• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Tuesday, July 1, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

‘Circular Economy, Viable Alternative To Federal Govt’s Green Taxation Model’

by Kingsley Okoh
1 year ago
in Business
Share on WhatsAppShare on FacebookShare on XTelegram

The Nigeria Climate Innovation Center (NCIC) is advocating a shift towards a circular economy as a more viable alternative to the green taxation model proposed by the government for single-use plastics.

Advertisement

This was contained in a new report  themed ‘Positioning Plastic Waste Recycling as an Inclusive Catalyst for Unlocking a Sustainable Circular Economy in Nigeria.’

While calling for implementation of an actionable policy on Circular Economy over Green Taxation on Plastic Waste recycling in the country, it added that the move will spur environmental sustainability and preserve the economy for clean production, smart agriculture , renewable energy, circular economy amongst others.

NCIC said, this comprehensive report explores the potential of a circular economy for plastic waste management in the country,  highlighting the limitations of green taxation and presents the circular economy as a more holistic and transformative solution.

Speaking at an interactive session with Journalist in Lagos, the chief operating officer (COO), NCIC, Mr. Adamu Garba  said, plastic waste has become a critical environmental concern in Nigeria,  adding that, rapid population growth and urbanisation have exacerbated the issue, with plastic waste posing a serious threat to public health, ecosystems, and the overall well-being of Nigerians.

RELATED

Deploying AI Will Not Cause Job Loss In Nigeria – Expert

Expert Introduces Lightweight AI-based System For Early Aviation Failure Detection

21 hours ago
FirstBank Customers Get N93m In ‘Win Big Promo’

FirstBank Launches Facial Recognition On Mobile App

21 hours ago

Adamu said the traditional approach of green taxes, which use financial disincentives to curb environmentally harmful practices, is gaining traction even as he argued that the green taxes, while offering a regulatory mechanism, have limitations.

The NCIC further proposed a circular economy model that prioritises resource efficiency, reuse, and recycling. This approach, according to Adamu focuses on three pillars – designing products for recyclability, establishing efficient collection and recycling infrastructure and driving markets for recycled materials.

According to Adamu, by implementing these three pillars, the NCIC’s circular economy model offers a holistic approach to plastic waste management in Nigeria. “It not only addresses the environmental concerns associated with plastic pollution but also unlocks economic opportunities through job creation in waste collection, sorting, and recycling sectors. Additionally, it fosters a more sustainable and resource-efficient future for the country” he said.

In addition, the NCIC’s proposed model takes a holistic approach, focusing on three key areas, as explained by Adamu. First, it prioritises designing products with recyclability in mind.

This involves using materials that can be easily reprocessed and creating products that are designed for disassembly.

Second, the model emphasises building a robust collection and recycling infrastructure. This includes establishing convenient drop-off points and partnering with waste management companies to ensure efficient collection and processing of plastic waste.

Finally, the model aims to create a market for recycled materials. This can be achieved through government incentives for using recycled content and promoting research into new products made from recycled plastics.

Adamu is optimistic about the model’s potential, highlighting its multifaceted benefits. “The circular economy can address environmental concerns by reducing plastic pollution and conserving resources,” he explains.

“More importantly, he said the circular economy policy can stimulate economic growth by creating jobs in the waste management sector and attracting investment in recycling infrastructure.”

The model also promotes social well-being by improving public health and empowering communities through waste management initiatives. This innovative approach presents a promising path towards a more sustainable future for Nigeria, he said.”

The NCIC report also emphasises the need for a shift in behaviour while it  noted that public education campaigns and promoting alternatives to single-use plastics are crucial to reducing overall waste generation. The report also highlights the importance of supporting community-led initiatives that empower local populations to participate in waste management solutions.

Beyond behavioural change, the report explores the economic potential of a circular economy for plastic waste. It noted that the recycling market holds significant promise for job creation, reduced waste management costs, and the development of new markets for recycled materials.

The NCIC showcases existing successful circular economy projects in Nigeria, demonstrating the model’s viability. This inspires further investment in the sector, creating a win-win situation for both the environment and the economy.

Furthermore, the NCIC Boss argued that a circular economy offers a more sustainable solution compared to a green tax on plastic use. Green taxes, while potentially incentivizing reduced consumption, lack a long-term vision and could disproportionately impact vulnerable communities. In contrast, a circular economy fosters job creation, economic diversification, and environmental benefits.

The NCIC report serves as a call to action for stakeholders across all sectors. Policymakers, businesses, communities, and individuals all have a role to play in transitioning Nigeria towards a more sustainable future. The report provides a roadmap for achieving this goal, outlining steps towards a future where plastic waste becomes a resource, not a burden.

 

 


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

BREAKING NEWS: Nigerians can now earn US Dollars from the comfort of their homes with Ultra-Premium domains, acquire them for as low as $1700 and profit as much as $25,000. Click here to learn how you can earn US Dollars consistently.


SendShareTweetShare
Previous Post

Consul-general Woos Nigerians In US On Ideas, Investments

Next Post

Shareholders Approve VFD Group N30bn Capital Raise

Kingsley Okoh

Kingsley Okoh

You May Like

Deploying AI Will Not Cause Job Loss In Nigeria – Expert
Business

Expert Introduces Lightweight AI-based System For Early Aviation Failure Detection

2025/06/30
FirstBank Customers Get N93m In ‘Win Big Promo’
Business

FirstBank Launches Facial Recognition On Mobile App

2025/06/30
Group To Drive Africa’s Tech-led Industrial Revolution, Offers Tips To Unlock $450bn Intra-African Trade
Business

Group To Drive Africa’s Tech-led Industrial Revolution, Offers Tips To Unlock $450bn Intra-African Trade

2025/06/30
Oilserv Targets December Completion Of 303km As AKK Pipeline Crosses River Niger
Business

Oilserv Targets December Completion Of 303km As AKK Pipeline Crosses River Niger

2025/06/30
Council Targets Accelerated Sugar Project Devt In 2025
Business

Poor Backward Integration Programme Performance To Cost Sugar Firms Import Quotas

2025/06/30
Bbb+ Rating
Business

TAJBank Sustains Industry Feat, Pays 3rd Dividend In 5 Years

2025/06/30
Leadership Conference advertisement

LATEST

Reform Or Retreat: A Moment For Northern States

Political Analysts To PDP Leaders: Fix Now Or Allow Crisis Sink Your Party Before 2027

Badaru Leads FG’s Delegation To S’Arabia As Dantata’s Burial Holds Today

NCAA Grounds Rano Air After Engine Failure

2027: Coalition Woos Ex-President Jonathan

Nigeria Is In Our DNA, Says Lucian PM

Speed Darlington Threatens NAPTIP With N2.5bn Lawsuit For Declaring Him Wanted

Pastor, Woman Stripped Naked Over Alleged Infidelity In Edo

Ex-Lawmaker Mashood Mustapha Arraigned For Alleged Defamation Of Kwara Gov

Gwarzo Hails North’s First Clinical Pharmacy Prof, Hadiza Ma’aji, On Professorial Elevation

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.