The Japanese Government is to spend a total sum of $2.9 million on the circular economy with Lagos, Abuja and the Federal Ministry of Environment listed as beneficiaries of the first phase of the project.
 
The 36 months programme to be implemented in Abuja is a partnership between the Abuja Environmental Protection Board (AEPB) and United Nations Industrial Development Organization (UNIDO), sponsored by the Japanese Government.
 
The circular economy is an initiative for sustainable and efficient use and processing of all raw materials especially plastic to protect the environment.
 
More details at:
https://leadership.ng/japanese-govt-to-spend-2-9m-on-circular-economy-in-nigeria
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Nigeria must not be a dumping ground for air conditioners and refrigerators with energy efficiency ratios that are below internationally acceptable minimum energy performance standards, the Federal Government declared on Thursday.
 
This came as the United Nations says Nigerians purchase about one million air conditioners every year.
 
Meanwhile, the Federal Government told the Nigeria Customs Service, Standard Organisation of Nigeria, and other relevant agencies, to be alive to their responsibilities, stressing that the influx of substandard cooling appliances posed danger to the climatic conditions across the country.
 
More details at:
https://punchng.com/nigerians-buy-one-million-air-conditioners-annually-says-un
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Industry players have estimated Nigeria’s recycling industry to be worth at least $2bn. Despite this potential economic opportunity, Lagos State has continued to battle the menace of plastic pollution, writes EDIDIONG IKPOTO
 
In an exclusive chat with The PUNCH, an environmental expert and President of the Lagos Recyclers Association, Femi Idowu-Adegoke, said the menace of plastic pollution that has perennially plagued Lagos State has been largely down to lack of willingness on the part of residents to adopt recommended waste disposal means that have been prescribed by the relevant authorities.
 
According to him, Nigeria’s recycling industry has been estimated to be worth a staggering $2bn but has struggled to live up to this lofty estimation due to the menace of indiscriminate disposal of waste and poor orientation of Lagos residents on how to work with professionals to convert this liability to a viable economic opportunity.
 
More details at:
https://punchng.com/lagos-battles-plastic-pollution-amid-2bn-recycling-industry
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By investing $1.5 billion in climate adaptation, Nigeria can prevent climate damages and about $19.9 billion in GDP loss to its economy, a study by Standard Chartered has shown.
 
The study, ‘The Adaptation Economy’, which investigates the need for climate adaptation investment in 10 markets, including Nigeria, China, India, Bangladesh, and Pakistan, revealed that without investing a minimum of $30 billion in adaptation by 2030, these markets could face projected damages and lost GDP growth of $377 billion – over 12 times that amount.
 
More details at:
https://guardian.ng/business-services/climate-adaptation-investment-can-help-nigeria-avoid-19-9b-gdp-loss
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Nigeria’s Bank of Industry has signed a deal valued at $100 million with the French Development Agency for the expansion of green finance in Nigeria to tackle climate change.
 
The deal was signed by Managing Director, BoI, Mr Olukayode Pitan and Mr Xavier Muron, Country Director, AfD in Lagos, according to the News Agency of Nigeria. He stated the transaction was approved by AfD under its Transforming Financial Systems for Climate (TFSC) Programme with the Green Climate Fund (GCF).
 
More details at:
https://nairametrics.com/2022/08/24/bank-of-industry-signs-100-million-agreement-with-france-to-combat-climate-change-in-nigeria/

In a bid to sustain a healthy port environment, the APM Terminals Apapa, has signed a Memorandum of Understanding (MoU) with an indigenous firm, FREEE Recycle Limited, to recycle its used tyres.
 
In December 2021, APM Terminals carried out a successful trial by using pavement blocks produced out of recycled and compressed used tyres for exterior flooring.
 
Speaking at the signing ceremony in Lagos, the Terminal Manager, APM Terminals Apapa, Steen Knudsen, said the MoU is in furtherance of the company’s contribution to reducing the harmful effects of industrial wastes on the environment.
 
More details at:
https://www.vanguardngr.com/2022/06/port-pollution-apm-terminals-signs-mou-to-recycle-used-tyres/
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In an effort to raise climate-resilient and low emissions in Africa, the Green Climate Fund (GCF), one of the world’s largest climate funds, has approved more than $194 million for Nigeria and 12 other African countries as part of its Inclusive Green Financing Initiative (IGREENFIN I).
 
The decision was made at the recently concluded 31st meeting of the GCF Board, dubbed B.31, which was held virtually from March 28 – 31, 2022.
 
More details through:
https://businessday.ng/energy/article/green-climate-fund-approves-194m-financing-for-nigeria-12-others/
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The Plant is the first phase of the planned 21,000MT capacity facility at the OPIC Industrial Estate, Makun, Sagamu.
 
The Commissioner for Industry, Trade and Investment, Mrs Kikelomo Longe, while speaking at the inauguration, stated that the present administration through its ‘Building Our Future Together’ agenda had been upgrading infrastructure and implementing various programmes on education, youth empowerment, agriculture, social welfare and well-being.
 
“It is important to echo here the government’s special genuine interest in providing an enabling environment for businesses to thrive, despite the enormous challenges in the country. The Prince Dapo Abiodun-led administration from inception has upgraded major infrastructure, such as the construction of new roads, rehabilitation of existing ones and sustaining the security architecture,” Longe said…
 
More details through:
https://dailytrust.com/7000mt-recycling-plant-berths-in-ogun
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The Katsina State Government has signed a Memorandum of Understanding (MoU) with a Malaysian firm, Bionas, to invest $199 million (N82.037 billion) for the production of bio-fuel from Jatropha plant in the state.
 
The MoU which was signed at the Government House Katsina on Tuesday will involve the management of domestic waste for clean energy production.
 
Governor Aminu Masari said the project, apart from its “unquantifiable economic benefits”, would help in preserving the environment and addressing issues of climate change…
 
More details through:
https://dailytrust.com/katsina-firm-sign-pact-for-n80bn-energy-project
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Nigerian Breweries Plc, Nigeria’s foremost brewing company has launched a plastic recycling project tagged “NB Recycles” among employees as well as its host communities. This initiative is part of its sustainability agenda of ‘Brew a Better World’ (BaBW).
 
As part of the project, various collection points will be set up in all nine brewery locations of Nigerian Breweries across the country (as well as the respective host communities) to encourage staff and members of the public to embrace the habit of recycling by returning all plastic bottles, aluminium cans, paper, cartons, nylon, and glass in exchange for monetary rewards.
 
In Lagos, the company has set up a collection point at its headquarters for staff, and also donated four recycling bins to the Ijora community in Lagos to promote community-led plastic recycling and combat plastic pollution in the area…
 
More details through:
https://thenationonlineng.net/nigerian-breweries-unveils-plastic-recycling-project/
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