(L-R) Cross section of participants at the Sustainable Waste Management Business Development Fellowship
The Lagos Business School Sustainability Centre successfully hosted the 2024 Sustainable Waste Management Business Development Fellowship on Thursday, November 14, 2024 with the support of the Aspire Coronation Trust Foundation (ACT) Foundation. This one-day intensive workshop for alumni of the Leadership Programme for Sustainable Waste Management is tailored to equip entrepreneurs and emerging business leaders with the knowledge and tools to take their start up ventures and SMEs to the next phase of growth especially in the area of investment readiness. The fellowship brought together 19 participants, including 7 women and 12 men, from diverse industries.
With the global waste management market projected to reach USD 530 billion by 2025 at a CAGR of 8.53%, the fellowship addressed the pressing need for businesses to align their operations with sustainable practices. The fellowship featured a series of thoughtfully designed sessions that provided valuable insights into the key challenges and opportunities in the waste management sector, enabling participants with the skills they need to transform challenges into opportunities, ensuring their ventures contribute to a cleaner and more sustainable future.
Sessions included “Financing Landscape for Circular Economy Businesses,” in-depth business model reviews, where participants engaged in one-on-one evaluations of their current ventures. Expert reviewers, including Adejumoke Awolumate, Jonathan Ikeolumba, Mark Onoja, and “Growing in a VUCA Market: Best Practices and Mistakes to Avoid in Scaling Your Business Ventures,” which was a case study-based discussion that focused on scaling businesses within volatile, uncertain, complex, and ambiguous (VUCA) markets. Through these interactive and highly focused sessions, the fellowship provided participants with the insights, practical knowledge, and support needed to turn their waste management businesses into sustainable and impactful ventures.
The fellowship was marked by active participation, deep engagement, and collaborative learning. The programme also underscored the importance of fostering a network of like-minded entrepreneurs. Participants were encouraged to collaborate, share best practices, and leverage collective insights to drive progress in the waste management sector.
Mrs Orevaoghene Atanya, Director of the Lagos Business School Sustainability Centre, expressed her enthusiasm for the programme’s outcomes, stating, “The future of sustainable waste management in Nigeria lies in the hands of visionary entrepreneurs who are ready to embrace innovation and act boldly. This fellowship is a testament to our commitment to equipping changemakers with the tools to lead this economic transformation in our society and communities. This impactful engagement is made possible through the partnership of the Aspire Coronation Trust (ACT) Foundation and we are grateful for their support and commitment to fostering sustainability and innovation across key sectors in Africa.”
In addition, the LBS Sustainability Centre extends its profound appreciation to the facilitators and expert reviewers, whose insights and guidance enriched the sessions. Most importantly, the Centre celebrates the participants for their dedication to driving positive change in the waste management sector. The 2024 Sustainable Waste Management Business Development Fellowship exemplifies the power of collaboration and shared vision. It has set the stage for transformative progress in the waste management sector, bridging the gap between innovation and action.
Lagos Business School is Africa’s leading management education institution and the LBS Sustainability Centre is a leading knowledge centre that brings together the theory and practice on business and sustainability for the advancement of performance and development outcomes. For more information about the initiatives and upcoming events of the Lagos Business School Sustainability Centre, please contact sustainabilitycentre@lbs.edu.ng. Together we can work towards a sustainable future for businesses on the continent. For more information on our forums, visit: https://lbssustainabilitycentre.edu.ng/forum/
Click here to view the communique of the programme.
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