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    Ethiopia

    Attackers kill 60 people in Ethiopia’s conflict-hit Oromiya region, Orthodox church says

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    Jailed Tanzanian opposition leader begins hunger strike

    Dozens of Somali soldiers killed in battle with al Shabaab, soldiers say

    Dozens of Somali soldiers killed in battle with al Shabaab, soldiers say

    Algeria to send troops to Niger in first foreign deployment since 1973

    Algeria to send troops to Niger in first foreign deployment since 1973

    Uganda starts clinical trial of vaccine for Sudan strain of Ebola

    Uganda imposes 21-day quarantine on citizens returning from Congo

    AU grants $10.4m for Mpox emergency response

    Ebola scientists to probe Nigeria case origin, Africa CDC says

    Nigeria’s Tinubu launches re-election campaign as economic pain tests support

    Nigeria’s Tinubu launches re-election campaign as economic pain tests support

    Gabon

    Borr Drilling rig sinks off Gabon, one person dead and four missing

    Senegal’s legislative elections: Prime minister calls for retaliation against “attacks” on supporter

    Senegal party that controls parliament comes out against revised budget bill

  • Analysis
    • All
    • Climate Change
    • Digital & Tech
    • Economy
    • Energy & Power
    • Health
    • Politics
    • Security
    • Society
    Abiy Ahmed Tested: How the Tigray Alliance Is Reshaping Ethiopia’s Security—And What Comes Next

    Abiy Ahmed Tested: How the Tigray Alliance Is Reshaping Ethiopia’s Security—And What Comes Next

    UN report says Africa’s share of global trade stands at 3 percent

    AfCFTA: The Trade Rules Poised to Weave Africa’s Fragmented Textile Markets into One

    Four killed, hundreds arrested in Angola fuel hike protests

    Angola’s fuel subsidies spending projected to hit $4 billion in 2026, official says

    Kenya boosts Ebola preparedness after registering first case

    Kenya confirms four new Ebola cases, bringing total number to seven

    The global panel on inequality needs African evidence: here’s how it could work

    The global panel on inequality needs African evidence: here’s how it could work

    Why Africa needs a new credit agency

    Why Africa needs a new credit agency

    Japan signs deal with Namibia to explore for rare earth minerals

    Africa’s mineral strength is wasted if countries don’t work together – new report

    Ethiopia: at least 40 army allies killed in drone strike

    Ethiopia’s peace deal is unravelling – what went wrong with the Tigray agreement

    DRC on a mission to financing the world’s largest hydropower dam

    DR Congo: The INGA Dam Paradox

  • Studies
    China could drive Africa’s renewable energy revolution, report says

    A study shows wind and solar projects in Kenya and South Africa don’t always benefit the communities that host them

    Angola’s lengthy war shaped the way farmers utilised fire—why it matters

    Angola’s lengthy war shaped the way farmers utilised fire—why it matters

    Schooling is the most severely affected by conflict when children are the target – Study

    Schooling is the most severely affected by conflict when children are the target – Study

    Pensions for Botswana’s elderly are expanding, but care services are lacking—study follows 20 years

    Pensions for Botswana’s elderly are expanding, but care services are lacking—study follows 20 years

    60 new cosmic structures have been discovered by South Africa’s MeerKAT telescope, which is mapping previously unseen gaps between galaxies

    60 new cosmic structures have been discovered by South Africa’s MeerKAT telescope, which is mapping previously unseen gaps between galaxies

    Benin government says armed forces foil coup attempt

    Coup contagion? A rash of African power grabs suggests copycats are taking note of others’ success

    One in three South Africans have never heard of AI: what this means for policy

    One in three South Africans have never heard of AI: what this means for policy

    Social Media as a Catalyst for the Spread of Dangerous Wealth Ritual Myths

    Social Media as a Catalyst for the Spread of Dangerous Wealth Ritual Myths

    Overcoming Education Barriers for Young Mothers in Sub-Saharan Africa

    Overcoming Education Barriers for Young Mothers in Sub-Saharan Africa

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    Ahmad Baba al-Timbukti (1556-1627): Writer and scholar

    Ahmad Baba al-Timbukti (1556-1627): Writer and scholar

    Namibia: Anger over Dubai COP28 trip by president Geingob’s children

    Hage Geingob (1941–2024): Former President of Namibia

    Cape Verde president says governments must discuss colonial reparations

    José Maria Neves: President of Cape Verde

    Jorge Bom Jesus: Linguist and former Prime Minister of São Tomé and Príncipe

    Jorge Bom Jesus: Linguist and former Prime Minister of São Tomé and Príncipe

    Joseph Leabua Jonathan (1914-1987): Former Prime Minister of Lesotho

    Joseph Leabua Jonathan (1914-1987): Former Prime Minister of Lesotho

    Gambia’s president Barrow faces backlash over ‘death wish’ on archrival

    Adama Barrow: President of the Republic of The Gambia

    Rwandan President Paul Kagame announces he will run for a fourth term

    Paul Kagame: Former military officer and president of Rwanda

    Zumbi dos Palmares (1655-1695): Afro-Brazilian leader of the great Palmares Quilombo

    Zumbi dos Palmares (1655-1695): Afro-Brazilian leader of the great Palmares Quilombo

    Léon M’ba (1902-1967): First president of independent Gabon

    Léon M’ba (1902-1967): First president of independent Gabon

  • History
    Kwanza Corridor-Cultural Landscape, Angola

    Kwanza Corridor-Cultural Landscape, Angola

    Loango ancient slavery harbour, the Republic of the Congo

    Loango ancient slavery harbour, the Republic of the Congo

    Archaeological site of Tchitundu-Hulu, Angola

    Archaeological site of Tchitundu-Hulu, Angola

    Manovo-Gounda St. Floris National Park, Central African Republic

    Manovo-Gounda St. Floris National Park, Central African Republic

    Lake Malawi (Lake Nyasa) National Park, Malawi

    Lake Malawi (Lake Nyasa) National Park, Malawi

    Fasil Ghebbi, Gondar Region, Ethiopia

    Fasil Ghebbi, Gondar Region, Ethiopia

    Bwindi Impenetrable National Park, Uganda

    Bwindi Impenetrable National Park, Uganda

    Fort Jesus, Mombasa, Kenya

    Fort Jesus, Mombasa, Kenya

    Comoé National Park, Côte d’Ivoire (Ivory Coast)

    Comoé National Park, Côte d’Ivoire (Ivory Coast)

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Qiraat Africa
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Home News Economy

Lagos eyes $250bn revenue from waste-to-wealth projects

December 21, 2025
Nigeria’s Lagos gets $1.35 billion deal with Afrexim, Access on investments

Copyright: Lagos state government.

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The Lagos State Government and other key stakeholders have intensified their commitment to environmental initiatives, aiming to tap into Nigeria’s $250bn green economy potential.

During the 6th Lagos Waste Forum held in Lagos, leaders from the public and private sectors converged to discuss strategies for transforming waste into a driver of economic resilience.

According to a statement, the SWEEP Foundation NG organised the event, with support from UNIDO, the European Union, and Coca-Cola Nigeria, under the theme ‘The Power of Nigeria’s Waste Economy’.

The Special Adviser on the Environment, Olakunle Rotimi-Akodu, who represented Governor Babajide Sanwo-Olu, emphasised the state’s strategic role in Nigeria’s circular economy. He noted that while the city generates massive waste, it also offers a goldmine for innovation.

“Lagos generates vast quantities of waste, but within this challenge lies a significant opportunity, one realised through structure, innovation, and entrepreneurial intelligence,” the Governor’s representative stated.

He further explained that agencies like the Lagos Waste Management Authority, under the leadership of the Managing Director, Dr Muyiwa Gbadegesin, are building an integrated framework. He said this framework “positions Lagos as a hub of circular economy innovation.”

Read also

Jailed Tanzanian opposition leader begins hunger strike

Dozens of Somali soldiers killed in battle with al Shabaab, soldiers say

Algeria to send troops to Niger in first foreign deployment since 1973

A representative of the Food and Beverage Recycling Alliance provided a breakdown of the sector’s financial promise. The representative cited the Federal Government and UNDP’s Imagine Nigeria report, which identifies a green economy potential of up to $250bn.

“Circularity is not just an ecological necessity but a strategic pathway to jobs, innovation, and environmental protection,” the FBRA official noted. The alliance highlighted that Nigeria produces 32 million tonnes of waste annually, with Lagos alone generating N18bn in recycling value in 2021.

The President and CEO of SWEEP Foundation NG, Obuesi Phillips, described dumpsites as emerging “waste mines.” He advocated for the creation of a Ministry of Waste Resources and a dedicated Green Bank to offer single-digit interest loans to waste-to-wealth entrepreneurs.

The Ogun State Commissioner for the Environment, Dr Ola Oresanya, delivered the forum’s lecture, stressing the need for evidence-based interventions. He urged governments to move beyond mere policy declarations to achieve sustainable environmental results.

“Solutions must be guided by research, innovation, and evidence-based interventions tailored to Nigeria’s local contexts,” Oresanya said. He also called for a technically skilled environmental workforce across all levels of government.

Other notable attendees included the Special Adviser on Climate Change and Circular Economy, Titi Oshodi; the Executive Director of Circular Economy Innovation Partnership, Natalie Beinisch; and UNIDO Field Coordination and Gender Expert, Emem Umana.

The forum concluded with participants pledging to prioritise financing, technology adoption, and community engagement. The stakeholders agreed that these pillars would accelerate Nigeria’s transition to a resource-efficient and climate-smart waste ecosystem.

Source: APA News
Tags: LagosNigeriawaste-to-wealth

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