Potentially, waste is hazardous and consists of rejects. It therefore follows naturally that it lacks the qualities of perfect-market goods. Consequently, waste management services are generally considered non-productive. It is practically impossible for a non-commercial activity to attract private fund. In the today’s world of private sector driven economy, Nigerian waste management industry is faced with the problem of:
· Commercialization of waste management services and cost recovery
· Availability of investment capital and infrastructural development.
However, absence of waste management services account for unsanitary condition, high risk of exposure to incidence and spread of diseases and, environmental degradation. Additionally, waste management infrastructure is capital intensive, often times not accepted by public and highly exposed to risk of uncertainty.