The Nigeria Climate Innovation Centre , a global network of World Bank’s Community Innovation Centres and a member of the Climate Business Innovation Network , has said that the proposed 10 per cent green tax on single-use plastics in Nigeria would affect production and consumption by increased pricing to consumers and households, as well as increased operational expense to producers.
The comprehensive report explored the potential of a circular economy for plastic waste management in Nigeria. It highlights the limitations of green taxation and presents the circular economy as a more holistic and transformative solution. The NCIC proposed a circular economy model that prioritises resource efficiency, reuse, and recycling. This approach, according to Adamu focuses on three pillars – designing products for recyclability, establishing efficient collection and recycling infrastructure and driving markets for recycled materials.
Secondly, the model emphasizes building a robust collection and recycling infrastructure. This includes establishing convenient drop-off points and partnering with waste management companies to ensure efficient collection and processing of plastic waste. Beyond behavioural change, the report explored the economic potential of a circular economy for plastic waste. It noted that the recycling market holds significant promise for job creation, reduced waste management costs, and the development of new markets for recycled materials.