The Director General, Small and Medium Scale Enterprises Development Agency of Nigeria (SMEDAN), Dr Olawale Fasanya, has said the value of wealth that lies in waste management is enough to contribute more than 35 per cent to the Nigeria’s economy.
Speaking on Monday, during events marking the 2023 World Home Economics Day at the Ignatius Ajuru University of Education (IAUE), Fasanya said this can be achieved with the right approach.
He said, “a holistic life cycle approach to waste management in the country would create opportunities for environmental sustainability, employment, income and wealth creation along the entire waste value chain.
“Nigeria generates over 32 million tonnes of waste annually. Converting such wastes will contribute to the use of technology and economic activities needed in this period of emphasis on green and blue economy”.
He encouraged Universities to key into the waste to wealth service for revenue generation to the school and as an effective way of economic engagement of students.
The Acting Vice Chancellor of IAUE, Professor Okechuku Onuchuku, while declaring open the event, lauded the Department of Home Economics, Hospitality and Tourism, and the Directorate of Entrepreneurship, for the synergy.
He also commended them for the reduction of waste through the conversion of waste to wealth, and for “progress, growth development and value through the regeneration”.
He expressed dismay that the petroleum industry housing the economy should ordinarily add value to the system, “not just dig out crude oil, sell it to the international market, generate revenue and then share the revenue accruing from the oil among the three tiers of Government without adding any value to it.
“The country cannot grow that way!”
In his remarks, the Dean, Faculty of Vocational and Technical Education, Professor Isaac Ogundu, said the event serves to highlight the many ways through which “waste can be turned into useful products and services that can generate adequate funds”.
He expressed appreciation to the Acting Vice Chancellor for the love shown to the Faculty, adding that the array of art work and other produce displayed are eloquent testimonies of the support enjoyed by the Faculty.
In her speech, the Head of the Department of Home Economics, Hospitality and Tourism, Dr Anne Ifeoma Asouzu, said the theme of the celebration, “Waste literacy”, is relevant for a time like this “when families need knowledge for effective resource management within the home in order to avoid waste resource management in the areas of time, money, energy, food, water, heat, light, space and even fresh air, which are all precious materials for the goal of improving lives”.
She stressed the need for these materials to be saved and conserved.
The Director of Entrepreneurship Centre, Dr Patience Spencer, in a presentation on business ideas from waste products, enumerated the gains and benefits gathered by students that the Directorate trained in collaboration with the Department of Home Economics.
She noted that all the items displayed at the event are the handiwork of students trained on how to use waste in producing useful items for domestic consumption.
The event featured unveiling of the Department’s second annual magazine, cutting of cake, fashion parade and cultural display.
The International Federation for Home Economics was founded in 1908 as a non-governmental organization to serve as a platform for international exchange within the field of Home Economics.
The theme for the 2023 celebration “Waste Literacy” highlights the need to come up with better ideas to minimize waste generation and preserve natural resources.
Home Economics Day is celebrated every March 21 but was put on hold by the Department till Monday due to the 2023 general elections.

By: Sogbeba Dokubo