Africa’s Circular Economy Race: Why Nigerian Innovators Must Compete for the Milken-Motsepe Prize, a Catalyst for Change
Africa’s Circular Economy Race: Why Nigerian Innovators Must Compete for the Milken-Motsepe Prize, a Catalyst for Change By Daniel Nduka Okonkwo Nigeria generates an estimated 32 million tonnes of solid waste annually. Most of it goes nowhere useful. It piles up in drainages, clogs waterways, and fills makeshift dumpsites on the outskirts of cities such as Abuja, Lagos, Port Harcourt, and many other parts of the country. It is a crisis hiding in plain sight, yet it also represents one of the most underutilised economic opportunities on the continent. African innovators now stand at the threshold of an unprecedented opportunity. The Milken-Motsepe Prize in Circular Economy is more than a competition; it is a catalyst for transformation. With $2 million in total prizes, including a $1 million Grand Prize, the initiative is designed to empower companies across Africa, especially Nigerian businesses, to scale solutions that convert waste into wealth while formalising informal economies. Fo...