Rivers State to Leverage AI for Waste Management, Signs $300M Waste-to-Wealth Project Deal

Written on 25/10/2024

Punch News NG

The Rivers State Government has announced plans to enhance waste management through the integration of Artificial Intelligence (AI) technology, aiming to unlock economic benefits for residents.

Governor Siminalayi Fubara made the statement following the signing of two Memoranda of Understanding for a $300 million Waste-to-Wealth initiative.

The project includes the development of a 200MW power plant, smart e-mobility solutions, and carbon capture facilities capable of storing 20 tonnes.

These initiatives are expected to bolster the state's economy while advancing sustainable environmental practices.

The MoUs with Intec and Omene Group of Companies, among other things are designed to convert waste to wealth, generate electricity, boost employment opportunities as well as increase the state’s revenue base.

The signing ceremony was held at the Ministry of Justice in Port Harcourt on Thursday night.

This was contained in a statement issued in Port Harcourt on Friday morning by the Chief Press Secretary to the Governor, Nelson Chukeudi, and sent to newsmen.

Represented by the Rivers State Attorney General and Commissioner for Justice, Dagogo Israel Iboroma, the governor noted with delight that the state government in May 2024, held the investment and economic summit, the first of its kind in Nigeria.

He added that thereafter, an Executive Order heralding the birth of the Rivers State Investment Promotion Agency was signed to drive investments in the State.