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    Ugandan kingdom gripped by succession battle after monarch’s death

    Ugandan kingdom gripped by succession battle after monarch’s death

    Drought-hit Chad bans some crop exports to avert food crisis

    Drought-hit Chad bans some crop exports to avert food crisis

    Discontent runs high as Ghana readies to vote on Saturday

    Ghana’s economy expands 6% in second quarter, driven by communications sector

    Gambian soldier jailed for failed coup against President Barrow

    Gambian leader vows power boost after violent blackout protests

    Zimbabwe to introduce lithium export quotas, sets conditions for resumption of shipments

    India’s Lohum ships first lithium ore from Zimbabwe, starts overseas mining

    Kenya offers temporary amnesty to undocumented East Africans amid fears of crackdown

    Kenya offers temporary amnesty to undocumented East Africans amid fears of crackdown

    International financial crime watchdog removes Senegal from ‘grey list,’ adds some others

    Senegal will reprofile debt instead of restructuring, prime minister says

    DR Congo eyes US minerals deal by end of June, FT reports

    DRC tightens state control over mining data in bid to boost influence over its vast mineral wealth

    DRC: Displaced Pygmy community struggles far from the forest

    DRC: Displaced Pygmy community struggles far from the forest

  • Analysis
    • All
    • Climate Change
    • Digital & Tech
    • Economy
    • Energy & Power
    • Health
    • Politics
    • Security
    • Society
    DRC on a mission to financing the world’s largest hydropower dam

    DR Congo: The INGA Dam Paradox

    Cameroon uncovers more than 200 illegal gold mines, mostly foreign-owned

    Mineral Beneficiation: A Pipedream of Prosperity in an Unequal Financial Architecture

    Zambia signs $1.1 Billion deal to build major oil refinery in Copperbelt

    Is Zambia’s Economy Rebounding Under President Hakainde Hichilema?

    Nigeria considers crude supply reforms to aid Dangote, other refiners

    Refinery rivalry: billion‑dollar oil projects expose East Africa’s long‑running regional tensions

    Zambia’s chaotic but decisive election: government demonstrates strength, democracy shows weakness

    Zambia’s chaotic but decisive election: government demonstrates strength, democracy shows weakness

    African Finance Corp says Gabon political situation a ‘good coup’

    Why African countries must rethink how they grow their economies

    DR Congo says it will receive third-country deportees under new deal with US

    Beyond the Outbreak: How Ebola Reshaped East & Central Africa’s Economies

    What Happens After Dandora? Kenya’s Green Transition Faces Its Hardest Test

    What Happens After Dandora? Kenya’s Green Transition Faces Its Hardest Test

    African entrepreneurs work in challenging environments, and others may benefit from the skills they have developed

    African entrepreneurs work in challenging environments, and others may benefit from the skills they have developed

  • 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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    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

    Namibia to vote in toughest election yet for ruling party

    Netumbo Nandi-Ndaitwah: President of Namibia

    Ahmadu Bello (1910-1966): Nigerian statesman

    Ahmadu Bello (1910-1966): Nigerian statesman

    Cameroon President Paul Biya marks 41 years in power

    Paul Biya: President of Cameroon

    Al-Hajj Salim Suwari (fl. c. 13th–15th century): West African Soninke Islamic scholar

    Al-Hajj Salim Suwari (fl. c. 13th–15th century): West African Soninke Islamic scholar

    Strive Masiyiwa: Zimbabwean businessman and philanthropist

    Strive Masiyiwa: Zimbabwean businessman and philanthropist

    Diébédo Francis Kéré: Burkinabé-German architect

    Diébédo Francis Kéré: Burkinabé-German architect

    Herbert Wigwe (1966-2024): Nigerian banker and businessman

    Herbert Wigwe (1966-2024): Nigerian banker and businessman

  • History
    Lower Valley of the Omo, Ethiopia

    Lower Valley of the Omo, Ethiopia

    Sudano-Sahelian style mosques, northern Côte d’Ivoire

    Sudano-Sahelian style mosques, northern Côte d’Ivoire

    Taï National Park, Côte d’Ivoire

    Taï National Park, Côte d’Ivoire

    Medinas, the Historic Sultanates of the Comoros

    Medinas, the Historic Sultanates of the Comoros

    Aldabra Atoll, Seychelles

    Aldabra Atoll, Seychelles

    Le Morne Cultural Landscape, Mauritius

    Le Morne Cultural Landscape, Mauritius

    Mount Nimba Strict Nature Reserve, Guinea and Côte d’Ivoire

    Mount Nimba Strict Nature Reserve, Guinea and Côte d’Ivoire

    Sangha Trinational, north-western Congo Basin

    Sangha Trinational, north-western Congo Basin

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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’.

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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.”

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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