Business
Unemployment: NGO Advocates Waste-To-Wealth Ventures As Panacea
African Community Bridge Foundation (ACBF), an NGO, has called for the initiation of practical waste-to-wealth initiatives to generate employment opportunities for the populace.
The Business Development Officer of ACBF, Miss Ebireri Yota, gave the advice in an interview with newsmen in Abuja, yesterday.
“Talking about waste management, specifically transforming trash to cash, we are very interested in it because we understand that we have environmental issues in this country where we do not properly manage our waste.
“We are not just looking for a solution where we can find a better way to manage our waste but we also want to see how we can use that to create employment, especially for the younger generation, and improve the nation’s economy,’’ she said.
Yota said that a major goal of her foundation was the training of “young people on the economic chain by transforming all sorts of garbage into cash.
”Our organisation is focused on the economic chain, on what people called waste materials.
”We are driven by the desire to see our youths, women and the lives of people generally transformed to a stage whereby they can comfortably take care of themselves, while contributing to their immediate environment and the economic well-being of others in the society,’’ she said.
Yota said that ACBF was interested in waste management in the country because of the fact that Nigeria had been facing serious environmental challenges, particularly as most citizens dumped their garbage indiscriminately without knowing its economic values.
Also speaking, the Environmental and Conservation Manager of ACBF, Mrs Nawal Fakhry, re-emphasised the need to recycle waste into other useful materials so as to free the environment from the menace of filth.
Fakhry, a Lebanese, identified indiscriminate dumping of refuse in Nigeria as one of the major environmental challenges facing the country.
She said that the launch of waste recycling establishments would go a long way in making the environment safe and healthy for the citizenry.
“Payment of tuition fees for undergraduate/postgraduate studies shall be subject to a maximum limit of $25,000.00 per semester,” the Manual states.
The expansion of international card limits also reflects growing confidence among lenders that foreign exchange liquidity has improved enough to support retail dollar transactions.
Speaking recently at the BusinessDay 14th Annual CEO Forum in Lagos, CBN Olayemi Cardoso, governor of the CBN said buying and selling activities now increasingly determine outcomes in the foreign exchange market, unlike in the past when market participants relied heavily on routine Central Bank interventions.
According to Cardoso, Nigeria’s net foreign exchange reserves have risen from just over $3 billion at the start of the reform programme to more than $40 billion, while gross reserves have climbed to about $52 billion, providing stronger confidence for investors and enabling the Central Bank to reserve interventions for periods of market stress rather than day-to-day liquidity management.
The restoration and expansion of international naira card spending limits are increasingly being seen as one of the clearest signs that the benefits of the CBN’s foreign exchange reforms are beginning to reach households, students and businesses making legitimate cross-border payments.
The Secretary-General and Chief Executive Officer, WEC, Dr Angela Wilkinson, disclosed this in a statement, last Thursday.
“Nigeria’s participation comes at a pivotal time as the country seeks to expand energy access, strengthen energy security, accelerate gas development and mobilise the capital required for industrialisation and sustainable economic growth.
“WEC Nigeria will convene leaders from across the energy ecosystem, apply the WEC’s globally recognised Energy Trilemma framework to Nigeria’s unique context, and promote evidence-based dialogue, practical collaboration and informed policymaking.
“It will also ensure that Nigerian and broader African perspectives contribute meaningfully to global energy conversations,” she said.
Wilkinson expressed confidence that Nigeria would play a significant leadership role at the World Energy Congress scheduled for Riyadh in April 2027 and beyond.
The statement also quoted the Chairman of WEC Nigeria, Isa, as describing the country’s participation as an opportunity to deepen national and African leadership within the global energy community through practical solutions tailored to regional development priorities.
He said the platform would promote collaboration across sectors and attract sustainable investments into Nigeria’s energy sector.
The Chief Executive Officer of WEC Nigeria, Wunti, was quoted in the statement as saying that the council would connect leadership, evidence and investment to build a secure, affordable and sustainable energy system.
“This system will be capable of driving economic growth and shared prosperity.”
According to him, the platform will also connect Nigerian institutions and businesses with international knowledge, technology, partnerships and investment opportunities through the World Energy Council’s global network.
Recall that WEC, founded in 1923, is the world’s oldest independent and impartial community of energy leaders and practitioners, advancing informed, collaborative and practical action across the global energy system.