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MUST READ: What analysts think about the proposed cancellation of Visionscape contract

In the wake of the refuse crisis witnessed across Lagos State and the current issues surrounding the operations of Visionscape Sanitation Solutions, the Lagos State Government has been urged to give more time to the agency to prove its capacity in the implementation of the new integrated waste management policy encapsulated in the Cleaner Lagos Initiative (CLI), rather than hastily terminating its contract.

The call was made by a public affairs analyst, Nelson Ekujumi, and a Consultant Economist, Joseph Egbeyindo, who argued that hasty cancellation may be counter-productive.

Recall that the Cleaner Lagos Initiative was designed to effectively manage and dispose over 13,000 tonnes of waste generated daily in the state and to also provide proactive response to containing the growing rate of waste generated by per person which is expected to increase from 1.2kg to 1.42kg in the next 15 years.

Ekujumi arued that; “Abruptly terminating the contract, aside from being hasty, also exposes the state to both reputational and financial risks. For instance, the action will adversely affect the state’s credit rating in the domestic and international market.

“It may impair relationship with group of investors, comprising Pension Fund Administrators (PFAs), Deposit Money Banks, and Trustees & Asset Managers with whom the state shares a longstanding relationship.

On his part, Joseph Egbeyindo stated that; “Rather than squander its A+ GCR and Agusto & Co. credit rating reputation on an issue that could be addressed by process restructuring, the state should systematically adjust the strains in the State’s waste management and disposal ecosystem.”

Discussing the cleanliness of the state amid the ‘Cleaner Lagos Initiative’, both analysts opined that the mounting heap of dirt across the state is attributable to a clog in the relationship among operators in the waste management ecosystem, and not necessarily a lack of capacity on the part of Visionscape Sanitation Solution.

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Idris Aina
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