The Initiates Plc (TIP), a waste management firm, has asked the federal and state governments to allow private sector to manage waste collection for effective and efficient services and impact.
The firm, therefore, asked government to create an enabling environment and laws for waste management by giving tax incentives and granting waivers on customs duties, especially for importation of sophisticated equipment.
The Chairman, Board of Directors, TIP, Mr. Joe Annosikeh, speaking during the Annual General Meeting of the firm, observed that waste management is not thriving in Nigeria due to lack of enabling laws and incentives to encourage private sector participation.
The Chairman disclosed that TIP is the only waste management company to be listed on the Alternative Securities Market Board of the Nigerian Stock Exchange (NSE), in 2016.
The waste management expert explained that the company’s ability to be listed as the only waste management company in the NSE was due to its contributions in the reduction of waste, creation of employment and adding of value to its shareholders.