Lafarge Africa Plc is taking a step to expand its environmental solutions business, seeking shareholder approval to formally include comprehensive waste management services under its corporate mandate.
The company has notified the Nigerian Exchange (NGX) of a proposed amendment to its Memorandum of Association, allowing it to scale its waste unit, Geocycle, beyond co-processing into full-fledged waste handling across sectors.
According to the filing, Lafarge Africa plans to insert new objectives empowering it:
“To provide comprehensive waste management services through its Geocycle operations or any other entity or subsidiary, including but not limited to waste collection, recycling, treatment of various types of waste, including residential, commercial and industrial waste.
“To develop, implement, and manage waste management systems and solutions, including the establishment of waste sorting and recycling facilities.”
Geocycle
Launched in 2018, Geocycle was introduced in response to Nigeria’s worsening waste crisis, with an estimated 58 million tonnes generated annually—90% of which is dumped. The business collects waste from over 100 partners, including top FMCGs and local industries, and co-processes it in Lafarge plants, especially in Ewekoro, Ogun State.
Geocycle handles a wide range of waste: PET plastics, tyres, laminated packaging, spent oils, treated drilling mud, agro-waste, and more. The waste is completely destroyed in cement kilns and reused as fuel and material.
“The launch of Geocycle in Nigeria illustrates our commitment to building a circular economy that reaches beyond the building materials sector,” the company said.
“Geocycle is Nigeria’s first full-fledged professional waste management service provider, handling waste from different sectors in a safe, sustainable and environmentally-friendly manner.”
In February 2025, Lafarge signed an MoU with the Lagos State Government to collect and treat non-recyclable waste from the city and landfill sites, diverting it to its cement kilns as alternative fuel.
The amendment comes amid Holcim AG’s planned sale of its 83.8% stake in Lafarge Africa to China’s Huaxin Cement for $1 billion, a deal expected to close later this year.
Lafarge sold 8.6 million tonnes of cement in 2024, behind Dangote (18.4m) and ahead of BUA (5.54m). With this move, the company is positioning itself as both a cement giant and a critical environmental services provider in Nigeria’s circular economy push.
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