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    SA President Ramaphosa launches Nelson Mandela Rules Academy at prison

    SA President Ramaphosa launches Nelson Mandela Rules Academy at prison

    Students turn on Senegalese government over Dakar university violence

    Students turn on Senegalese government over Dakar university violence

    Zimbabwe’s President Mnangagwa sworn in after a contested election

    Uproar in Zimbabwe over cabinet plan to extend president’s rule to 2030

    Ethiopia says Ghebreyesus, WHO chief has links to rebellious Tigrayan forces

    WHO urges US to share Covid origins findings

    Madagascan President Randrianirina visits city devastated by Cyclone Gezani

    Madagascan President Randrianirina visits city devastated by Cyclone Gezani

    India pulls out of Russian-backed Mali lithium project over security risks, sources say

    India pulls out of Russian-backed Mali lithium project over security risks, sources say

    Nigeria’s state-owned NNPC records $4.2 billion after-tax profit in 2025

    Nigeria’s state-owned NNPC records $4.2 billion after-tax profit in 2025

    DR Congo president calls for swift withdrawal of UN peacekeepers

    UN to launch reconnaissance flights to support eastern Congo ceasefire

    Cameroon President Paul Biya marks 41 years in power

    Cameroon President Biya delays elections once again

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    Security expert explains why the US can destroy terrorist bases in Nigeria but not terrorism

    Security expert explains why the US can destroy terrorist bases in Nigeria but not terrorism

    Africa’s informal economy taxation: the potential and drawbacks of technology

    Africa’s informal economy taxation: the potential and drawbacks of technology

    Ethiopia expects preliminary deal on IMF review within days, finance minister says

    Key events in Ethiopia’s journey towards debt restructuring

    BRICS Plus and the Shifting Global Power Balance: Implications of South Africa’s Role

    BRICS Plus and the Shifting Global Power Balance: Implications of South Africa’s Role

    African Union suspends Niger over coup, prepares sanctions; France denies report it asked Algeria to use airspace for a Niger operation

    Leaders in Africa’s human rights institutions are being elected. Why it matters

    Sahel Alliance leaders meet in Bamako to deepen break with ECOWAS

    The AES and the Reconfiguration of Regional Security Architecture: A Look at the 2025 Bamako Summit

    Somaliland rejects visas issued by Somalia and tightens control over its airpsace

    Why is Somaliland strategically important?

    US airstrikes in northern Nigeria: potential windfalls and dangers

    US airstrikes in northern Nigeria: potential windfalls and dangers

    Why France’s Focus is Shifting to Anglophone Africa

    Why France’s Focus is Shifting to Anglophone Africa

  • Studies
    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

    Youth Empowerment Through Vocational Training in Rural Sub-Saharan Africa

    Youth Empowerment Through Vocational Training in Rural Sub-Saharan Africa

    Manufacturers in Ghana and Nigeria claim that although corruption damages businesses, digital technologies provide a chance to combat it

    Manufacturers in Ghana and Nigeria claim that although corruption damages businesses, digital technologies provide a chance to combat it

    Environmental Threats and Conservation Efforts in Namibia

    Environmental Threats and Conservation Efforts in Namibia

    Your teachers’ level of knowledge affects how well you perform in class: perspectives from 14 French-speaking African nations

    Your teachers’ level of knowledge affects how well you perform in class: perspectives from 14 French-speaking African nations

    Islamic Finance in Nigeria: Between Islamization and Shariah Non-Compliance Polemics

    Islamic Finance in Nigeria: Between Islamization and Shariah Non-Compliance Polemics

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    Abubakar Gumi (1924–1992): Nigerian Islamic scholar and Grand Khadi of the Northern Region of Nigeria

    Abubakar Gumi (1924–1992): Nigerian Islamic scholar and Grand Khadi of the Northern Region of Nigeria

    Haile Selassie (1892-1975): Former Emperor of Ethiopia

    Haile Selassie (1892-1975): Former Emperor of Ethiopia

    Bennet Omalu: Nigerian-American physician and forensic pathologist

    Bennet Omalu: Nigerian-American physician and forensic pathologist

    Samori Touré (1830-1900): Military leader and founder of Wassoulou Empire

    Samori Touré (1830-1900): Military leader and founder of Wassoulou Empire

    Mohammed Abdulle Hassan (1856-1920): Somali religious and nationalist leader

    Mohammed Abdulle Hassan (1856-1920): Somali religious and nationalist leader

    Imam Abdullah Haron (1924-1969): South African Muslim cleric and anti-apartheid activist

    Imam Abdullah Haron (1924-1969): South African Muslim cleric and anti-apartheid activist

    Joyce Banda, educator and former president of Malawi

    Joyce Banda, educator and former president of Malawi

    Jomo Kenyatta (1894-1978): First prime minister and first president of Kenya

    Jomo Kenyatta (1894-1978): First prime minister and first president of Kenya

    What does a diary entry reveal about the West African origins of Apongo, a rebel leader in Jamaica?

    What does a diary entry reveal about the West African origins of Apongo, a rebel leader in Jamaica?

  • History
    Royal Palace, Porto-Novo, Republic of Benin

    Royal Palace, Porto-Novo, Republic of Benin

    W-Arly-Pendjari Complex, the West African wildlife sanctuary

    W-Arly-Pendjari Complex, the West African wildlife sanctuary

    Royal Court of Tiébélé, Burkina Faso

    Royal Court of Tiébélé, Burkina Faso

    Lake Tanganyika, the world’s longest freshwater lake

    Lake Tanganyika, the world’s longest freshwater lake

    The Bafut Chiefdom, Cameroon

    The Bafut Chiefdom, Cameroon

    The battles of Isandlwana and Rorke’s Drift

    The battles of Isandlwana and Rorke’s Drift

    Kimberley’s Big Hole, Northern Cape, South Africa

    Kimberley’s Big Hole, Northern Cape, South Africa

    Ogbunike Caves, Southeastern Nigeria

    Ogbunike Caves, Southeastern Nigeria

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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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