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GROUP 1 – Wealth Creation
CREATING WEALTH FROM WASTE MATERIALS
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BRIEF INTRODUCTION DEFINITION WASTE Waste materials Wealth
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Waste is considered by most people as useless
Waste remains a part of our life as long as we exist, everybody produce waste Waste is considered by most people as useless From this presentation we will see that waste isn’t entirely useless because there are people and businesses who will pay to have them.
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Waste materials There are different categories of waste Organic
Agricultural waste Food waste Inorganic Metal Plastic Textile Paper
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Everybody fights for survival and everybody wants money
Wealth Creation Everybody fights for survival and everybody wants money
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Service: collection and sale of metal waste
Approach Service: collection and sale of metal waste Capacity: Mobilizing the Scavengers Market: Industries and companies
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Scavenging and Collection of the metals Transportation Sorting
Methodology Scavenging and Collection of the metals Transportation Sorting Weighing Sales
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Budget Types of expenditure Amount budgeted Cash at hand
Amount remaining Scavengers(30) 3,600,000 Transportation(collection trucks) 10,000,000 Rent 200,000 Building of structures and land 500,000 Other equipment
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Challenges Stereotype Health and environmental hazards Land space
Man power Poor infrastructure Transportation challenge
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Findings Reduced environmental pollution Creation of job opportunities
Easily managed even by unskilled personnel Ease of Transportation Highly profitable Easy to start-up Requires less labour
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Recommendations Waste products should well sorted Public awareness
Government policies
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