• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Public Offer & Right Issues
      • Stock Market News
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Public Offer & Right Issues
      • Stock Market News
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News

Lagos signs MoUs with three investors to boost recycling of plastics and tyres 

Israel Ojoko by Israel Ojoko
November 9, 2025
in Business News
Lagos plans N500 entertainment tax, eyes N20 billion annual revenue 
Share on FacebookShare on TwitterShare on Linkedin

The Lagos State Government has signed three strategic Memoranda of Understanding (MoUs) with private investors to recycle plastic waste and end-of-life tyres, in a move to advance its waste-to-wealth agenda and promote sustainable environmental practices.

The agreements, announced during the 11th Lagos International Climate Change Summit, mark a significant step in the state’s transition from traditional linear waste management to a circular economy model.

The summit, which featured breakout and panel sessions with global experts, culminated in the signing of the MoUs aimed at reducing the volume of waste reaching landfill sites across the state.

MoreStories

ECOWAS

ECOWAS declares state of emergency over rising coups in West Africa 

December 9, 2025
Canada

Canada to launch new Express Entry pathway for foreign doctors in early 2026 

December 9, 2025

“The state over the weekend demonstrated its irrevocable commitment to advanced waste conversion,” said Director of Public Affairs, Mr. Kunle Adeshina, in a statement issued Sunday.

Commissioner for Environment and Water Resources, Mr. Tokunbo Wahab, emphasized the state’s determination to transform waste into economic value.

“We are moving away from the old ‘pick and dump’ model to a more sustainable system where waste becomes wealth,” Wahab stated. “These MoUs represent a new vista in our quest to reduce the quantum of waste in Lagos.” 

Three innovative waste conversion projects 

The first MoU, signed with HAK Waste Ltd., focuses on establishing a circular beverage container recycling and recovery system. The initiative will operate through a deposit refund mechanism anchored on the Extended Producer Responsibility Model (EPRM), which encourages manufacturers to take responsibility for the lifecycle of their products.

“This proposal reflects investor confidence in our EPRM policy and will help build a packaging circularity ecosystem,” Wahab added.

The second agreement, with Haggai Logistics Ltd., will lead to the creation of a fully automated tyre recycling facility—the first of its kind in Lagos. The plant will process end-of-life tyres using environmentally sound technologies, significantly reducing the environmental hazards posed by discarded rubber materials.

The third MoU, signed with Mondo 4 Africa, aims to convert non-recyclable plastic waste into sustainable fuel and other valuable resources using advanced, eco-friendly technologies.

Public engagement and financial strategy 

Wahab also stressed the importance of public participation in the success of these initiatives.

“We are trying to make people change the culture of seeing waste as waste, and instead see it as a resource,” he said. “This mindset shift is critical to achieving our goals.”

He noted that the government is simultaneously addressing financing mechanisms and the unique vulnerabilities of Lagos as a coastal city, which faces heightened environmental risks.

More insight 

Managing Director of the Lagos Waste Management Authority (LAWMA), Dr. Muyiwa Gbadegesin, echoed the need for private sector collaboration.

“The government and LAWMA alone cannot manage the daily volume of solid waste generated in Lagos,” Gbadegesin said. “We need strong partnerships to turn waste into wealth.” 

The investors expressed their appreciation and commitment to working with LASG to actualize the waste conversion projects. The signing ceremony was attended by key government officials, including Special Adviser on Environment Mr. Rotimi Akodu, Permanent Secretary of Environmental Services Dr. Omobolaji Gaji, and Permanent Secretary of Drainage Services Mr. Mahamood Adegbite.


Follow us for Breaking News and Market Intelligence.
Israel Ojoko

Israel Ojoko

Israel Ojoko is a dynamic journalist renowned for his in-depth coverage and insightful analysis on a diverse range of topics. With a keen eye for detail and a passion for storytelling, Israel has penned impactful articles on the economy, political developments, fintech, and cybersecurity, among many others. His dedication to uncovering the multifaceted narratives has established him as a trusted voice and influential figure in contemporary journalism.

Related Posts

TECNO’s AFCON-Ready AI features reflect a new era in mobile sports viewing 
Companies

TECNO’s AFCON-Ready AI features reflect a new era in mobile sports viewing 

December 10, 2025
Fouani MD, 3 others abducted in Lagos; $1.5 million ransom demanded
Op-Eds

Insecurity and Coups: Why Nigeria is now a geopolitical battleground  

December 10, 2025
NNPC, Heirs Energies sign Gas Flare Commercialization Agreements to boost power generation 
Companies

NNPC, Heirs Energies sign Gas Flare Commercialization Agreements to boost power generation 

December 10, 2025
PoS geo-tagging
Exclusives

CAC PoS registration directive triggers industry split ahead of 2026 deadline 

December 10, 2025
Hand holding Nigerian Naira banknotes fanned out, representing currency exchange or financial context
Currencies

Naira weakens to N1,483/$ amid hawkish Fed, year-end FX pressure

December 10, 2025
IATA forecasts delayed aircraft supply recovery until 2031–2034 
Aviation

IATA forecasts delayed aircraft supply recovery until 2031–2034 

December 10, 2025
Next Post
Trump Tariff of Countries List

Trump to pay Americans $2,000 ‘dividend’ from tariffs imposed on imported goods

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

rabafast
uba
tajbank
arco
access bank
nairametrics
first bank






DUNS

Recent News

  • TECNO’s AFCON-Ready AI features reflect a new era in mobile sports viewing 
  • Insecurity and Coups: Why Nigeria is now a geopolitical battleground  
  • NNPC, Heirs Energies sign Gas Flare Commercialization Agreements to boost power generation 

Follow us on social media:

Recent News

TECNO’s AFCON-Ready AI features reflect a new era in mobile sports viewing 

TECNO’s AFCON-Ready AI features reflect a new era in mobile sports viewing 

December 10, 2025
Fouani MD, 3 others abducted in Lagos; $1.5 million ransom demanded

Insecurity and Coups: Why Nigeria is now a geopolitical battleground  

December 10, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Public Offer & Right Issues
      • Stock Market News
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics