{"id":18961,"date":"2025-12-21T10:18:31","date_gmt":"2025-12-21T10:18:31","guid":{"rendered":"https:\/\/qiraatafrican.com\/en\/?p=18961"},"modified":"2025-12-21T10:18:31","modified_gmt":"2025-12-21T10:18:31","slug":"lagos-eyes-250bn-revenue-from-waste-to-wealth-projects","status":"publish","type":"post","link":"https:\/\/qiraatafrican.com\/en\/18961\/lagos-eyes-250bn-revenue-from-waste-to-wealth-projects\/","title":{"rendered":"Lagos eyes $250bn revenue from waste-to-wealth projects"},"content":{"rendered":"<p>The Lagos State Government and other key stakeholders have intensified their commitment to environmental initiatives, aiming to tap into Nigeria\u2019s $250bn green economy potential.<\/p>\n<p>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.<\/p>\n<p>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 \u2018The Power of Nigeria\u2019s Waste Economy\u2019.<\/p>\n<p>The Special Adviser on the Environment, Olakunle Rotimi-Akodu, who represented Governor Babajide Sanwo-Olu, emphasised the state\u2019s strategic role in Nigeria\u2019s circular economy. He noted that while the city generates massive waste, it also offers a goldmine for innovation.<\/p>\n<p>\u201cLagos generates vast quantities of waste, but within this challenge lies a significant opportunity, one realised through structure, innovation, and entrepreneurial intelligence,\u201d the Governor\u2019s representative stated.<\/p>\n<p>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 \u201cpositions Lagos as a hub of circular economy innovation.\u201d<\/p>\n<p>A representative of the Food and Beverage Recycling Alliance provided a breakdown of the sector\u2019s financial promise. The representative cited the Federal Government and UNDP\u2019s Imagine Nigeria report, which identifies a green economy potential of up to $250bn.<\/p>\n<p>\u201cCircularity is not just an ecological necessity but a strategic pathway to jobs, innovation, and environmental protection,\u201d 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.<\/p>\n<p>The President and CEO of SWEEP Foundation NG, Obuesi Phillips, described dumpsites as emerging \u201cwaste mines.\u201d 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.<\/p>\n<p>The Ogun State Commissioner for the Environment, Dr Ola Oresanya, delivered the forum\u2019s lecture, stressing the need for evidence-based interventions. He urged governments to move beyond mere policy declarations to achieve sustainable environmental results.<\/p>\n<p>\u201cSolutions must be guided by research, innovation, and evidence-based interventions tailored to Nigeria\u2019s local contexts,\u201d Oresanya said. He also called for a technically skilled environmental workforce across all levels of government.<\/p>\n<p>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.<\/p>\n<p>The forum concluded with participants pledging to prioritise financing, technology adoption, and community engagement. The stakeholders agreed that these pillars would accelerate Nigeria\u2019s transition to a resource-efficient and climate-smart waste ecosystem.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Lagos State Government and other key stakeholders have intensified their commitment to environmental initiatives, aiming to tap into Nigeria\u2019s $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 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":9710,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":3,"jnews-multi-image_gallery":[],"jnews_single_post":{"format":"standard","override":[{"template":"1","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_featured":"1","show_post_meta":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_reading_time":"0","post_reading_time_wpm":"300","post_calculate_word_method":"str_word_count","show_zoom_button":"0","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","show_comment_section":"1","number_popup_post":"1","show_post_related":"1","show_inline_post_related":"1"}],"image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post_position":"meta","trending_post_label":"Trending","sponsored_post_label":"Sponsored by","disable_ad":"0","source_name":"APA News","subtitle":""},"jnews_primary_category":[],"jnews_social_meta":[],"jnews_override_counter":{"view_counter_number":"0","share_counter_number":"0","like_counter_number":"0","dislike_counter_number":"0"},"footnotes":""},"categories":[32,2362,34],"tags":[1658,175,4691],"class_list":["post-18961","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-featured","category-society","tag-lagos","tag-nigeria","tag-waste-to-wealth"],"_links":{"self":[{"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/posts\/18961","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/comments?post=18961"}],"version-history":[{"count":1,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/posts\/18961\/revisions"}],"predecessor-version":[{"id":18962,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/posts\/18961\/revisions\/18962"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/media\/9710"}],"wp:attachment":[{"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/media?parent=18961"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/categories?post=18961"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/qiraatafrican.com\/en\/wp-json\/wp\/v2\/tags?post=18961"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}