LAGOS SECURES INVESTMENT FOR TWO WASTE PROJECTS AT COP28

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At the ongoing 28th session of Conference of Parties (COP28) in Dubai, Lagos State has attracted significant investor interest for two waste management initiatives. Governor Babajide Sanwo-Olu unveiled these projects – the Advanced Garbage Collection and Waste-to-Energy project, along with a new Sewage Treatment Plant – during an event at the Nigeria Pavilion.

Sanwo-Oluemphasised  that these projects, currently awaiting technical review and funding disbursement from interested partners, aim to transform waste management into opportunities for environmental sustainability.

The governor highlighted these initiatives as crucial steps towards fostering environmental resilience; aiming to convert what has been perceived as a burden into an opportunity for the state.

Sanwo-Olu’s address underscored the importance of collaboration and partnership in confronting the global threat of climate change, emphasising the role of committed partners in creating sustainable solutions to local environmental challenges.

Lagos State presented Phase Two of the Lagos State Climate Adaptation and Resilience Plan (LCARP) at the event, outlining a strategic roadmap towards a sustainable future. This framework includes 30 ambitious projects across critical sectors such as transportation, renewable energy, and waste management.

Sanwo-Olu stressed the need for long-term investments exceeding $10 billion, with 14 of the 30 projects identified as suitable for Public-Private Partnership.

Commissioner for the Environment and Water Resources, Tokunbo Wahab, highlighted the urgency of environmental sustainability due to rising sea levels and extreme temperatures. Failure to invest in resilient infrastructure now could result in a requirement of $33 billion by 2050 to combat threats. Wahab emphasised the strategy’s reliance on diverse financial sources for implementation.

Managing Director of Lagos State Waste Management Authority (LAWMA), Dr. Muyiwa Gbadegesin, underscored the pressing waste management issues leading to flooding during extreme weather. The introduction of Waste-to-Energy plants, particularly in the Epe area, aims to enhance waste treatment, reduce landfill demands, and process 760-kilo tonnes of municipal solid waste annually.

Sanwo-Olu further solidified commitment by signing a Memorandum of Understanding (MoU) with Sheikh Abdul Rahman Saif bin Saif Al Sharqi, Chairman of the Nigerian-Arabian Gulf Chamber of Commerce (NAGCC), at the JAFZA One Convention Centre. This agreement aims to explore trade and investment opportunities between Lagos and Arabian Gulf Chamber of Commerce (GCC) member countries, fostering collaboration and exchange of ideas within their business communities.

 

 

 

 

 

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