A revolutionary plan to recycle waste polymer notes as a way of disposing properly the worrisome plastic wastes, has been unveiled by the Central Bank of Nigeria, CBN.
The bank made this announcement on Tuesday as it marked the World Environment Day 2018.
The United Nations sets aside June 5 every year to encourage worldwide awareness and action for the protection of the environment. This year’s theme is ‘Beat Plastic Pollution.’
Making the announcement in Abuja, CBN Governor, Mr Godwin Emefiele, said: “It is gratifying to inform you that in line with the bank’s commitment to a green and low carbon economy, management has approved the recycling of our paper waste into tissue paper, which will be donated to the society, as part of our Corporate Social Responsibility.
“Management is also in the process of concluding the recycling of our polymer note wastes into everyday plastics such as flower pots, dustbins etc., and the disposal of our electronic waste in an environmentally sound manner.”
The bank’s resolve followed a global call for action to reduce plastic consumption and ensure a healthy environment.
A MacArthur Foundation report to the World Economic Forum in 2016 had raised the alarm that only 14 per cent of plastics used in packaging is collected for recycling globally.