NESG, Sunray Ventures Engage Stakeholders on Advancing a Sustainable Circular Economy in Nigeria

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Friday, August 17, 2018 6.30PM / Proshare WebTV

The Nigerian economic summit group in partnership with Sunray Ventures today hosted a stakeholders on ways of unlocking investments for a sustainable circular economy in the country.

It brought together key players from the policy, legislative, business, construction, manufacturing and financial market sectors of the economy.

Giving the opening remarks Feyi Ajayi the Head of the NESG Lagos office, described the forum as an opportunity to explore how Nigeria can tap into  robust development of the circular economy, that emphasizes effective waste management/recycling, regenerating natural systems and keeping products and resources in use.

She informed stakeholders that the NESG remained committed to driving strategic partnerships between the public and private sector to ensure sustainable development in Nigeria.

In his presentation on “Sustainable Strategy through Extended Producers Responsibility” the Director-General of National Environmental Standards and Regulations Enforcement Agency (NESREA), Dr Lawrence Anukam shared that the agency was established to ensure cleaner and healthier environment for Nigerians.

Dr Anukam listed the way forward for driving the circular economy in the country, which include;

·         The Private sector need to be fully key into the EPR programme and promote circular economy.

·        Discouraging the issue of Nigeria as a dumping ground for sub-standard products and end-of-life wastes.

·         Providing stable market for secondary raw materials

·         Development of Eco-industrial parks

·         Increased public awareness and education with support from all stakeholders


Speaking on the “Role of the Parliament at the Sub-National level in Driving the Circular Economy”, Hon. Tunde Olatunji, Member of the Osun State House of Assembly identified the following as challenges of achieving sustainable development at the state level;

·         The nature of the contstitution which is Federal in concept, but Centralised in practise

·         Lack of capacity at the Sub-national level

·         Challenge of Enforcement of Environment regulations

·         Issues and Funding & Technical Support


On the role of the state parliament and the way forward for the circular economy, Hon. Olatunji advocated the domestication of national laws and a shared legislative framework amongst the states and legally binding targets/deadline towards waste reduction and circular economy.

The Founder of Sunray Ventures Mr. Christian Wessels in his presentation said the establishment of a formal e-waste recycling industry promises many benefits, which are; long term resilience of the economy, conservation of natural resources, protection of the environment and job creation.

He said Sunray Ventures developed “Green Compass Recycling” to introduce the principles of the Circular economy to Africa, with a focus on electronic and electrical waste.

According to him “E-waste generated in Nigeria is growing by 8% per annum, and 80% of electronic goods imported into Africa are second-hand”.

In providing solutions for Nigeria, the Sunray Ventures Founder shared that a GC plant covering 7,000 hectares of land will be developed in Lagos, while discussions are ongoing with six (6) states in the country on effective waste management measures and service.

Executive Director, Business Development for the Lagos Deep Ocean Logistics Base (LADOL) Mr Jide Jadesimi in a presentation on the private sector engagement, was of the strong view that through the “Local Content Policy” in sectors like the Oil and Gas companies have been challenged to adopt best business practices.

Mr Jadesimi believed investment in skills, training and jobs was critical to driving a sustainable circular economy in the country. On the contribution of his company, he said Ladol through its “Upskilling Academy-World Class Campus” had set a target of training 2,000 Nigerians annually by 2022.

From the Construction sector the Director, Sustainable Development, Lafarge Africa Plc  Folashade Ambrose-Medebem outlined initiatives driven by the company to support the circular economy.

The “Geocycle Nigeria” by Lafarge initiative according to her is a global network that specializes in co-processing and alternative raw materials with cement mineral content.

Folashade Ambrose-Medem also mentioned the “RoadCem” innovative product by Lafarge which is ideal for sustainable road construction, reduces need to repair bad roads and a soil-stabilizing cementitious binder and calcium hydroxide enabling plasticity and enhanced strength.


Proshare Nigeria Pvt. Ltd.


Proshare Nigeria Pvt. Ltd.


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