Lagos is regarded as the commercial capital of Nigeria and the nation’s centre of excellence. With a population of over 18,000,000 people and generating 9,000 tones of waste per day, Lagos has an expanding and sustainable need for investment in the management of waste.
The investment required in the sector cannot be met with the resources of the state alone given the need for the development of other key infrastructures and services and at such the need for public – private sector partnership {PPP}.
Public-private sector partnership (PPP) is a strategic partnership between government and the private sector that leverages on the strength of both parties in the provision of socio-economic infrastructure for the benefit of all. In this relationship, government is expected to create the right investment climate for the private sector to succeed while the private sectors (investors) are expected to bring to bear their expertise, fund and resource.
LAWMA, the agency responsible for waste management in Lagos state has come to terms with the waste disposal challenge in Lagos and realizes that huge amount of resources is needed to resolve the waste disposal problem. Consequently, the organization came up with what is called the PSP program – Private Sector Participation in waste disposal drive.
With this strategy, organizations interested in investing in the waste disposal and management industry are required to register with LAWMA. They are then inducted on safe and efficient waste disposal strategies and LAWMA’s mode of operation.
These organizations then get contracted as representatives of LAWMA in waste disposal.
Though a lot of investment opportunities exist in waste management such as
waste conversion, wheeler bins, motorised street cleaners and waste transfer loading stations, the focus of this article is on operating waste compactor trucks in partnership with the waste management authority in Lagos.
Lagos needs 450 compactors for the efficient transport of refuse. The state anticipates being able to supply 200 (with the input of local companies). The shortfall of 250 compactor trucks represents an opening for investors.
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Get our market research report on the following related topics by clicking on any of the titles below
1. WASTE POLYTHENE MATERIALS RECYCLING IN NIGERIA; THE FEASIBILITY REPORT.
2. METAL SCRAP TRADING IN NIGERIA; THE FEASIBILITY REPORT.
3. HOW TO MAKE HUGE PROFIT SUPPLYING WASTE POLYTHENE MATERIALS TO LOCAL INDUSTRIES IN NIGERIA.
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