Business

Nigeria Emits 57 million Tons of Plastic Waste To Ocean – Deloitte

Published

3 years ago

July 4, 2023

671 Views

OUT of a combined 139 million tons of plastic pollution in the world’s oceans, Nigeria emmited 0.41 percent ( 56.9 million), through the Lagos Harbour.

This is even as 170 countries recently agreed to have a first draft of a global plastics treaty ready by November 2023.

Deloitte for The Ocean Cleanup, disclosed this in a plastic pollution study that profiles 87 countries.

” There is now a combined 139 million tons of plastic pollution in the world’s oceans, seas, and rivers, including the world’s number one most littered item: single-use cigarette filters,” said the report.

In the country by country reports, Nigeria’s share of global plastic pollution emitted to the ocean is estimated at 0.41 percent (or 56.9 million).

Philippines account for 0.47 percent; India 0.46 percent; Vietnam 0.36 percent; China 0.37 percent and Myanmar 0.37 percent.

The report, further notes that every year, plastic pollution costs coastal countries between $6.0 and $19.2 billion.

“If you take the UK, for example, the direct costs borne by the government were between $7.1 and $31.7 million, but the report estimated the total costs to be between $29.6 and $266.2 million,” it said.

The direct costs of cleaning coastlines, waterways, marinas, and ports make up the lion’s share, between $5.6 and $15.0 billion in government expenditures.

But clean-up costs aren’t the only impact. Polluted beaches and stranded debris also have an impact on tourism, estimated to be between $237.8 million and $2.4 billion.

And while the harm to marine ecosystems can’t be overstated, the cost to fisheries and aquaculture, and the communities that depend on them, is real. It adds up to between $114.4 million and $1.9 billion annually.

Related Topics:Plastic Waste Single-use Plastic

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Naira To Dollar, Pound, Euro …Today, September 28

Published

11 minutes ago

September 28, 2026

OCHEFA

2 Views

BLACK MARKET RATES

₦1375DOLLAR (USD)

₦1860POUND (GBP)

₦1540EURO (EUR)

₦1000DOLLAR (CAD)

₦70RAND (ZAR)

₦370 UAE DIRHAM

₦190 YUAN (CNY)

₦100 G.CEDI (GHS)

₦2350 CFA F.(XOF)

₦2250CFA F.(XAF)

₦850 AUSSIE (AUD)

CBN OFFICIAL RATES

DOLLAR (USD)₦1329.51

POUND (GBP)₦1762.40

EURO (EUR)₦1515.51

SWISS FRANC (CHF)₦1603.95

JAPANESE YEN (JPN)₦8.46CBN

CFA FRANC (XOF)₦2.30

WEST AFRICAN UNIT OF ACCOUNT (WAUA)₦1804.57

CHINESE YUAN (CNY)₦198.03

SAUDI RIYAL (SAR)₦354.11

SOUTH AFRICAN RAND (ZAR)₦81.37

Business

TIME Names Moniepoint CTO Felix Ike Among 50 Global Executives of the Year

In its citation, TIME said Ike “has helped to establish the business as one of Africa’s leading financial platforms.

Published

3 days ago

September 25, 2026

OCHEFA

24 Views

TIME magazine has named Felix Ike, co-founder and Chief Technology Officer of Nigerian fintech Moniepoint, to its inaugural Executives of the Year: Tech and Data list.

Ike is the only executive representing an African company among the 50 leaders selected for the 2026 list.

The list, unveiled on Tuesday, September 22, recognises chief information officers, chief technology officers, chief data officers and chief product officers whose decisions are shaping how major organisations deploy technology and use data.

Moniepoint is also the only African company represented on the inaugural list.

Ike was named alongside executives from Netflix, CrowdStrike, Dell, Duolingo, AT&T, OpenAI, Anthropic, Shopify and Reddit, among others.

In its citation, TIME said Ike “has helped to establish the business as one of Africa’s leading financial platforms.

“The recognition follows Moniepoint’s inclusion in TIME’s 2025 list of the 100 Most Influential Companies, giving the Lagos-founded fintech another global distinction.