The era of waste materials littering major cities in Nigeria may soon be over as an Italian firm, Management Environmental Finance (MEFIN), has indicated interest to invest 40 million euros in a recycling plant in Calabar, the Cross River State capital in a pilot scheme that is billed to go round the country.
In a presentation at the Governor’s office, in Calabar at the weekend, the leader of MEFIN, Mr Chinedu Okpalama, accompanied by other Italians, disclosed that the project will soon be replicated in urban cities in Nigeria having solid wastes, that would be recycled into raw materials for other industrial uses.
The wastes will also be converted into renewable energy in some states with no funding from the government. He said the European-based outfit would take over all financing and utilisation of the products to be generated from the project.
Mr Okpalama said: “It will cost Cross River nothing to install the plant as the company is committed to using the state as its pilot for the establishment of the plant in Nigeria and it is going to invest 40 million euros initial fund.”
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