COST BENEFIT ANALYSIS OF COMPOSTING AS A WASTE MANAGEMENT STRATEGY IN LAGOS STATE SOUTHWESTERN NIGERIA.

Abstract

Purpose –– This study assessed the viability of composting as a waste management tool.
Methods –– This study assessed waste production and handling in Lagos State and adapted a case study of cost-benefit analysis
to ascertain viability.
Findings –– Results from the study revealed that one hundred and forty-one billion, one hundred and sixty-one million, and six
hundred thousand naira (₦141,161,600,000.00) equivalent to three hundred and twenty-three million, two hundred and sixteen
thousand, five hundred and fifty-nine dollars ($323,216,559.05) would be generated as profit per annum if the total waste produced in Lagos State daily is converted to compost.
Conclusion & Recommendation –– This study recommends composting as the best waste management strategy in Lagos State and Nigeria due to its financial, environmental, health, and agricultural benefits.
Keywords –– Cost-benefit analysis, Compost, Waste Management, Lagos, Nigeria.