Lagos, CEIP Partner To Drive Circular Economy Initiative

Lagos State government has partnered with the Circular Economy Innovation Partnership (CEIP)  to unveil a new initiative, the Circular Business Platform following the conclusion of its LOOPLab Incubation Programme, under the Circular Lagos Initiative.

The Senior Special Assistant on Sustainable Development Goals to the Governor of Lagos State, Lekan Fatodun, who represented Solape Hammond, Special Adviser, Lagos State Office on SDGs and Investment expressed his support for the programme and its outcomes.

He said, “We are glad that the Circular Exchange program is driving conversations around the need for circularity in Lagos. However, we also recognize that this is not a conversation for just a few stakeholders to realize all the opportunities of circular Lagos as there are a few challenges in achieving the critical miles of innovation in this sector”.

The Lagos State government has embraced the new approach to transform product use while driving economic growth through Circular Lagos. This project launched by the Government in partnership with CEIP highlights strong commitments to act as a nexus for cultivating the public-private sector participation in Circular Lagos.

The high-level forum held at Four Points by Sheraton, Victoria Island, themed “Circular Exchange-The New Economy”, facilitated discussions about financing for waste management entrepreneurs, building opportunities for circular businesses and investments in Lagos and facilitating trade of information about circular opportunities between circular businesses.

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It also supported the graduation of the 2022 LOOPLab innovators and research fellows, award presentations and the unveiling of the Circular Business Platform (CBP), an independent organization designed to promote the development of circular business and investment activities in Lagos.

Also speaking at the event on the coordination and collaboration in the new (circular) economy, Ms. Leoine Van der Stiji, Deputy Consul General, Kingdom of the Netherlands, Lagos, said she feels good to be at an event like this, acknowledging the changes in the systems by which Nigerians once operated.