FAE Ltd., a prominent envelope manufacturing and paper packaging company, has launched an eco-friendly copier paper brand named "Ecofine" to support environmental sustainability and boost Nigeria's domestic paper industry. The announcement was made on Thursday in Lagos by the company's Chief Executive Officer, Mrs Layo Bakare-Okeowo, during an event marking the 2026 World Envelope Day, observed annually on April 16. According to Bakare-Okeowo, Ecofine paper meets global environmental standards, prevents machine jamming, and delivers sharp print quality while supporting high performance. She emphasized the company's commitment to preserving the environment and responding to global sustainability concerns through locally produced paper solutions.
Bakare-Okeowo highlighted that Nigeria's paper industry remains underdeveloped despite its large population and economic potential, with only a few operational paper mills. She noted that a tonne of paper sells for about $1,300, underscoring the sector's profitability and Nigeria's capacity to meet local demand and export. Comparing Nigeria's output to Egypt's, she called for increased investment, revival of dormant paper mills, and supportive government policies. She cautioned against the push for a completely paperless society, stating that physical documents remain essential for communication and inclusion, particularly in rural areas. Even in developed nations, she said, paper and envelopes are still widely used alongside digital systems.
Leye Kupoluyi, President of the Lagos Chamber of Commerce and Industry (LCCI), described the paper industry as a multi-billion naira sector that has declined over the years and requires urgent revitalization. He stressed the continued importance of paper in education, manufacturing, services, and business documentation, urging stakeholders to reposition the industry for growth and economic contribution.
The launch of Ecofine paper by FAE Ltd. reflects a strategic move to align Nigeria's manufacturing sector with global environmental standards while addressing domestic reliance on imported paper. With Nigeria possessing the capacity to produce enough paper for local use and export, as highlighted by the CEO's reference to a $1,300 per tonne market value, the revival of the sector could yield significant economic returns. The emphasis on maintaining paper use alongside digital systems supports inclusivity, especially in areas with limited digital access. This initiative signals that sustainable industrial growth is achievable when private sector innovation meets policy support.
💡 NaijaBuzz is an AI-assisted news aggregator. This content is curated from third-party sources — NaijaBuzz is not the original publisher and is not responsible for the accuracy of source reporting. The NaijaBuzz Take is AI-assisted editorial opinion only, not established fact. All persons mentioned are presumed innocent until proven guilty by a court of competent jurisdiction. NaijaBuzz does not endorse the views expressed in source articles.
