Lagos State could generate $2.5 billion annually from circular economy – LAWMA MD 

The Managing Director/CEO of LAWMA, Dr. Muyiwa Gbadegesin, disclosed this in an interview with the News Agency of Nigeria (NAN) in Lagos.

He emphasized the economic and environmental benefits of transitioning from a linear waste management model to a circular economy, where materials are reused and recycled to minimize waste.

Gbadegesin stated that Lagos currently transports about 13,000 tonnes of waste daily to landfills under the traditional linear model. However, he noted that adopting a circular economy could divert up to 10,000 tonnes of waste daily into productive uses, unlocking significant economic value.

“We were used to the linear model where waste is collected, dumped, and buried. Now, we are introducing a circular economy where waste has value. About 90% of our waste still has economic potential if properly sorted,” he explained.

“We need massive public sensitization and advocacy to drive this change. People must begin to sort waste at home, and we must have structured collection points where off-takers can process these materials,” Gbadegesin added.

The LAWMA boss noted that the agency is working with sister organizations to ensure the success of the initiative.

While progress is being made, he admitted that more awareness is needed to highlight the economic and environmental benefits of a circular economy in Lagos.

With proper implementation, Lagos could transform its waste management system, turning trash into a $2.5 billion annual revenue stream while promoting sustainability.

Last October industry players under the aegis of Lagos Recyclers Association (LAGRA) had had declared that Nigeria has been missing out on opportunities in the global circular market due to its inability to harness its potential.

The circular economy covers both economic aspects (value addition, job creation, GDP growth) as well as environmental aspects (focusing on materials and resources).