Sage Grey Finance Promotes Value-Chain Financing in Nigeria

Sage Grey Finance, a regulated financial institution, is promoting value-chain financing to unlock capital for Nigeria's circular economy. Temitope Runsewe, the managing director, stated that many operators face difficulties in attracting investment due to the absence of established models and track records.

He explained that investors often hesitate to invest in new sectors without benchmarks. Runsewe highlighted that conventional business models focus on raw materials and manufacturing, while circular economy models require consideration of product waste.

He emphasized that financing these businesses requires a comprehensive understanding of the value chain, including regulatory environments and commercial viability. Runsewe pointed out that the circular economy in Nigeria encompasses recycling, waste management, and resource recovery, which often struggle to scale and attract conventional capital.

He also mentioned the importance of regulations like Extended Producer Responsibility (EPR) frameworks, which require producers to manage products post-use, noting that implementation is still progressing in Nigeria.