The Edo State Commissioner for Budget, Economic Planning and Development, Mrs Adaze Aguele-Kalu, has called on investors within and outside the state to explore waste management and recycling business opportunities.
Aguele-Kalu made the call on Sunday in Benin City after the clean-up exercise organized in the state.
Civil servants cleaned up major markets and streets across the state as part of activities over the weekend to mark the 66th birthday celebration of the state Governor, Godwin Obaseki.
The Commissioner commended all civil and public servants who participated in the clean-up exercise while also applauding Obaseki for his directive that paved the way for such a commendable initiative.
She noted that Nigeria generates some 32 million tonnes of waste annually, of which 2.5 million tonnes is plastic waste.
The commissioner said most of this waste ends up in landfills, sewers, beaches, and water bodies, which poses a serious environmental hazard.
She said that the waste recycling industry can contribute to the state’s internally generated revenue and create a lot of jobs for the youth population.
Calling on investors within and outside the state to come on board and explore the opportunity, she said “the waste recycling industry is a growing sector in Nigeria.”
The Global Waste Recycling Services market is expected to reach $91.67 billion by 2030, at a CAGR (Compound Annual Growth Rate) of 5% from 2021 to 2030.
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