Economic Viability of Private Sector Participation in Management of Municipal Solid Waste in Makurdi Metropolis of Nigeria
International Journal of Environmental Monitoring and Analysis
Volume 1, Issue 4, August 2013, Pages: 147-153
Received: Jul. 27, 2013; Published: Aug. 30, 2013
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Authors
Kwadzah Telumun Kenneth, Department of Agricultural and Environmental Engineering, Federal University of Agriculture, Makurdi, Nigeria
Enokela, Onum Shadrach, Department of Agricultural and Environmental Engineering, Federal University of Agriculture, Makurdi, Nigeria
Johnson Abinbola Otun, Department of Water resources and Environmental Engineering, Ahmodu Bello University, Zaria-Nigeria
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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.
Keywords
Solid Waste, Management, Assessment, Economic Viability, Private Sector, Makurdi Metropolis
To cite this article
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, International Journal of Environmental Monitoring and Analysis. Vol. 1, No. 4, 2013, pp. 147-153. doi: 10.11648/j.ijema.20130104.16
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