Lagos State governor, Babatunde Fashola on Tuesday said that there are significant opportunities in the waste management chain such as recycling and power generation.

According to Fashola, who spoke at meeting with private sector participants in waste management, the aspiration of all in the business should be how to expand to take full advantage of the immense possibilities like generating power from waste in the foreseeable future.

The governor also urged all wealthy Nigerians to contribute their quota to the actualisation of the desired goals in waste generation and treatment by repatriating funds stashed abroad back home to build the Nigerian economy.

Fashola said the problem of the importation of old and time-worn weary compactor trucks would be solved if Nigerians can pull resources and own new trucks.

He explained that because trucks generally have a very short lifespan due to the nature of deployment, it is very needful for Nigerians to kick-start processes of owning manufacturing outfits and businesses which could solve some of the major problems that come with waste management.

He urged the waste operators to have confidence that the business would grow, urging them all to see the possibilities in turning waste to power as many countries worldwide have done.