WasteXchange Limited has said its waste recycling model promotes poverty eradication, women empowerment, youth employment, community engagement, environmental sustainability and overall national development.

A statement said the company’s management said this when Lagos State Government commended it for revolutionising plastic waste management during the first year anniversary of WasteXchange, which was co-founded by Mrs Oluwatoyin Fashola and MrsYewande Soyannwo.

In her welcome address, Fashola, who is the managing director of SC Facilities Mnagament, said the company was a “social enterprise focused on ensuring effective waste management and a cleaner environment in Nigeria.

Fashola said, “WasteXchange is a company that inspires people to recycle by creating value from their everyday waste at our recycling hub located in Oniri, Lagos.

“Our organisation operates an incentive and cash reward scheme, which collects recyclable waste materials from registered customers, waste pickers, residential estates, corporate entities, etc. and in return rewards them based on the volumes, which they can accumulate and use to redeem cash and numerous household items offered through our reward system.”

She also disclosed that the launch of the Neighbourhood WasteXchange in collaboration with Lagos State Waste Management Agency, was, “to reduce the volume of waste that got to the dump site and ensure that wastes did not end up in drains.”

According to the statement, the event also witnessed the formal inauguration of the Coca-Cola Foundation’s grants of 500 kilograms bailing machine, 75kva, scale and working capital to the WasteXchange.

Speaking at the anniversary ceremony, the General Manager of Lagos State Environment Protection Agency, Dr. Dolapo Fasawe, said the state government was proud of its partnership with WasteXchange because managing waste properly made its job easier in protecting the environment and also improves our economy and health.”

Fasawe stated that, “Plastics are very recyclable.

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