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Using the Waste to Wealth Model to Address Nigeria’s Plastic Waste Problem 

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Waste to Wealth

By Adedapo Adesanya 

In the inroads of Ajike Falaye Street in Mosan-Okunola LCDA Alimosho, a young man was using a spade to lift wet sand out of a clogged drainage system on a Wednesday night in April, a hasty move to avoid hefty punishment meted out by the Lagos State government for poor sanitation.

Thursdays are designated by the Lagos state for general sanitation, and commercial activities are put on hold till 10 am. The young man, Isaiah, told me, “These plastics are always too much,” and he is not alone in this. According to a report, Nigeria ranks ninth among countries with the highest contributions to plastic pollution, with close to 90 per cent of them not recycled. 

While many see this issue as a business opportunity, others see it not just through this limited scope.

According to Babatunde Sanni, the project coordinator at Waste to Wealth (Watowe),  it is applying a double model to solve the plastic problem while utilising other value-added services like healthcare to bring about the desired goal of recycling among the people of the communities it operates. 

“The reason why we decided to tackle plastic waste is because of sustainability. We looked at rural communities in the first stages. We do a lot of community work to ensure that they not only tackle this issue head-on but how can we offer them value? So we look at how we can kill two birds with one stone, hence, why we created waste to wealth or Watowe,” said Sanni. 

“It was instrumental in getting their trust, and one thing about people in communities that we deal with is the hard task it takes to win their trust. From our onset, we just had to do a lot to win their trust because getting their trust was necessary before we can bring about desired behaviour from those we target.” For instance, after proper monitoring and evaluation, the team, alongside volunteers and partners including Glovo, and Inspired Youth Network, among others, have cleaned up communities and beaches in Lagos. 

The Mechanisms of Watowe 

According to Mr Sanni, Watowe was started in 2017 after he identified the many issues prevalent in the Nigerian environment. This came after in-depth research that saw him visit several communities in Lagos, Abuja, and other states. He noted that the rural communities were the first entry point before moving on to more sub-national locations. 

“The rural community is the first stage when it comes to solving issues like this. We looked at what other value of wealth we can give them, so we noted that while the wealth approach will not involve money, we can have a replica of that.”

This, he said, involved the use of healthcare subsidies that are insured by waste. The company partners with several healthcare companies that allow residents of these communities access to several insurance packages. Speaking of how this is done, Sanni noted that. “It is a give-and-take approach. We have to offer them something to earn their trust. After this, we then issue the cards. These insurance cards range from life, health, and gadgets, and we will bring more on board in later years.” 

Gaps 

The low level of recycling, which is less than 12 per cent, poses a huge threat to plastic pollution management in Nigeria. But it has reached a better position in the last few years and despite the many promises present in the field, Sanni noted that, like every company that takes the initiative approach to solve issues that relate to the environment, funding is a major hurdle. Watowe is a self-funded enterprise, and accounting for the high cost it takes remains a problem that he hopes will be resolved in the long run. 

“The major problem we face is the cost of logistics. The value never matches the logistics. Since we became registered in 2020, we have had to do all the heavy lifting ourselves, and we hope that with the steps we are taking, we will be able to meet our target.”

He further revealed that there are some strides that he couldn’t disclose due to the legal restraints on them but noted that by 2023, Watowe would have increased its capacity to around 15 tonnes per day. 

“Currently, we have recycled about 200 tonnes of plastic waste, but we are moving to bring these communities into the fold to improve this. We try not to act like those companies that set themselves unreal targets.”

Closing the Gaps 

Watowe has committed to continue its advocacy, project building, and community outreach while banking on its business model but advocated for more laws. The Lagos State government last year planned to launch new legislation to curb the menace of waste in the state and support businesses in the circular economy, but that hasn’t seen the light of day. The drawback in law remains a large hurdle with the slowdown in the move to ban polythene products. Also, the Nigerian government, despite making no law to introduce taxation on Single Use Plastics tax. This raised concerns from manufacturers that it does not appear to have a basis in law, as it is not provided for under the Customs, Excise, Tariff, etc. (Consolidation) Act (CETA), unlike beverages and tobacco.   

Sanni noted that the government needed to be more deliberate in taxing plastic products, suggesting that companies should charge consumers to bring their bags from home or pay for them, adding that this will change their behaviours. 

“If this is done, people will come with paper bags. I know that we cannot completely ban plastics in one fell swoop, but we can make considerable progress with it in Nigeria, and with the work we have seen in the last few years, I say we are getting there.”

Community Impact and Progress 

Watowe has been able to reach a considerable number of communities in Lagos. According to information shared, the company has seen its impact in Odumola in Epe, Orile, Okun Aja, and Sangotedo.

In the Odumola environs of Epe, Watowe has cleaned up entire streets and applied collection points where residents can dump their single-use plastic containers. This has been replicated in the Orile area in Agege. 

In June 2023, during the celebration of World Environment Day, in partnership with Action Aid Nigeria and Inspired Youth Network, there was a clean-up at Coney Island Lagos, one of the beach resorts in Lagos. This was followed by an awareness event on the threat of plastic pollution to the environment, where the collective organisers encouraged collective action. 

The most significant intervention was done at Noon (pronounced noo nee) Street in the Oworonshoki area of the state. Collection points for plastic waste were applied, and residents could bring their packs of waste and get rewarded. 

This is, however, yet to catch much attention, but Sanni said that progress depends on a lot of things. One of these is trust. He revealed that once trust has been established, there needs to be more that needs to be done. 

The Lagos State government has played its part, he said, but the public-private partnerships need to extend to sustainable projects as well. He said the Lagos State administration over the last 15 years had made sizeable impacts which Watowe has been part of. These include seminars and special lectures that saw industry players come on board but admitted that policies could remain a drawback where necessary. 

“No matter your contingency, as long as the government doesn’t do certain things, you are back to square one. They have the larger role to play before we can do our bit,” he said. 

Educating the Next Generation on Recycling 

Watowe has also extended its reach beyond grassroots communities and into the vibrant Generation Alpha with the collaboration it has had with primary and secondary schools. Mr Sanni said the company was working with a number of schools, including Meadow Hall Schools in Lekki, where it is a constant feature in its recycling club. This club is tasked with debates, assignments, and projects around recycling, and this has brought about more results since it commenced Post-COVID. Another such beneficiary is Ilasan Nursery and Primary School, which, unlike Meadow Hall, doesn’t have a defined recycling club yet but partakes in activities from time to time. Watowe hopes that with its expected growth and reach, more schools will be able to tap into this. 

Sanni noted that partnerships like these are welcome, and investors and funding will see more initiatives pop out. Already some initiatives like Wecyclers and United Cylcers are pushing ahead with their intervention, but for people like Isaiah, the impact is yet to reach them. 

This story was produced in partnership with Nigeria Health Watch through the Solutions Journalism Network, a non-profit organisation dedicated to rigorous and compelling reporting about responses to social problems.

Waste to Wealth Babatunde Sanni

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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Cloover Secures $1.2bn to Build AI Operating System for Energy Independence

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Cloover $1.2bn

By Dipo Olowookere

About $1.222 billion in both equity financing and debt facility has been secured by a pan-European platform building an operating system for energy independence, Cloover.

The company, established in 2023 by Jodok Betschart, Peder Broms and Valentin Gönczy, recently received $22 million in Series A equity funding and a $1.2 billion loan to enable it build Artificial Intelligence (AI) operating system for its operations.

The globe is racing to secure its energy future as electricity demand rises, grids come under pressure, and households face growing uncertainty over costs and supply.

At the same time, demand for decentralized energy solutions like solar, batteries, heat pumps, and EV charging is surging. The missing piece has been infrastructure that can deliver these systems at scale.

Cloover is building the digital nervous system of the distributed energy economy. Its AI-powered platform integrates workflow management, financing, procurement, and energy optimization into one seamless operating system. It automates complex workflows, detects risks early, and empowers data-driven decisions from the first customer leading to long-term energy-management through Cloover’s EMS and dynamic tariffs.

Further, Cloover’s AI Finance co-pilot helps SME installers solve capital flow challenges along the whole value chain and improve liquidity to enable faster growth. By replacing disconnected tools and slow financing processes with one integrated system, Cloover enables installers to close more projects, move faster, and serve a broader customer base.

A statement from the energy firm disclosed that the equity round was led by MMC Ventures and QED Investors, with participation from Lowercarbon Capital, BNVT Capital, Bosch Ventures, Centrotec, and Earthshot Ventures. The debt facility was provided by a leading European bank to fund customer and installer financing on the platform.

Cloover also benefits from a €300 million guarantee from the European Investment Fund, which underpins its financing programs and enables scalable, low-cost capital for the energy transition. In total, Cloover has now raised more than $30 million in equity financing and secured over $1.3 billion in debt.

With the new capital, Cloover will expand into additional European markets and is considering France, Italy, the UK, and Austria, deepen its platform with further AI-driven workflow automation and financing products.

“With this $1.2 billion commitment, we’re enabling households to become energy independent, without the friction of upfront costs or complex loan applications. Our AI operating system connects stakeholders across the value chain and revolutionizes how energy independence becomes the new norm,” the chief executive of Cloover, Mr Betschart said.

Also, the chief product officer at Cloover, Valentin Gönczy, said, “Cloover is not just about financing – we’re building the backbone for energy independence. We are creating the Shopify of Energy: a platform that equips manufacturers, installers, households, and investors with the tools to grow, collaborate, and deliver distributed energy at scale.”

The General Partner at MMC Ventures, Oliver Richards, while commenting, said, “Cloover is tackling one of the largest and most structurally important opportunities in the European energy transition.

“What truly sets them apart is execution: in 2025 the team delivered outstanding commercial progress while building the foundations of a scalable platform business. Jodok, Peder and Valentin have assembled an exceptional team with deep expertise across energy, software, and credit, and we’re excited to back them as they scale Cloover into a category-defining company.”

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Nigeria Records First Grid Collapse of 2026

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Expand National Grid

By Adedapo Adesanya

Nigerians were plunged into a fresh electricity outage on Friday, January 23, as the national electricity grid suffered a total collapse, the first of such incident recorded in 2026.

Data from the Nigerian Independent System Operator (NISO) indicates that power generation fell to zero megawatts, while electricity supply to all 11 distribution companies dropped completely by about 1 pm.

The affected distribution firms include Benin, Eko, Enugu, Ikeja, Jos, Kaduna, Kano, Port Harcourt, Ibadan, Abuja and Yola, all of which recorded zero load allocation at the time of the collapse.

The incident comes months after a series of grid failures in 2025, with the most recent occurring on December 29.

According to reports, Nigeria’s grid collapsed a total of 12 times alone last year.

These repeated breakdowns have persisted despite ongoing efforts to strengthen and expand the country’s power infrastructure.

Part of such efforts came from NISO as it announced on November 9, 2025 that it has collaborated with the West African Power Pool Information and Coordination Centre to carry out a synchronisation test linking Nigeria’s grid with the broader West African electricity network.

Business Post observed that the grid collapse has led to a decline in economic productivity. A development which has the potential to affect the wider business environment, as many businesses have to resort to more expensive and environmentally unfriendly alternatives.

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Nigeria to Benefit from $50m World Bank Solar Agric Project

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World Bank Solar Agric Project

By Adedapo Adesanya

The World Bank has approved $50 million for a solar agricultural expansion project in Nigeria and five other African countries.

The country will benefit from the programme under Productive Use Financing Facility (PUFF), a financial initiative backed by the World Bank and the African Development Bank (AfDB) designed to accelerate the adoption of solar-powered equipment in Sub-Saharan Africa.

PUFF operating under Mission 300, a flagship programme backed by the World Bank and AfDB, which aims to mobilise tens of billions of Dollars to provide electricity access to 300 million Africans by 2030.

The expansion of PUFF-backed solutions is expected to have significant implications for Nigeria’s agricultural value chain, particularly in tackling post-harvest losses driven by inadequate storage, unreliable electricity, and limited access to modern processing tools.

The project disclosed through programme updates involving the World Bank and its partners, including the Rockefeller Foundation, will boost productivity, cut post-harvest losses, and expand clean energy access.

The funding will support the deployment of solar-powered cold rooms, refrigerators, water pumps, and grain mills across Kenya, Nigeria, Ethiopia, Sierra Leone, Uganda, and the Democratic Republic of Congo, with implementation led by Clasp, a Washington DC-based non-profit organisation focused on energy efficiency and clean energy access.

The World Bank-backed initiative has attracted strong backing from development partners, with officials indicating that the programme could expand further as country-level implementation gathers pace.

The Rockefeller Foundation, which has already committed $12 million to the scheme, has signalled that additional resources may be deployed over time.

“There is always the ability to scale that up,” the President of the Rockefeller Foundation, Mr Rajiv Shah, said on January 15 during a visit to a solar-powered cold storage facility operated by SokoFresh in Nairobi.

“There’ll be more resources country by country as well,” Mr Shah added.

“We finance the innovations, the new projects and the new ideas that governments, the World Bank and others can then take to scale,” he said during a separate visit to a farm facility using solar-powered cold rooms for export-bound produce.

Sub-Saharan Africa remains the epicentre of global energy poverty, accounting for more than 80 per cent of the world’s population without access to electricity.

An estimated 600 million people in the region still live without reliable power, a gap that continues to constrain economic growth and limit productivity for farmers and small businesses.

PUFF is designed to bridge the affordability gap by providing grants, subsidies, and technical assistance to suppliers and distributors of solar-powered equipment.

The programme focuses on enabling these suppliers to reach rural and off-grid communities that are typically excluded from conventional financing.

Between 2022 and 2024, PUFF completed a two-year pilot phase, supporting 24 businesses across the six participating countries.

With the pilot phase completed, the programme is now transitioning into full-scale deployment, backed by fresh World Bank financing and philanthropic capital.

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