The Rivers State Government is revolutionizing waste management by harnessing Artificial Intelligence to unlock its economic potential and benefit residents.
Governor Siminalayi Fubara made this announcement Friday, October 25, while signing two Memoranda of Understanding for a $300 million Waste-to-Wealth project. The project includes establishing a 200 MW power plant and smart e-mobility programs.
The MoUs were signed with Intec and Omene Group of Companies. The signing ceremony took place at the Ministry of Justice in Port Harcourt.
Governor Fubara expressed pride in the collaboration, citing the state’s inaugural investment and economic summit in May 2024, which led to the formation of the Rivers State Investment Promotion Agency. He said that the project will solve the perennial problem of waste management, which has been “a sour point on the people” of the state.
According to Governor Fubara, “Essentially, this project is to manage waste, convert waste to wealth, and create massive employment for Rivers people.” The project will generate 200 megawatts of electricity daily in the process and capture 20 tonnes of carbon, which will then be traded for carbon credits.
Governor Fubara said he is optimistic that the partnership will run smoothly, asserting that Rivers State is the first in Nigeria to successfully implement a modern waste-to-wealth project.
Franklin Omene, CEO of Omene Group, said his company is open to working with other companies to realize the lofty goals. He thanked Governor Fubara for facilitating this investment, which aims to complement ongoing efforts by the Rivers State Waste Management Authority. “We will work with other foreign investors to convert waste to wealth,” Omene stated.
Srinibach Tepal of the German-based Intec Group praised the favorable investment environment created by the Rivers State Government and assured that the project will incur no costs to the state. “We have built a smart business model to ensure productive and speedy transformation of the state,” Tepal stated.
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