Edo’s Commissioner encourages investors to investigate the waste management and recycling industry.

Mrs. Adaze Aguele-Kalu, Edo State’s Commissioner for Budget, Economic Planning, and Development, has issued an invitation to investors both inside and outside of the state to investigate potential investments in waste management and recycling.

On Sunday, following the state-wide cleanup effort, Aguele-Kalu issued the call in Benin City.

As part of the celebrations over the weekend for the 66th birthday of the state governor, Godwin Obaseki, public employees cleaned up major marketplaces and roadways across the state.

The Commissioner praised Obaseki for his instruction that cleared the way for the clean-up effort and thanked all of the civil and public officials who took part.

She mentioned that out of Nigeria’s annual trash total of 32 million tonnes, about 2.5 million tonnes are made up of plastic.

According to the commissioner, this trash poses a significant threat to the environment because it often winds up in dumps, drains, beaches, and bodies of water.

She argued that the trash recycling sector has the potential to boost the state’s GDP and provide substantial employment opportunities for the young people of the country.

“The waste recycling industry is a growing sector in Nigeria,” she said, calling on investors from within and beyond the state to come on board and investigate the possibility.

At a CAGR (Compound Annual Growth Rate) of 5% from 2021 to 2030, the global market for waste recycling services is projected to reach $91.67 billion by 2030.