Economic Viability of Private Sector Participation in Management of Municipal Solid Waste in Makurdi Metropolis of Nigeria

Kwadzah Telumun Kenneth; Enokela; Onum Shadrach; Johnson Abinbola Otun

doi:doi:10.11648/j.ijema.20130104.16

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Economic Viability of Private Sector Participation in Management of Municipal Solid Waste in Makurdi Metropolis of Nigeria

Kwadzah Telumun Kenneth, Enokela, Onum Shadrach, Johnson Abinbola Otun

Published in International Journal of Environmental Monitoring and Analysis (Volume 1, Issue 4)

Received: 27 July 2013 Published: 30 August 2013

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Abstract

Assessment of the economic viability of private sector participation in solid waste management within Makurdi metropolis was carried out. Three hundred questionnaires were administered to the resident waste generators and five hundred to the waste management collectors (service -providers). A survey of equipment and machinery required for proficient waste management services by government and private sector were also conducted with comprehensive inventories created. With a loan of $452,210.94 collected by any waste management company in Makurdi metropolis from commercial banks/institutions, the analysis revealed that, the company should be able to realize $4,794,352.50/annum with a servicing loan of $94,964.30/annum which gave a Net cash at hand of $4,247,177.26/annum. Three more numeric models were used to analyses the viability of the business for a period of one year for each of the models, i.e.; the net present value (NPV) model, the profitability index (P.I) model and the return on investment (ROI) model. The models yielded the following results respectively; $2,802,331:00, 6.2, 9.4, which indicates that, private sector participation in solid waste management in Makurdi metropolis, is lucrative and recommended for implementation.

Published in	International Journal of Environmental Monitoring and Analysis (Volume 1, Issue 4)
DOI	10.11648/j.ijema.20130104.16
Page(s)	147-153
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2013. Published by Science Publishing Group

Keywords

Solid Waste, Management, Assessment, Economic Viability, Private Sector, Makurdi Metropolis

References

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[2]	World Bank (1999) what a waste: solid waste management in Asia Urban Development Sector Unit East Asia and Pacific region. May.
[3]	Wilson, D., Whiteman, A., Tormin, A. (2001). Strategic planning guide for municipal solid waste management. Washington, DC: World Bank. http://www.worldbank.org/urban/solid_wm/erm/start_up.pdf
[4]	International Solid Waste Association & United Nations Environment Programme (ISWA & UNEP) (2002). Waste Management, ‘Industry as a partner for sustainable development’. ISBN: 92-807-2194-2, 2002.
[5]	Ahmed A.S and Ahmed M.A (2004) Partnerships for solid waste management in developing countries: Linking theories to realities Habitat International, 28 (3), pp. 467–479
[6]	Rahman, M Salequzzeman, Md. Buhar, M, Uddin, N, Islam, A, al Huran, A.Y. (2005). People’s Perception of the Existing Solid Waste Management of Khulna City Corporation (KCC) Area: A Case Study of Participatory Management. National Workshop for REGA and CDM Awareness Building & Motivation sponsored by the ADB PREGA Project; Khulna.
[7]	Tennessee Solid Waste Education Project (2008), www. Tennessee.org. (Date visited: 15th October, 2009)
[8]	Federal Ministry of Environment (2005), National Environmental Sanitation Policy. Federal Ministry of environment, Jan. pp. 8
[9]	Sha’Ato, R., Aboho, S.Y., Oketunde, F.O (2003) Survey of the Waste Situation in Makurdi Urban Area. SLGP Consultants Report No. 89 DFID-SLGP Benue.
[10]	First Agro Industrial Promoters Limited (FAIPL) (2002). Technical and Economic Feasibility Study Report on Benue State Domestic Refuse Sorting, Composting and landfilling Project. Lagos FAIPL May.
[11]	Benue State Environmental Sanitation Authority Law (2005), Vol. 30. Government Printer, Makurdi.
[12]	National Population Commission, NPC, (1991), Population Census of the Federal Republic of Nigeria. Analytical Report at the National Level. National Population Commission.
[13]	Yeny D, and Yulinah T 2012 SolidWaste Management in Asian Developing Countries: Challenges and Opportunities J. Appl. Environ. Biol. Sci., 2(7)329-335, 2012 © 2012, TextRoad Publication ISSN: 2090-4274 Journal of Applied Environmental and Biological Sciences www.textroad.com .

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Kwadzah Telumun Kenneth, Enokela, Onum Shadrach, Johnson Abinbola Otun. (2013). Economic Viability of Private Sector Participation in Management of Municipal Solid Waste in Makurdi Metropolis of Nigeria. International Journal of Environmental Monitoring and Analysis, 1(4), 147-153. https://doi.org/10.11648/j.ijema.20130104.16

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Kwadzah Telumun Kenneth; Enokela; Onum Shadrach; Johnson Abinbola Otun. Economic Viability of Private Sector Participation in Management of Municipal Solid Waste in Makurdi Metropolis of Nigeria. Int. J. Environ. Monit. Anal. 2013, 1(4), 147-153. doi: 10.11648/j.ijema.20130104.16

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AMA Style

Kwadzah Telumun Kenneth, Enokela, Onum Shadrach, Johnson Abinbola Otun. Economic Viability of Private Sector Participation in Management of Municipal Solid Waste in Makurdi Metropolis of Nigeria. Int J Environ Monit Anal. 2013;1(4):147-153. doi: 10.11648/j.ijema.20130104.16

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@article{10.11648/j.ijema.20130104.16,
  author = {Kwadzah Telumun Kenneth and Enokela and Onum Shadrach and Johnson Abinbola Otun},
  title = {Economic Viability of Private Sector Participation in Management of Municipal Solid Waste in Makurdi Metropolis of Nigeria},
  journal = {International Journal of Environmental Monitoring and Analysis},
  volume = {1},
  number = {4},
  pages = {147-153},
  doi = {10.11648/j.ijema.20130104.16},
  url = {https://doi.org/10.11648/j.ijema.20130104.16},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijema.20130104.16},
  abstract = {Assessment of the economic viability of private sector participation in solid waste management within Makurdi metropolis was carried out. Three hundred questionnaires were administered to the resident waste generators and five hundred to the waste management collectors (service -providers). A survey of equipment and machinery required for proficient waste management services by government and private sector were also conducted with comprehensive inventories created. With a loan of $452,210.94 collected by any waste management company in Makurdi metropolis from commercial banks/institutions, the analysis revealed that, the company should be able to realize $4,794,352.50/annum with a servicing loan of $94,964.30/annum which gave a Net cash at hand of $4,247,177.26/annum. Three more numeric models were used to analyses the viability of the business for a period of one year for each of the models, i.e.; the net present value (NPV) model, the profitability index (P.I) model and the return on investment (ROI) model. The models yielded the following results respectively; $2,802,331:00, 6.2, 9.4, which indicates that, private sector participation in solid waste management in Makurdi metropolis, is lucrative and recommended for implementation.},
 year = {2013}
}

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TY  - JOUR
T1  - Economic Viability of Private Sector Participation in Management of Municipal Solid Waste in Makurdi Metropolis of Nigeria
AU  - Kwadzah Telumun Kenneth
AU  - Enokela
AU  - Onum Shadrach
AU  - Johnson Abinbola Otun
Y1  - 2013/08/30
PY  - 2013
N1  - https://doi.org/10.11648/j.ijema.20130104.16
DO  - 10.11648/j.ijema.20130104.16
T2  - International Journal of Environmental Monitoring and Analysis
JF  - International Journal of Environmental Monitoring and Analysis
JO  - International Journal of Environmental Monitoring and Analysis
SP  - 147
EP  - 153
PB  - Science Publishing Group
SN  - 2328-7667
UR  - https://doi.org/10.11648/j.ijema.20130104.16
AB  - Assessment of the economic viability of private sector participation in solid waste management within Makurdi metropolis was carried out. Three hundred questionnaires were administered to the resident waste generators and five hundred to the waste management collectors (service -providers). A survey of equipment and machinery required for proficient waste management services by government and private sector were also conducted with comprehensive inventories created. With a loan of $452,210.94 collected by any waste management company in Makurdi metropolis from commercial banks/institutions, the analysis revealed that, the company should be able to realize $4,794,352.50/annum with a servicing loan of $94,964.30/annum which gave a Net cash at hand of $4,247,177.26/annum. Three more numeric models were used to analyses the viability of the business for a period of one year for each of the models, i.e.; the net present value (NPV) model, the profitability index (P.I) model and the return on investment (ROI) model. The models yielded the following results respectively; $2,802,331:00, 6.2, 9.4, which indicates that, private sector participation in solid waste management in Makurdi metropolis, is lucrative and recommended for implementation.
VL  - 1
IS  - 4
ER  -

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Author Information

Kwadzah Telumun Kenneth

Department of Agricultural and Environmental Engineering, Federal University of Agriculture, Makurdi, Nigeria
Enokela
Onum Shadrach
Johnson Abinbola Otun

Department of Water resources and Environmental Engineering, Ahmodu Bello University, Zaria-Nigeria

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APA Style

Kwadzah Telumun Kenneth, Enokela, Onum Shadrach, Johnson Abinbola Otun. (2013). Economic Viability of Private Sector Participation in Management of Municipal Solid Waste in Makurdi Metropolis of Nigeria. International Journal of Environmental Monitoring and Analysis, 1(4), 147-153. https://doi.org/10.11648/j.ijema.20130104.16

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ACS Style

Kwadzah Telumun Kenneth; Enokela; Onum Shadrach; Johnson Abinbola Otun. Economic Viability of Private Sector Participation in Management of Municipal Solid Waste in Makurdi Metropolis of Nigeria. Int. J. Environ. Monit. Anal. 2013, 1(4), 147-153. doi: 10.11648/j.ijema.20130104.16

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AMA Style

Kwadzah Telumun Kenneth, Enokela, Onum Shadrach, Johnson Abinbola Otun. Economic Viability of Private Sector Participation in Management of Municipal Solid Waste in Makurdi Metropolis of Nigeria. Int J Environ Monit Anal. 2013;1(4):147-153. doi: 10.11648/j.ijema.20130104.16

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@article{10.11648/j.ijema.20130104.16,
  author = {Kwadzah Telumun Kenneth and Enokela and Onum Shadrach and Johnson Abinbola Otun},
  title = {Economic Viability of Private Sector Participation in Management of Municipal Solid Waste in Makurdi Metropolis of Nigeria},
  journal = {International Journal of Environmental Monitoring and Analysis},
  volume = {1},
  number = {4},
  pages = {147-153},
  doi = {10.11648/j.ijema.20130104.16},
  url = {https://doi.org/10.11648/j.ijema.20130104.16},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijema.20130104.16},
  abstract = {Assessment of the economic viability of private sector participation in solid waste management within Makurdi metropolis was carried out. Three hundred questionnaires were administered to the resident waste generators and five hundred to the waste management collectors (service -providers). A survey of equipment and machinery required for proficient waste management services by government and private sector were also conducted with comprehensive inventories created. With a loan of $452,210.94 collected by any waste management company in Makurdi metropolis from commercial banks/institutions, the analysis revealed that, the company should be able to realize $4,794,352.50/annum with a servicing loan of $94,964.30/annum which gave a Net cash at hand of $4,247,177.26/annum. Three more numeric models were used to analyses the viability of the business for a period of one year for each of the models, i.e.; the net present value (NPV) model, the profitability index (P.I) model and the return on investment (ROI) model. The models yielded the following results respectively; $2,802,331:00, 6.2, 9.4, which indicates that, private sector participation in solid waste management in Makurdi metropolis, is lucrative and recommended for implementation.},
 year = {2013}
}

Copy | Download

TY  - JOUR
T1  - Economic Viability of Private Sector Participation in Management of Municipal Solid Waste in Makurdi Metropolis of Nigeria
AU  - Kwadzah Telumun Kenneth
AU  - Enokela
AU  - Onum Shadrach
AU  - Johnson Abinbola Otun
Y1  - 2013/08/30
PY  - 2013
N1  - https://doi.org/10.11648/j.ijema.20130104.16
DO  - 10.11648/j.ijema.20130104.16
T2  - International Journal of Environmental Monitoring and Analysis
JF  - International Journal of Environmental Monitoring and Analysis
JO  - International Journal of Environmental Monitoring and Analysis
SP  - 147
EP  - 153
PB  - Science Publishing Group
SN  - 2328-7667
UR  - https://doi.org/10.11648/j.ijema.20130104.16
AB  - Assessment of the economic viability of private sector participation in solid waste management within Makurdi metropolis was carried out. Three hundred questionnaires were administered to the resident waste generators and five hundred to the waste management collectors (service -providers). A survey of equipment and machinery required for proficient waste management services by government and private sector were also conducted with comprehensive inventories created. With a loan of $452,210.94 collected by any waste management company in Makurdi metropolis from commercial banks/institutions, the analysis revealed that, the company should be able to realize $4,794,352.50/annum with a servicing loan of $94,964.30/annum which gave a Net cash at hand of $4,247,177.26/annum. Three more numeric models were used to analyses the viability of the business for a period of one year for each of the models, i.e.; the net present value (NPV) model, the profitability index (P.I) model and the return on investment (ROI) model. The models yielded the following results respectively; $2,802,331:00, 6.2, 9.4, which indicates that, private sector participation in solid waste management in Makurdi metropolis, is lucrative and recommended for implementation.
VL  - 1
IS  - 4
ER  -

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