Construction Matters

Written by Abiodun Ayinde   The circular economy is an evolving economic principle that dates back to the eighties and has gained momentum due to the impacts of climate, resource scarcity and high waste generation by countries. Economies of the world have started incorporating this model into their environment because of the estimated economic benefits. The circular economy is an economic model which focuses beyond the lifecycle stages of products through sharing, leasing, reusing, repairing, refurbishing, recycling and composting. The circular economy is akin to a system of waste minimization by reintroducing products into the economy. This approach contrasts with the linear economy where products are disposed of at the end of their life cycle. Nigeria generates huge waste from every facet of its environment with little or no means to recoup it for meaningful purposes. The circular economy would benefit a nation that produces over 32 million metric tonnes of waste annually throu