A consortium of German companies has pledged €40 million to develop advanced waste treatment infrastructure in Lagos State, aiming to reduce over 1.5 million tonnes of carbon dioxide emissions annually for the next 15 years. This landmark deal was formalized during the 11th German-Nigerian Business Forum in Lagos, themed “Building Effective Partnership for Successful Business Development.”
The investment, supported by the German government through its export credit insurance and endorsed by the Lagos State Government, includes the export of three waste treatment plants and a fleet of waste collection trucks. The consortium consists of Zoomilion Nigeria Limited, FIMA Industries Germany, FAUN Kirchhoff Gruppe, and the Jospong Group of Companies.
Haidar Said, Executive Director of the Jospong Group, praised the project as a major milestone in Lagos’ waste management strategy. The plan involves the installation of solid waste recycling plants and the deployment of trucks to enhance recycling efforts and curb the city’s carbon footprint. “In the next 12 to 24 months, the Jospong Group aims to invest over $200 million in Lagos State’s waste management sector, expanding waste collection, recycling, and engineered landfill systems,” Said emphasized.
Markus Maierhofer, CEO of FIMA Industries Germany, outlined that €30 million will be dedicated to advanced waste treatment plants, while €10 million will support the acquisition of waste collection vehicles, optimizing logistics and reducing landfill waste. “These plants will promote recycling and generate eco-friendly products like compost,” Maierhofer added.
Lucas Dörr, Head of Export Business Development at FAUN Kirchhoff Group, highlighted the project’s potential to transform Lagos’ circular economy by improving waste recycling and logistics over the 15-year contract period.
Governor Babajide Sanwo-Olu, represented by Special Adviser on Climate Change and Circular Economy Titilayo Oshodi, expressed the state’s commitment to sustainable collaborations with Germany. He emphasized that the partnership will accelerate Lagos’ climate goals, create jobs, and stimulate economic empowerment. The governor also commended the German-Nigerian Chamber of Commerce for fostering initiatives that support enterprise growth in waste management.
This investment is expected to significantly enhance Lagos’ waste management capabilities, creating a cleaner and more sustainable environment while driving economic development.
