• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Friday, August 8, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Unilever Seals $2m Partnership Agreement On Plastic Waste

by Kingsley Okoh
2 years ago
in Business
unilever
Share on WhatsAppShare on FacebookShare on XTelegram

Unilever Nigeria and Bridges Outcomes Partnerships have entered into a $2 million US partnership to help social enterprise Wecyclers expand plastic waste collection in the country.

Advertisement

This is as it expressed  concerns over the increasing plastic waste hyped by a surge in consumption of plastic beverages, foods, among others.

Besides, the United Nation Industrial Development Organisation (UNIDO) had stated that consumption of plastics in Nigeria jumped by 116.26 per cent within a period of 15 years to 1.25 million tonnes.

Addressing a press briefing to seal the deal and mark its centenary celebration, the partnership set up through an innovative ‘Development Impact Bond’ structured by French investment bank, Societe Generale, will allow Wecyclers to create hundreds of jobs to scale up operations that takes up plastics waste out of the environment to be used as raw materials for industries.

According to the managing director, Unilever Nigeria, Mr. Carl Cruz, Unilever Nigeria and Wecyclers have been working together since 2014 as part of Unilever’s ‘waste to wealth’ campaign, designed to help local organisations work out ways on how to create value and jobs from the reduction, collection, recycling, and reusing of plastic waste.

RELATED

Sterling Bank

Sterling Bank Lists First ₦2billion Education Fund Beneficiaries

6 hours ago
Kano Govt Renames KUST After Dangote

Dangote Sees Growth In Export Of Refined Products With $1.35Bn Afreximbank’s Deal

21 hours ago

He stated that, under the partnership, seed funding from Unilever, UK Government and EY joint project called Transform helped Wecyclers expand their successful franchise and collection model.

He, however, stated that, as an entrepreneurial social enterprise, Wecyclers lacked access to the long-term funding needed to build on that progress and significantly scale up this model.

“The unique Development Impact Bond provides a solution to that challenge. It includes social, environmental, and financial targets, which will see Wecyclers collect more than 30,000 tonnes of plastic waste over the next five years, create over 700 jobs in recycling franchises across Nigeria, and improve the incomes of thousands of waste sorters.

“This funding is a major step forward for us in our work to ensure plastics waste stays out of the Nigerian environment,” he said.

On his part, the managing director, Wecyclers, Mr. Wale Adebiyi, said Wecyclers started with one bicycle and a dream, and through hard work and entrepreneurship, it has built a scalable model courtesy of the Development Impact Bond that will create hundreds of jobs, and improve the income of thousands of sorters, expected to earn 25 per cent more than they do currently.

“All the partners involved hope this experience in Nigeria will inspire the further development and use of such Bonds globally to finance organisations tackling similar challenges,” he added.


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel




SendShareTweetShare
Previous Post

Air Peace Begins Direct Flight To Israel

Next Post

Runners Throng Abuja Int’l Marathon Expo To Collect Kits

Kingsley Okoh

Kingsley Okoh

You May Like

Sterling Bank
Business

Sterling Bank Lists First ₦2billion Education Fund Beneficiaries

2025/08/08
Kano Govt Renames KUST After Dangote
Business

Dangote Sees Growth In Export Of Refined Products With $1.35Bn Afreximbank’s Deal

2025/08/07
Egbin Power Advances Energy Transition Drive, Appoint New CEO
Business

‘Egbin Power Plc, Ikeja Electric, FIPL Not In Receivership’

2025/08/07
NIMR Faces Power Outage Over ₦38m Debt
Business

Nigeria’s Power Market To Hit $503.67m By 2030 – Report

2025/08/07
FAAN Signs Capacity Building MoU With Dubai-based Firm
Business

Expansion Of Terminal 2 Part Of Airport Renovation – FAAN

2025/08/07
Niger/Kogi Customs Seize Car, Others Worth N755m
Business

Ahead Of Take-off, Customs Engage Importers, Operators On AEO Migration

2025/08/07
Leadership Conference advertisement

LATEST

Governor Sule Connects More Rural Communities, Flags Off Wamba-Nassarawa Eggon Link Road

Synagogue Church Holds Special Service Today

FCTA Begins Procurement For New Waste Contracts

Ex-Terrorists’ Integration Will Fail Without Community’s Acceptance – Brig-Gen Ali

Binani Hosts UK Envoy, Discusses Gender Inclusion

FG Issues Mandatory Compliance Directive To MDAs

Benue Takes Delivery Of Machines For Brewery, Juice Factories

FG Sets Up Agri-business For Ex-combatants, Others

30 Zamfara Communities Protest Worsening Insecurity

Nigerian Women And Exclusive Breastfeeding

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.