Grapevine

FMCG losing N3tn yearly to packaging waste – Operators

The experts gave those figures on Tuesday at the 12th West African Clean Energy and Environment Trade Fair and Conference in Lagos.

The conference, themed ‘Sustainability showcase: Stimulating green economy investments’, was organised by the Delegation of German Industry and Commerce in Nigeria.

The Chief Executive Officer of Integritas Limited, Dr Adebola Odunsi, who revealed those figures during his presentation titled: ‘From Waste to Wealth: Reimagine, reuse and reinvent’, highlighted the significant gap between waste generation and recovery.

He noted that Lagos State generated between 13,000 and 15,000 metric tonnes of municipal solid waste daily, yet the recovery rate remained at as low as three to five per cent.

“This costs the FMCG and F&B industry alone N3tn in annual losses and regulatory exposures from unrecovered packaging,” he said.