Eko Hot Blog reports that two waste conversion initiatives of the Lagos State Government have attracted “significant interest” from investors.
The state governor, Babajide Sanwo-Olu, made the disclosure in a social media post on Monday.
He said Lagos pitched the initiatives at the ongoing 28th session of Conference of Parties (COP28) in Dubai, United Arab Emirates (UAE).
The waste conversion initiatives are Advanced Garbage Collection and Waste-to-Energy project, and building of new Sewage Treatment Plant.
Speaking on Sunday at an event held at Nigeria Pavilion, where he also presented the Phase Two of the Lagos State Climate Adaptation and Resilience Plan (LCARP) before global partners, Sanwo-Olu said the two waste sector projects were at a pivotal stage, awaiting technical review by interested partners and disbursement of funds in order to transform the ideas to reality.
The development, the governor said, marked another step forward in Lagos’ journey towards environmental sustainability and resilience.
He noted that the projects, if successfully delivered, would turn what had been a burden to opportunity for the State.
Sanwo-Olu added that the investments represented his administration’s commitment to improve the lives of Lagosians and maintaining the status of the State as a beacon of progress.
The Lagos governor told the multilateral audience that LCARP document was Lagos’ strategic roadmap towards a sustainable future.
The resilience framework, he said, identified 30 ambitious projects, cutting across critical sectors including, transportation, renewable energy and waste management.
Sanwo-Olu stated that Lagos required a long-tenure investment exceeding $10 billion to build not just the required mitigation infrastructure, but also adequate redundancy to ensure sustainability. He added that 14 of the 30 projects were ideal for Public-Private Partnership.
“As a committed Government with dedicated leadership, we are not taking actions on our own; we are in conversations to ensure that real partners get involved. We are ready to lead from the front,” he said.
“We have a clear strategy of what we need to do and how we are going to achieve our climate mitigation objectives. Lagos’ success on this journey would not just be the success of Nigeria, but also an African and global success story.”
Commissioner for the Environment and Water Resources, Tokunbo Wahab, said Lagos was desirous of environmental sustainability, because of the threat posed by observed rise in sea level and extreme temperatures.
The commissioner pointed out that the LCARP document was the second of four planned frameworks designed by the state government as strategic response to climate change.
Wahab said: “If we fail to seek the required investment and build resilient infrastructure towards mitigating the consequences now, Lagos will be in need of $33 billion by 2050 to fight the threat. Our strategy involves tapping into a variety of blended financial sources.”
Managing Director of Lagos State Waste Management Authority (LAWMA), Dr. Muyiwa Gbadegesin, said Lagos faced escalating waste management issues, leading to flooding during extreme weather events.
Introduction of Waste-to-Energy plants, he said, would facilitate improved waste collection, treatment, while reducing land demand for landfills.
The project, he said, will be sited in Epe area of Lagos and it is expected to process 760-kilo tonnes of municipal solid waste per year.
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