Waste to Wealth: How Nigeria Can Venture into a Circular Economy
The global population and consumption keep increasing while humanity continues to use finite natural resources at a high rate. This problem affects all countries worldwide, compelling us to adopt a circular economy that facilitates the utmost maximization of resources and goods, repurposing these goods and resources over an extended period. In a developing country like Nigeria, venturing into a circular economy maximizes the usage of resources and improves the country’s economic situation. According to Bioenergy Consulting, Nigeria generates about 32 million tonnes of waste per year, with only 30% being collected for disposal or recycling. With 201 million people on the rise and rapid urbanization, the annual production of waste will increase exponentially. To mitigate the damage and turn the increase in waste production into an economic advantage, Nigeria can create and implement these specific initiatives.
Build a better waste management system
The first step towards successfully venturing into a circular economy is to ensure that all municipalities and regions have efficient waste management systems.
Promote a recycling culture
Recycling is a crucial process in the circular economy. Once proper waste management systems are available, stakeholders can actively promote a recycling culture.
Enact and implement policies that support the processes of circular economies
Circular economies can only flourish when there are policies and regulations to facilitate their operations.
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Support innovation that can advance the circular economy
With innovative technological advancements, venturing into a circular economy could be difficult. Hence, the government must willingly sponsor innovative technology that serves this purpose.
The initiatives highlighted above are viable strategies that developing countries can utilize to maximize resources and reduce waste. Yet, Nigeria must adopt these strategies with meticulous execution and transparency to use the resources available. After all, a circular economy in Nigeria reduces unemployment by creating a new industry and solves problems like the country’s inadequate power supply.
Final thoughts
As Nigeria commences intense industrialization, it will rely heavily on its vast limestone, iron ore, lead, coal, oil and gas, and renewables. This commencement of the country’s industrialization calls for a national consciousness of repurposing waste to maximize its natural resources and create a sustainable future. To achieve this, the government must create a better waste management system, promote a culture of recycling, enact policies that support proper waste management, and support the creation of innovative technology that facilitates the use of resources to support its rising population.
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