Experts urge govt support, investment to turn waste into wealth
Stakeholders in Nigeria are advocating for stronger government support and investment to realize the country's potential in waste-to-wealth initiatives during Nigeria Circular Economy Week.
During the ongoing Nigeria Circular Economy Week, stakeholders in the waste management industry are calling for increased government support and investment to harness Nigeria's potential in transforming waste into wealth. The event, which runs until Thursday at the Lagos Continental Hotel, brings together various players from the waste management sector, including local operators, foreign investors, academics, and development partners. The focus of discussions has been on establishing a feasible business model for large-scale processing of mixed waste in Nigeria.
A notable speaker at the event, Mr. Niels van den Hoek, the Founder and Director of SweepSmart, emphasized the importance of understanding Nigeria's unique waste ecosystem and how current opportunities can be leveraged to create sustainable enterprises. He mentioned that his company is collaborating with the Nigerian government on advanced waste management strategies. The working group session aimed to familiarize participants with existing systems, which is crucial for developing effective strategies and enhancing investment in waste management.
The discussions highlight a growing awareness and commitment among stakeholders to address the challenges in waste management and explore innovative solutions that can contribute to both economic growth and environmental sustainability in Nigeria. The outcomes of Nigeria Circular Economy Week could lead to actionable policies and investment opportunities that promote a circular economy approach, which is essential for tackling waste issues and promoting sustainable development in the country.