2.5 millions tons of waste tyres are generated in Nigeria annually a report from the Abuja Chamber of Commerce and Industry (ACCI) a report by the President of the Chamber, Prince Adetokumbo Kayode on January 31 2020.
2.5 million tons of waste plastic is also generated in Nigeria annually. 35,000 tons of waste plastic is housed in our major river-River Niger(UNEP, 2018).
In 2019 alone 18 billion litres of petrol was supplied in Nigeria, a report by PPPRA. Yet we suffered from scarcity of gasoline for industrial and domestic usage.
Our gasoline from waste tyres and plastic is 34% cheaper in price, cleaner, greener, less carbon and sulfur content than the conventional fossil fuel.
Nigeria in terms of energy generation is deficit as it solely depends on "black gold" as the only viable alternative energy sources.
No adequate facility to manage millions of this waste generated in Nigeria often result to there burning, this poses a lot of respiratory health challenge to children and the general public.
Energy is a daily need for industral and domestic usage which we suffer from it lack with 78% hike on tariff on the little electricity supply from the government this negatively affect the economic growth, cost of production and cost of goods and services as 90% of productions and services depends on self generated energy through gasoline engines.
With Pyrolysis technology we can convert waste tyres and plastic into a cleaner, greener and very affordable gasoline for energy generation, this in turn will positively affect the economic growth of Nigeria, reduce high cost of production, goods and services resulting from high cost of energy generation.The citizens will save more money, as they will spend less in accessing goods and services.The environment in turn will be cleaner and greener as the high carbon content daily released from burning of waste tyres and plastic will be no more. Also citizens will make an average of $5-15 dollars daily as we will engage them in buying of there waste tyres and plastic, accident resulting from the usage of expired tyres will be reduced since motorists get compensated for submitting there expired tyres in generally we will have a saver, cleaner, greener, and sustainable environment.
A study — Socioeconomic and Environmental Implications of waste Residue Burning mentions that the stubble burning results in emission of harmful gases such as carbon monoxide, N2O, NO2, SO2, CH4 along with particulate matter and hydrocarbons.