Circular Economy and Sustainability in Nigeria: Opportunities and Challenges for Development

[...]it is imperative for the federal government to formulate and implement appropriate policies that support the circular economy framework. The natural environment is being polluted by humans due to population increase and industrialization (Ogunmakinde et al., 2022). [...]the need to investigate...

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Bibliographic Details
Published in:Electronic green journal 2024-09, Vol.1 (50), p.1-8
Main Authors: Oluwatayo, Isaac Busayo, Ojo, Ayodeji Oluwole
Format: Article
Language:English
Subjects:
Business models
Capacity development
Circular economy
Economics
Federal government
Industrial development
Industrialization
Innovations
Mathematical models
Natural environment
Recycling
Sustainable development
Waste management
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Summary:[...]it is imperative for the federal government to formulate and implement appropriate policies that support the circular economy framework. The natural environment is being polluted by humans due to population increase and industrialization (Ogunmakinde et al., 2022). [...]the need to investigate a pathway to industrialization that is economically and environmentally sustainable is fast gaining relevance in literature (Velenturf and Purnell, 2021; Pieroni et al., 2019). Current State and Models of Circular Economy in Nigeria Nigeria is the most populous black nation with over 200 million people and the 27th largest economy in the world (Uduu, 2022). [...]the Nigerian economy has the potential to test and scale circular economy models, particularly in the waste management landscape. [...]most of the circular economy initiatives of such corporations have limited impacts. [...]development partners are currently providing catalytic funds and capacity-building support to entrepreneurs with innovative circular economy models to operate and scale.
ISSN:1076-7975
1076-7975
DOI:10.5070/G315060438