Lagos eyes $250bn boost from waste-to-wealth drive
Lagos State is ramping up efforts to turn its waste challenge into a major economic opportunity. At the 6th Lagos Waste Forum on June 5, 2025, stakeholders discussed strategies to unlock Nigeria’s $250bn green economy potential. Babajide Sanwo-Olu’s administration highlighted the city’s role in driving innovation and job creation through circular economy initiatives. The event brought together leaders from government, business, and international organisations to map out a sustainable path forward.
TLDR
- Babajide Sanwo-Olu’s government aims to position Lagos as a hub for circular economy innovation, targeting up to $250bn in green economy revenue.
- The forum, held on June 5, 2025, was organised by SWEEP Foundation NG with support from UNIDO, the European Union, and Coca-Cola Nigeria.
- Experts highlighted that Lagos generates N18bn in recycling value annually and produces a significant share of Nigeria’s 32 million tonnes of waste.
- Stakeholders called for the creation of a Ministry of Waste Resources and a Green Bank to support entrepreneurs in the waste-to-wealth sector.
- Participants agreed to prioritise financing, technology, and community engagement to accelerate Nigeria’s transition to a climate-smart waste ecosystem.
