Bank, LAWMA partner to digitize waste recycling

The Alternative Bank has unveiled Wastebanc, Nigeria’s first digital recycling initiative designed to transform the recycling landscape.

With a strong commitment to sustainability and envisioning a world where recycling drives environmental preservation and community well-being, Wastebanc is set to provide an innovative benchmark for responsible waste management and sustainability practices.

This was disclosed during the product launch in Lagos, with key stakeholders in the financial and waste management industries in attendance.

This initiative signifies a notable collaboration as Alternative Bank partners with The Lagos Waste Management Authority (LAWMA). This partnership underscores the joint commitment to fostering a greener, more sustainable future.

The initiative incentivizes users for their eco-friendly contributions, allowing them to earn rewards by responsibly depositing recyclables, fostering personal engagement and benefitting from their environmental actions.

Additionally, the app streamlines recycling by enabling convenient pick-up requests and scheduling from preferred locations.

Speaking at the product launch, Director of Digital Business and Innovations, The Alternative Bank, Mohammed Yunusa, said, “Wastebanc isn’t just an app; it’s an ambitious initiative designed to empower individuals, businesses, and communities to profitably engage in recycling while safeguarding our planet’s future.