burkina Faso and Mali.
The fund can also co-invest in promising technology companies in East Africa that have a strong team and business model, and whose strategy includes entering the market in French-speaking West African countries and establishing a strong presence there.
In addition, the fund will devote a dedicated envelope to pre-seed investments, focusing on minority equity investments, usually in co-investment with studios, incubators or other ecosystem partners.
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Nigeria Inks $1.3bn MoU with AFC for Alumina Refinery, Mining Push

Nigerian Government has signed a $1.3 billion Memorandum of Understanding (MoU) with Africa Finance Corporation (AFC) via the Solid Minerals Development Fund (SMDF) to fund an alumina refinery, national geoscience mapping, and a strategic investment vehicle for mining growth.

Special Assistant to the Minister of Solid Minerals Development, Segun Tomori, said the refinery will process one million tonnes of bauxite yearly using a modern Bayer process, powered by an on-site gas-fired cogeneration plant.
Minister Dele Alake called it a transformative milestone boosting GDP, aligning with reforms that improve investment climate, regulations, and licensing to attract private capital. He directed agencies to fast-track permits.
The 20-year project at 95% utilization eyes 19 million tonnes total output, $1.2 billion annual GDP addition, $25 billion economic impact, and $8 billion forex earnings, per feasibility studies.
SMDF Executive Secretary Fatima Shinkafi termed it the agency’s biggest funding deal, supporting value-addition policy.
The partnership extends to geoscience mapping for mineral data, de-risking exploration, and a joint vehicle for mining assets.
Permanent Secretary Engr. Farouk Yabo praised the reforms. Shinkafi signed for government; AFC’s Franklin Edochie for the corporation, witnessed by AFC CEO Samaila Zubairu.
Tomori positioned it as Nigeria’s largest private mining investment and FDI magnet.
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