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Indiscriminate waste disposal
A group of German firms have concluded plans to invest €40m to deliver advanced waste treatment infrastructure to the Lagos State government.
The group added that the move would prevent over 1.5 million tonnes of CO2 emissions a year for the next 15 years.
The investment deal, which was signed on Monday in Lagos at the 11th German-Nigerian Business Forum, themed: ‘Building effective partnership for successful business development’, was facilitated by the German Government through its export credit insurance company with the support and approval of the Lagos State Government.
The deal was signed between Zoomilion Nigeria Limited, FIMA Industries Germany, FAUN Kirchhoff Gruppe, and Jospong Group of Companies for the export supply of three waste treatment plants and waste collecting trucks from Germany.
The Executive Director of Jospong Group of Companies, Haidar Said, explained that the project, which included the procurement of three solid waste recycling plants and a fleet of waste collection trucks from Germany, marked a significant step in the state’s waste management strategy.
According to Said, the investment would address Lagos’ growing waste management challenges by improving the state’s recycling capabilities and is expected to prevent over 1.5 million tonnes of CO2 emissions a year.
“Over the next 12 to 24 months, the Jospong Group plans to invest over $200m in Lagos State’s waste management sector,” he stated.
He emphasised that the expansion would cover all aspects of the waste management cycle, from supporting waste collectors to establishing transfer stations, recycling plants, and engineered landfill management.
The Chief Executive Officer of FIMA Industries Germany, Markus Maierhofer, said under the contract, his company would deliver over €30m worth of mechanical and biological waste treatment plants designed to process waste efficiently while reducing environmental impact.
“In addition, around €10m would be invested in waste collection vehicles, further enhancing Lagos’ waste management logistics,” Maierhofer averred.
Maierhofer said the waste treatment plants would help Lagos significantly reduce the amount of waste sent to landfills, promoting recycling and the production of environmentally friendly materials like compost.
The Head of Export Business Development, FAUN Kirchhoff Group, Lucas Dörr, said the deal, which focused on waste recycling and logistics in Lagos State, was expected to revolutionise the circular economy in the region.
Dörr said the contract extended over 15 years and encompassed recycling and waste collection.
The Governor of Lagos State, Babajide Sanwo-Olu, highlighted the state’s long-standing partnership with the German government and its continued commitment to fostering relationships that benefit the state’s economy and environment.
Sanwo-Olu, who was represented by Special Adviser on Climate Change and Circular Economy, Titilayo Oshodi, emphasised the importance of those partnerships in achieving the state’s climate change goals while also supporting job creation and economic empowerment.
He noted that the collaboration had led to the development of new markets and technical support for enterprises involved in waste management and material recovery.
Sanwo-Olu highlighted the collaboration between the German-Nigerian Chamber of Commerce and the German government as key to the success of those initiatives.
