FCTA partners NLC, private investors to build waste recycling factory
Arrangements are on by the Federal Capital Territory(FCT) Administration, the FCT Council of the Nigeria Labour Congress and private investors are to build a recycling factory through a joint waste to wealth business venture. This business venture, it was gathered, is aimed at creating jobs, managing the huge waste generated in the FCT and also generating profit for the stakeholders. According to the Chairman of NLC FCT Council, Comrade Yahaya Abdullahi, who made this known yesterday in Abuja during the presentation of a feasibility study on the project by the executive of the Council to the Minister of State for FCT, Oloye Olajumoke Akinjide, the Labour Congress would own 40 per cent equity in the joint business venture while the FCT Administration and private investors would take up 60 per cent equity in the business venture.
“The NLC FCT Council had during a meeting last year with the Minister of FCT, Senator Bala Mohammed and Minister of State for FCT, Oloye Olajumoke Akinjide, raised the issue of helping to mop up sachet water waste by setting up a recycling factory. “The establishment of a recycling factory is aimed at creating employment and helping to keep the environment clean as well as generating little income for the partners. The Council has acquired a 75-hectare of land and has also paid the sum of N5 million being the cost of feasibility study.
“We are seeking for the FCT Administration to partner with the NLC FCT Council and other interested members of the Community for this project, as the required capital outlay is presently out of our reach,” he said.
He explained that the waste to wealth project would comprise of a recycling plant, a clinic and restaurant and would provide jobs for drivers, waste collectors, doctor, nurse and pharmacist, among others.
“The project is our contribution towards reducing unemployment in the country and ensuring a clean environment. We don’t want the Administration to be the sole proprietor of the project. It should partner with labour and private investors,” Abdullahi added.
Responding, the Minister of State for FCT commended the leadership of the FCT Council of NLC and gave assurance of the Administration’s commitment to partner with the NLC towards transforming the territory.
“The FCT Administration will be creating jobs through the recycling project and getting rid of waste in the federal capital city, area councils and satellite towns. The action of the NLC FCT Council is highly commendable. I can say with all honesty that the Labour Congress is truly working,” she said.
This was as she approved the constitution of a Task Team headed by the Director of Establishment and Training in the FCT, Alhaji Nuhu Ahmed, to work with the NLC FCT Council to produce a business model for the project.
Members of the task team include: the Director of Economic Planning, Research and Statistics in the FCT, Alhaji Ari Isa Mohammed; Director of Satellite Towns Development Agency, Alhaji Tukur Bakori; Director of Admin and Finance, Area Council Services Secretariat, Alhaji Yusuf Tsaiyabu; Managing Director of Abuja Infrastructure Investment Company, Mr. Farouk Sani; Managing Director of Abuja Enterprise Agency, Mrs. Altine Jibrin; Special Assistant to the Minister of State on Environment, Mr. Ayo Sotinrin, and representatives of the Minister of FCT, Permanent Secretary and Abuja Environmental Protection Board.
The minister said: “The task team is expected to immediately commence work with the NLC FCT Council and come up with a business model for the waste to wealth project”.