In keeping with the implementation of Circular Economy in Nigeria, the National Environmental Standards and Regulations Enforcement Agency (NESREA) has concluded plans to launch a digital marketplace for waste transactions.
The platform, Waste Marketplace Nigeria is a collaboration between NESREA and Recycle Stack for the digitization of Circular Economy in Nigeria. Circular Economy is operationalized in Nigeria under the Extended Producer Responsibility (EPR) Programme, which extends the responsibility of a producer throughout the lifecycle of the product.
EPR is operational in sectors such as food and beverages, batteries, used tyres, and electrical electronics, with Producer Responsibility Organisations (PROs), recyclers, and collectors playing key roles along the value chain.
Through Waste Marketplace Nigeria platform, NESREA says it plans to enhance digital inclusion and job creation for the informal sector, boost material recovery, reduce illegal dumping and increase the rate of recycling.
The platform targets to onboard at least 10,000 verified users within the first four months, and by serving as a data mining source in the waste management, it will strengthen compliance and enforcement of environmental standards. The project will kick off in Lagos and Abuja, with subsequent roll out in major cities across the country.
Speaking on the project, the Director General of NESREA, Prof. Innocent Barikor said, “Waste Marketplace Nigeria provides a transformative opportunity to digitize Nigeria’s waste economy while enabling regulation, accountability and economic empowerment.
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