Our Profile

WASTEXCHANGE is a waste recycling that motivates people to recycle by creating value from their everyday waste. Our organisation operate an incentive and cash rewards scheme which collects recyclable waste materials from registered consumers and in turn rewards them based on the volumes which they can accumulate and use to redeem cash and numerous household items offered through our reward system.

WASTEXCHANGE was incorporated with Corporate Affairs Commission (CAC) and got our registration number RC 1759330 in February 2021 but started active recyclable waste collection operations in November 2021 with the first Collection center located at Ajah, Lagos State. Currently staff strength of 10 persons to include both full and casual staff and over 10 corporate institutions such as FCMB, LAMATA, PWC, LASEPA just to name a few, loyal to our recycling scheme.

WASTEXCHANGE has over 500 registered subscribers on its recycling scheme which currently operates in Lagos State. We are currently working out modalities to expand to other local government and LCDA area of Lagos State. The WASTEXCHANGE scheme deploys the use mini-trucks that embark on a door-to-door collection of recyclable waste from our registered subscribers to our collection center We also have drop-off centers in major estates and city centers which are repurposed 40ft containers designed to facilitate quick access for deposits of recyclable waste item by registered post- consumers.

At WASTEXCHANGE, we have adopted a Triple Bottom Line framework to evaluate our performance in a broader perspective to create greater business value. The framework aims to measure the financial, social and environmental performance of our operations over a period of time.

Behind the Triple bottom line sustainability framework lies the same fundamental principle: what you measure is what you get, because what you measure is what you are likely to pay attention to. At WASTEXCHANGE, we believe that only when companies measure their social and environmental impact will we have socially and environmentally responsible organizations. The entire value chain of our unique waste recycling model promotes Poverty Eradication, Women Empowerment, Youth Employment, Community Engagement and Environmental Sustainability.

The WASTEXCHANGE model is positively impacting Nigeria and Africa, where it is very common to see littered streets, clogged drainages and overflowing dumpsites. By facilitating recycling, our initiative helps mitigate climate change, while creating jobs and opportunities for underprivileged communities in the process. The WASTEXCHANGE brand greatly aspires to be globally identified as the social currency that converts waste to wealth.