Nigeria’s young entrepreneurs turn waste to wealth

The World Bank projects that by 2025, urban waste generation in Sub-Saharan Africa will amount to 161.27 million tonnes per year. Nigerian entrepreneurs Lamidie, Walli, and Banki have taken it upon themselves to make a difference by exploring opportunities within the country's waste value chains. These young visionaries are leading the way in turning waste to wealth in a country where waste management practices are often criticized as subpar. With Nigeria's large population, the issue of waste generation is particularly significant, making the need for innovative solutions urgent. Lamidie shared that his journey in waste entrepreneurship began when he realized a product he bought in Nigeria was actually made from waste, sparking his curiosity about the other possibilities that waste products presented. Recycling is still a burgeoning industry in Nigeria, offering vast untapped opportunities. The entrepreneurs engage in community outreach, educating people about the importance of recycling and incentivizing them to participate by offering rewards for recycled materials. The trio's approach not only contributes to waste reduction but also creates job opportunities and helps protect the environment. Despite the government's efforts to implement policies aimed at promoting proper waste management and recycling, challenges persist due to issues with implementation. One key policy that has been highlighted is extended producer responsibility, which places the onus on companies to take responsibility for ensuring recyclable materials are returned to the production cycle. Entrepreneurial bodies such as the Recyclers Association of Nigeria and Recycle Points support young entrepreneurs in their efforts to drive recycling initiatives and explore the economic potential of the sector. Environmentalists argue that embracing recycling and technology could transform Nigeria's waste management sector into a lucrative multi-billion dollar industry. However, the slow progress in policy implementation poses a significant hurdle. Despite the obstacles, entrepreneurs like Lamidie, Walli, and Banki remain committed to their vision, with the hope that the government will eventually step up to support their endeavors. Their dedication exemplifies the resilience and innovation of Nigeria's young entrepreneurs, who are at the forefront of transforming waste into wealth. As the country grapples with the challenges of waste management, these trailblazers offer a beacon of hope for a sustainable future. With their pioneering spirit and determination, they are not only driving economic growth but also paving the way for a cleaner and greener Nigeria. In a landscape where challenges loom large, the efforts of these young entrepreneurs shine brightly, illuminating the path to a more sustainable and prosperous future for Nigeria.