![]() ![]() Carl Cruz, were of the opinion that fostering this transition would demand tripartite collaboration between the government, the academia, and the industries for policies, manpower and research development and practices that best utilise resources and protect the environment.Ĭruz said recently in an event that was organised by the Nigerian Economic Summit Group (NESG) on “Strengthening Academia-Industry Collaboration in Circular Economy and Natural Capital Accounting,” that the transition to a circular economy is based on the concept of Earth Overshoot Day (EOD) that is created to enable the human economy to operate within the earth’s ecological limit. ![]() Eggheads from Nigeria’s ivory towers and the industrial sector, including the Managing Director of the Unilever West Africa, Mr. The trend is also impacting Nigeria’s academic system and demanding a comprehensive policy response from the government. These can be productively used again and again, thereby creating further value,” the EU said. When a product reaches the end of its life, its materials are kept within the economy wherever possible. In practice, “it implies reducing waste to a minimum. The European Union said that a circular economy is a model of production and consumption, which involved sharing, leasing, reusing, repairing, refurbishing, and recycling existing materials and products as long as possible in a manner that would extend the life cycle of the products. ![]() Other parts of the world, including Europe, are experiencing it. This transition is not peculiar to Nigeria. The linear model of production is characterised by take-make-consume-throw away pattern that mostly depend on the use of virgin raw materials and a vast amount of energy and water while the circular model, according to the 2019 United Nations Environment Assembly, was described as a model in which products and materials are “designed in such a way that they can be reused, remanufactured, recycled or recovered and thus maintained in the economy for as long as possible.” The transition is on the use of natural resources for industrial production with an emphasis on a shift from the linear economic model of manufacturing to a circular and sustainable industrial model that uses raw materials more efficiently and reduces waste. The need to accelerate sustainability in the economy and avoid worsening the damage done to the environment has ignited a transition from a linear model of producing goods and services to a circular model, writes Dike OnwuamaezeĪ transition is gradually taking place in the Nigerian manufacturing sector. ![]()
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