E-WASTE RECYCLING & REFURBISHMENT BUSINESS PLAN

TABLE OF CONTENTS

Cover Page
Executive Summary

1.0 Executive Summary

1.1 Mission Statement
1.2 Vision Statement
1.3 Core Values
1.4 Business Objectives
1.5 Products and Services
1.6 Market Opportunity
1.8 Startup Cost and Funding Requirement
1.9 Expected Financial Performance Summary

2.0 Business Description

2.1 Company Overview
2.2 Company Name and Legal Status
2.3 Ownership and Management Structure
2.4 Business Location and Facilities
2.5 Legal Structure
2.6 Strategic Goals
2.7 Key Success Factors
2.8 Industry Outlook

3.0 Market Analysis

3.1 Industry Overview
3.2 Target Market
3.3 Market Trends
3.4 Market Demand Estimate
3.5 Competitive Analysis
    3.5.1 Key Competitors
    3.5.2 Competitor Strengths and Weaknesses
    3.5.3 Competitive Advantage
3.6 SWOT Analysis

4.0 Operations Plan

4.1 Location and Facilities
4.2 Equipment and Machinery
4.3 Production Process
4.4 Staffing and Organization
4.5 Quality Control
4.6 Health, Safety, and Environment

5.0 Organizational Structure and Management Plan

5.1 Ownership Structure
5.2 Management Team
5.3 Advisory Team
5.4 Organizational Chart
5.5 Staff Development Plan
5.6 Succession Planning

6.0 Marketing Plan

6.1 Product and Service Offerings
6.2 Unique Selling Proposition (USP)
6.3 Pricing Strategy
6.4 Promotion Strategy
6.5 Distribution and Logistics
6.6 Strategic Partnerships
6.7 Customer Retention Strategy

7.0 Management and Organizational Structure

7.1 Board of Directors
7.2 General Manager (GM)
7.3 Departmental Heads
7.4 Operational Staff
7.5 Organizational Chart

8.0 Financial Plan and Projections

8.1 Key Financial Assumptions
8.2 Startup Capital Requirements
8.3 Sources of Funding
8.4 Monthly Revenue Forecast (Year 1)
8.5 Annual Revenue Projection (Years 1–3)
8.6 Projected Cost of Goods Sold (COGS)
8.7 Operating Expenses
8.8 Profit & Loss Statement (Years 1–3)
8.9 Cash Flow Projection (Year 1)
8.10 Financial Performance Summary
8.11 Financial Highlights
8.12 Projected Balance Sheet (Year 1 – Summarized)
8.13 Key Financial Ratios (Year 1)
8.14 Break-even Analysis
8.15 Sensitivity Analysis (3 Key Scenarios)
8.16 Investment Return Summary
8.17 Summary & Practical Recommendations

9.0 Marketing and Sales Strategy

9.1 Target Market
9.2 Unique Selling Propositions (USP)
9.3 Promotional Strategy
9.4 Sales Forecast

10.0 Risk Analysis

10.1 Market Risks
10.2 Financial Risks
10.3 Operational Risks
10.4 Regulatory Risks
10.5 Competitive Risks
10.6 Economic Risks
10.7 Safety and Environmental Risks

11.0 Sustainability and Environmental Considerations

11.1 Environmental Responsibility
11.2 Socio-Economic Impact

12.0 Exit Strategy

13.0 Appendices

Appendix A: Key Assumptions
Appendix B: Regulatory Bodies
Appendix C: Equipment Summary
Appendix D: Abbreviations

1.0 EXECUTIVE SUMMARY

The E-Waste Recycling & Refurbishment Business is a proposed environmentally responsible enterprise based in Lagos State, Nigeria, focused on the collection, recycling, refurbishment, and resale of electronic waste (e-waste). The business will address the growing challenge of electronic waste management while creating sustainable economic value through material recovery and refurbished electronics sales.

Lagos State generates over 500,000 tonnes of e-waste annually due to rapid urbanization, population growth, increased ICT penetration, and frequent device replacement cycles. Most of this waste is currently handled by informal recyclers using unsafe methods, resulting in severe environmental and health risks. This business will operate as a formal, licensed, and environmentally compliant recycling facility, offering safe disposal, component recovery, and refurbishment services.

The company will generate revenue from:

• Sale of recovered metals (copper, aluminum, steel, precious metals)
• Refurbished laptops, desktops, phones, and accessories
• Certified e-waste collection services for corporate organizations
• Export of processed e-waste fractions to certified international refiners

The project is expected to achieve operational profitability by the end of Year 1, with strong growth prospects driven by ESG demand, government regulation, and rising awareness of circular economy practices.

1.1 Mission Statement

To provide safe, efficient, and environmentally compliant e-waste recycling and refurbishment services in Lagos State while promoting sustainable resource recovery, job creation, and environmental protection.

1.2 Vision Statement

To become one of Nigeria’s leading formal e-waste recycling and refurbishment companies, recognized for environmental stewardship, operational excellence, and contribution to the circular economy.

1.3 Core Values

• Environmental Responsibility
• Health and Safety Compliance
• Integrity and Transparency
• Innovation and Continuous Improvement
• Community and Social Impact

1.4 Business Objectives

• Establish a fully licensed e-waste recycling facility within 12 months
• Process a minimum of 3,000 tonnes of e-waste annually by Year 3
• Refurbish and resell at least 6,000 electronic devices annually
• Achieve break-even within the first 10–12 months
• Build long-term partnerships with corporates, telecoms, and government agencies

1.5 Products and Services

• E-waste collection and logistics
• Manual and mechanical dismantling of electronics
• Recovery of reusable components and raw materials
• Refurbishment and resale of electronics
• Data destruction and certification services
• Environmentally compliant disposal of non-recyclable waste

1.6 Market Opportunity

Nigeria is Africa’s largest importer and consumer of electronic devices. Lagos State alone accounts for over 40% of Nigeria’s ICT usage. With tightening environmental regulations and increasing corporate ESG commitments, demand for formal e-waste recycling services is rising rapidly.

Key drivers include:

• Growth in telecoms, fintech, and data centers
• Corporate device refresh cycles
• Increased enforcement by NESREA and LASEPA
• Export demand for processed e-waste materials

1.8 Startup Cost and Funding Requirement (Summary)

The estimated startup capital requirement for the project is ₦480 million, covering land lease, equipment, vehicles, regulatory compliance, and working capital.

Funding will be sourced through a mix of equity investment, bank financing, and green/impact funding.

1.9 Expected Financial Performance Summary

• Year 1 Revenue: ~₦620 million
• Year 1 Net Margin: 8–10%
• Payback Period: 2.5–3 years
• IRR: ~24–28%
• Strong ESG and impact-driven valuation upside

2.0 BUSINESS DESCRIPTION

2.1 Company Overview

The business will operate as a private limited liability company engaged in e-waste recycling, refurbishment, and responsible disposal. Operations will comply fully with Nigerian environmental regulations and international best practices for e-waste handling.

The company will combine manual dismantling with semi-mechanized processing, ensuring high recovery rates while maintaining safety and environmental standards.

2.2 Company Name and Legal Status

Proposed Company Name:
EcoCycle E-Waste Recycling & Refurbishment Ltd

Legal Status:
Private Limited Liability Company registered with the Corporate Affairs Commission (CAC), Nigeria.

2.3 Ownership and Management Structure

The company will be owned by founding shareholders and strategic investors. Management will consist of professionals with experience in waste management, engineering, operations, and finance.

2.4 Business Location and Facilities

Proposed Location:
Industrial corridor – Ikorodu / Agbara axis, Lagos State

Facilities Include:

• E-waste sorting and dismantling hall
• Refurbishment and testing workshop
• Secure data destruction room
• Warehouse and storage area
• Administrative offices

2.5 Legal Structure

The company will operate under:

• Companies and Allied Matters Act (CAMA)
• NESREA E-Waste Regulations
• Lagos State Environmental Laws
• International Basel Convention guidelines

2.6 Strategic Goals

• Build a scalable, compliant recycling operation
• Establish long-term supply agreements
• Develop a strong refurbished electronics brand
• Expand into lithium-ion and advanced electronics recycling

2.7 Key Success Factors

• Regulatory compliance and certifications
• Reliable e-waste supply channels
• Skilled technical workforce
• Strong corporate and institutional partnerships
• Efficient logistics and processing systems

2.8 Industry Outlook

The Nigerian e-waste recycling industry is transitioning from informal to formal operations. Government policy, donor funding, and private sector involvement are accelerating this shift, positioning compliant operators for long-term growth.

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