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Coca-Cola Commemorates World Cleanup Day: Unveils “Project Revive” and Rewards Environmental Champions

The Coca-Cola Company, in 2018 launched a World without Waste Campaign with a simple focused purpose to make the world’s packaging waste problem a thing of the past.
The World Without Waste drive was built on three fundamental goals: make all consumer packaging 100% recyclable by 2025 and aspire to create packaging that is at least 50% recycled material by 2030; collect and recycle a bottle or can for each one the company sells by 2030; Work together with various partners to support a healthy, debris-free environment.
To drive this global mandate home, Coca-Cola Nigeria Limited have partnered with RecyclePoints, a waste recycling and social enterprise to actualize a corporate recycling program.

The program implores the company’s associates to weekly drop-off the recyclables they recovered from their homes or neighborhood at designated point at the company’s official car park where it’s program partners, RecyclePoints picks the recyclables up for onward processing.
This program which started with Coca-Cola associates soon attracted keen observers within the Ikoyi community where Coca-Cola Head office is located. Street sweepers, facility cleaners, domestic helps and lots of other residents within Ikoyi axis quickly subscribed to participate and earn rewards following the recycling rewards program facilitated by RecyclePoints recycling model.
This scheme has attracted over 75 registered subscribers who have so far deposited over 10,000 kilograms of plastic bottles/cans.
An official ceremony was held on Wednesday, September 30, 2020, at the Coca-Cola parking lot in Ikoyi to duly reward participants with exciting gifts, ranging from home appliances to foodstuff.
In attendance were the Permanent Secretary, Lagos State Ministry of Environment, Mrs. Belinda Aderonke Odeneye; Managing Director, Lagos Waste Management Authority, Mr. Ibrahim Adejuwon Odumboni; Executive Director, Extended Hands Foundation, Mrs. Stephanie Linus and Executive Director, RecyclePoints, Mr. Taiwo Adewole, to name a few.

Speaking on the initiative, the Public Affairs, Communications & Sustainability Manager, Coca-Cola Nigeria Limited, Nwamaka Onyemelukwe said, “We have always remained committed to ensuring we achieve our environmental goals and this initiative is one of the many ways we aim to do so. We all have the collective responsibility of keeping our environment clean and Coca-Cola is committed to promoting a sustainable environment through its plastic recycling and recovery activities.”
She further noted that the Covid-19 pandemic has caused hardship and economic loss to individuals and communities. As part of Coca-Cola’s efforts to support communities recover from the economic challenges posed by the pandemic, a post-covid economic empowerment programme tagged “Project Revive” has been launched.
The Project Revive will support the economic recovery and empowerment of women and youths whom have been most impacted by the pandemic. They will be equipped with recyclables collection materials, training and access to drop-off points or recycling banks where they can exchange their recyclables for cash or household supplies. We’re resolutely focused on how we can create value and contribute best to our collective recovery like never before.
As part of the event, a recycling bank was commissioned to aid the gathering and processing of the collected materials.
Commenting on the recycling bank, Aderonke Oduneye, permanent Secretary, Lagos State Ministry of Environment, added, “With this site, we’re making sure that the collection and onward processing of the recycled materials is made seamless and easy. We’re very optimistic about the project as we’re working on making this a first of many.”
“As partners, we are delighted to work with Coca-Cola to invest in the environment while in turn increasing the livelihood of our workers and Lagosians in general. We hope that we can inspire more residents to make a conscious effort to impact our environment positively” said Managing Director, Lagos Waste Management Authority, Ibrahim Adejuwon Odumboni.

Coca-Cola remains committed to ensuring the buy-in of everyone into the “World Without Waste” campaign and is much more committed to rewarding and encouraging, regardless of social class, those who participate in creating a sustainable environment for us all.
The Executive Director of RecyclePoints, Mr. Taiwo Adewole announced that their partnership with Coca-Cola will inform the setting up of more Recycling Banks and Drop-off Points in the country to make recycling very accessible and convenient for post-consumers to dispose their waste responsibly.
He stated that the target is to engage and empower 5,000 women before the end of the year under the Project Revive program and this will further strengthen Coca-Cola’s 5 by 20 ambition of empowering 5 million women entrepreneurs across its value change by 2020.
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.
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EFCC Arraigns Two FSDH Bank Officials Over $307k, €50k Fraud


EFCC
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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.
News
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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