{"title":"COST BENEFIT ANALYSIS OF COMPOSTING AS A WASTE MANAGEMENT STRATEGY IN LAGOS STATE SOUTHWESTERN NIGERIA","authors":"C. F. Amaechi, Phebean Oshuare Omaivboje","doi":"10.55921/udkj2621","DOIUrl":null,"url":null,"abstract":"Purpose –– This study assessed the viability of composting as a waste management tool.\n\nMethods –– This study assessed waste production and handling in Lagos State and adapted a case study of cost-benefit analysis to ascertain viability. \n\nFindings –– Results from the study revealed that one hundred and forty-one billion, one hundred and sixty-one million, and six hundred thousand naira (₦141,161,600,000.00) equivalent to three hundred and twenty-three million, two hundred and sixteen thousand, five hundred and fifty-nine dollars ($323,216,559.05) would be generated as profit per annum if the total waste produced in Lagos State daily is converted to compost.\n\nConclusion & Recommendation –– This study recommends composting as the best waste management strategy in Lagos State and Nigeria due to its financial, environmental, health, and agricultural benefits.\n\nKeywords –– Cost-benefit analysis, Compost, Waste Management, Lagos, Nigeria.","PeriodicalId":106473,"journal":{"name":"General Call","volume":"27 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2023-06-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"General Call","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.55921/udkj2621","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
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Abstract
Purpose –– This study assessed the viability of composting as a waste management tool.
Methods –– This study assessed waste production and handling in Lagos State and adapted a case study of cost-benefit analysis to ascertain viability.
Findings –– Results from the study revealed that one hundred and forty-one billion, one hundred and sixty-one million, and six hundred thousand naira (₦141,161,600,000.00) equivalent to three hundred and twenty-three million, two hundred and sixteen thousand, five hundred and fifty-nine dollars ($323,216,559.05) would be generated as profit per annum if the total waste produced in Lagos State daily is converted to compost.
Conclusion & Recommendation –– This study recommends composting as the best waste management strategy in Lagos State and Nigeria due to its financial, environmental, health, and agricultural benefits.
Keywords –– Cost-benefit analysis, Compost, Waste Management, Lagos, Nigeria.
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