The Recycler
  • Biuromax Masthead web banner March 2024
  • Katun web banner December 2022 NEW
  • G&G July 2024 Web Banner

Nigeria’s new gold mine

June 24, 2019

A new initiative by the Nigerian government is said to tackle the e-waste problem and turning it into a “gold mine”.

As reported by Eurasia Review a new initiative driven by the Nigerian government, the Global Environment Facility (GEF) and UN Environment pledging $15 million (€13 million) to deal with Nigeria’s e-waste of 300,000 tonnes and turning into a new circular economy project.

The article said: “A global model for a circular electronics system, the project was announced at the Forum’s Annual Meeting 2019 and will kickstart a sustainable electronics economy in Nigeria, protecting the environment while creating safe employment for thousands of people.”

The money is to be used to change the current somewhat dangerous and casual electronics recycling industry in Nigeria into a more “a formally legislated system that benefits all actors by including a small fee on the sale of electronics to subsidise formal recycling.”

Calling it Nigeria’s new gold mine, Eurasia Review explained that “with 100 times more gold in a tonne of e-waste than in a tonne of gold ore, alongside other scarce and valuable materials such as platinum, cobalt and rare earth elements, a safe and efficient recycling industry has huge economic potential.”

This new initiative for Nigeria is aimed to expand the circular economy model for the e-waste industry in Africa “by sharing best practices, promoting regional and global dialogue, and engaging global manufacturers.” Some of these manufacturers are Dell, HP, Microsoft and Phillips who, as part of the Platform for Accelerating the Circular Economy (PACE) from the World Economic Forum, will form partnerships with e-waste recyclers.

Eurasia Review reports that Managing Director and Head of the Centre for Global Public Goods at the Forum, Dominic Waughray said: “This project demonstrates how the circular economy can spur economic growth, create jobs and benefit the environment. As a platform for public-private collaboration, the World Economic Forum is delighted by the teamwork between recyclers and electronics manufacturers working side by side with government and international organizations to reach shared goals.”

The $15 million (€13 million) initiative was announced at the Forum’s Annual Meeting 2019 held earlier this month.

Categories : Around the Industry

Tags : Africa Circular economy E-waste Recycling

  • TN Core July 2024 Web advert
  • G&G Big & Bold Web banner January 2024
  • Biuromax web banner June 2024
  • Apex Web banner June 2024
  • GM Technology July 2024 banner
  • INK TANK July 2024 Web advert
  • IR Italiana Web ad January 2021
  • Static Control June 2022 Big & Bold Ad
  • GPI July 2024 Web Banner
  • PCL July 2024 Web Advert
  • CET Web ad December 2023
  • HYB Web banner Jan 2024
  • Denner Feb 2024 Web Ad
  • Zhono Web ad March 2024
  • Mito Web banner June 2024
  • ITP Web ad January 2021
  • HYB Web banner Jan 2024
  • Denner Feb 2024 Web Ad
  • Mito Web banner June 2024
  • CET Web ad December 2023
  • Zhono Web ad March 2024
  • PCL July 2024 Web Advert
  • ITP Web ad January 2021
  • ITP Web ad January 2021
  • Mito Web banner June 2024
  • Denner Feb 2024 Web Ad
  • CET Web ad December 2023
  • PCL July 2024 Web Advert
  • Zhono Web ad March 2024
  • HYB Web banner Jan 2024

The Recycler, Wittas House, Two Rivers, Station Lane, Witney, OX28 4BH, United Kingdom | Tel: +44 (0) 1993 899800 | Fax : +44 (0) 1993 226899
©2006-2023 The Recycler - Terms & Conditions - Privacy Policy including cookie use

Web design Dorset | Websites by Mark

The Recycler Subscribe Web ad January 2021
The Recycler Subscribe Web ad January 2021