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Firm tasks government on infrastructural development


[FILES] Lexzs Plastic Limited. Photo/azmarineberg

A recycling company, Lexsz Plastics has called on the federal government to create an enabling environment for businesses and address infrastructure challenges in order to attract foreign direct investment (FDIs) into the country.

The Executive Director, Lexsz Plastics, Oba Olufemi Akowe, explained that despite the harsh business environment in the country, Nigeria still remains an investment destination for both local and foreign investments.

Akowe in a parley with journalists said the firm believes in Nigeria and would continue to invest with a view to becoming the market leader in the growth and development of Nigerian plastics.


In his words: “There is nothing wrong in becoming the major market leader in this sector. We believe very strongly in the growth and development of the Nigerian economy and we are poised to take due advantage of the potential in this market.”

According to him, for eight years, the firm has been empowering public, private sector operators in clearing waste in the environment which were later bought and paid for by the company as raw materials.

He pointed out that since inception in 2011, it has relied solely on waste supply from individuals, government agencies and dump site to get raw materials for production.

“We rely on individuals who go round the cities and towns picking wastes and later sell to us. We also help the governments in some South West states to clear the state dump sites and even pay their agencies.

“With four production lines dedicated to refining and processing, Lexsz is a leader in the entire West Africa largest plastics recycling enterprise,” he said.

Akowe disclosed that the company generates its own electricity through installation of high powered megawatts of electricity through gas turbines from NNPC and with over 10,000 local workers, the company’s products do not only save a lot of energy and resources, but also effective in protecting areas in Lagos from environmental pollution.

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