IFC, Mohinani Group PET recycling initiative to create 4,000 jobs in Nigeria

The International Finance Corporation (IFC) has joined forces with the Mohinani Group to establish state-of-the-art PET recycling plants in Nigeria and Ghana, a collaboration expected to generate more than 4,000 jobs and strengthen West Africa’s circular economy.

Elena Bourganskaia, IFC Vice-President of Corporate Support, stated this during a delegation to the Mohinani Group’s flagship manufacturing facility in Ikorodu, Lagos State.

The visit underlined IFC’s endorsement of Mohinani’s pivotal role in boosting local manufacturing, fostering sustainable employment and driving economic growth across the region.

“What we’ve seen today is an example of how private-sector leadership, backed by targeted investment, can drive real change,” said Bourganskaia.

“At the IFC, we are proud to partner with companies that are not only scaling production but also building inclusive, green economies that work for people and the planet.”

During the tour, Bourganskaia met Mohinani’s senior management, including Rafael Pires, chief executive officer, Manufacturing.

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Pires emphasised the Group’s commitment to Nigeria’s industrial agenda through long-term capital investment, skills development and environmental stewardship.

“We are honoured to host the IFC Vice-President and showcase our efforts in supporting Nigeria’s industrial agenda,” Pires said.

“Through our cutting-edge PET recycling operations in Nigeria and Ghana, we transform post-consumer PET into high-quality flakes and both food-grade and non-food-grade pellets. This ensures a reliable, sustainable supply of packaging materials, reduces waste and supports a circular economy in Africa.”

The partnership will see the new recycling plants process some 15,000 tonnes of discarded plastic annually, with 90 per cent of raw materials sourced from local waste collectors and small-scale enterprises. By anchoring procurement in the community, the initiative is projected to create over 4,000 direct and indirect jobs, enhancing livelihoods and promoting inclusive growth.

This collaboration marks a significant step in public-private cooperation aimed at achieving self-sufficiency in manufacturing and furthering Nigeria and West Africa’s economic transformation.