A consortium of German companies has committed €40 million to deliver advanced waste treatment infrastructure in Lagos State. This investment is expected to prevent over 1.5 million tonnes of carbon dioxide emissions annually for the next 15 years.
The agreement, signed at the 11th German-Nigerian Business Forum in Lagos, themed “Building Effective Partnership for Successful Business Development,” was facilitated by the German government through its export credit insurance company with approval and support from the Lagos State Government.
The deal involves Zoomilion Nigeria Limited, FIMA Industries Germany, FAUN Kirchhoff Gruppe, and the Jospong Group of Companies, covering the export of three waste treatment plants and a fleet of waste collection trucks from Germany.
Haidar Said, Executive Director of the Jospong Group, described the project as a major milestone for Lagos’ waste management strategy. The investment includes the installation of three solid waste recycling plants and the acquisition of trucks, significantly enhancing the state’s recycling capabilities and reducing its carbon footprint.
“In the next 12 to 24 months, the Jospong Group plans to invest over $200 million into Lagos State’s waste management sector,” Said stated, emphasizing the comprehensive expansion across all stages of waste management, including support for waste collectors, establishment of transfer stations, recycling plants, and engineered landfill management.
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Markus Maierhofer, CEO of FIMA Industries Germany, confirmed that his company will deliver over €30 million worth of mechanical and biological waste treatment plants designed to optimize waste processing and minimize environmental impact. Additionally, €10 million will be invested in waste collection vehicles to strengthen Lagos’ logistics network for waste management.
“These waste treatment plants will significantly reduce landfill waste, promote recycling, and enable the production of environmentally friendly materials such as compost,” Maierhofer explained.
Lucas Dörr, Head of Export Business Development at FAUN Kirchhoff Group, said the project, focusing on waste recycling and logistics, is poised to revolutionize Lagos’ circular economy, enhancing sustainability over the 15-year contract period.
Lagos State Governor Babajide Sanwo-Olu, represented by Special Adviser on Climate Change and Circular Economy Titilayo Oshodi, highlighted the state’s long-term partnership with Germany and reiterated Lagos’ commitment to collaborations that drive economic growth and environmental sustainability. He noted that such partnerships are instrumental in meeting the state’s climate change goals, generating employment opportunities, and boosting economic empowerment.
Sanwo-Olu also acknowledged the German-Nigerian Chamber of Commerce’s role in fostering these initiatives, emphasizing their impact on the development of new markets and technical support for enterprises in waste management and material recovery sectors.
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