..Jospong Group also to invest $200 million on waste management in the state
Related Posts
By George George Idowu
While Lagos is battling mounting waste disposal issues, a Nigerian firm and a group of German firms has sealed an agreement worth £40 million investment in which the Germans will supply three solid waste treatment plants and waste collecting trucks from Germany to boost waste mangement in the state.
The agreement was sealed on Monday during the 11th German-Nigerian Business Forum in Lagos between Zoomilion Nigeria Limited, FIMA Industries Germany, FAUN Kirchhoff Gruppe, and Jospong Group of Compaies.
The Business Forum with the theme: ” Building Effective Partnership for Successful Development” was facilitated by the German government through its export credit insurance company, with the support and approval of the Lagos State government.
Speaking at the forum, the Executive Director, Jospong Group Companies, Haidar Said, explaied that the agreement includes procurement of three solid waste recycling plants and a fleet of waste collection trucks from Germany.
According to Said, the investment by the German firms aimed at addressing Lagos growing waste management challenges by improving the state recycling capabilities adding that the project is expected to prevent over 1.5 millions of Co2 emissions on yearly basis.
He disclosed that in the next one year ot two, the Jospong Group plans to invest over $200 million in Lagos State’s waste management sector, noting that the expansion will cover all aspect of the waste management cycle such as supporting waste collectors to establishing transfer stations, recycling plants, and engineered landfill mangement.
” This partnership with Germany, supported by the LagosState government, is a key step toward chieving cleaner, greener urban development in one of Africa’s largest cities,” he said.
In his own remarks at the occasion, the Chief Executive Officer, FIMA Industries Germany, Markus Maierhofer, said that under the contract, his company will deliver £30 million worth of mechanical and biological waste treatment plants, designed to process waste efficiently while reducing environmental impact.
He noted that the waste treatment plants that are going to be supplied from Germany will help Lagos reduced the amount of waste that would be send to landfills significantly and promote recyling including the production of environmentally friendly materials like compost.
Maierhofer added that around £10 million will be invested in waste collection vehicles, to further boost Lagos’ waste management logistics.
