Sociological Perspectives on Waste-to-Wealth Innovations and Resource Management: Harnessing the Circular Economy for Sustainable Development
Waste-to-Wealth Innovations and Sustainable Resource Management for Commercialization: Harnessing the Circular Economy Business Model investigated waste recovery and resource mobilization, waste processing and recycling innovation, circular-economy practices and sustainable resource management, waste-to-wealth commercialization opportunities, and constraints affecting waste-to-wealth enterprises.
The study population comprised relevant stakeholders involved in waste generation, collection, recycling, processing, and related waste-to-wealth activities. A sample of 150 respondents was used for the study with the adoption of a descriptive survey research design. Data were collected through a structured questionnaire designed on a four-point Likert scale and analyzed using frequency counts, percentages, mean scores, and ranking.
The findings showed that respondents generally perceived waste recovery and resource mobilization as important mechanisms for transforming waste into productive resources. Respondents also agreed that recycling technologies, appropriate processing technologies, and skills development improve the economic value and usefulness of discarded materials. Circular-economy practices were perceived to promote resource conservation, reduce dependence on virgin raw materials, minimize environmental waste, and improve sustainable resource management. The findings further indicated that waste recycling provides opportunities for income generation, employment creation, manufacturing, and enterprise development. Major constraints identified included high operating and energy costs, inadequate infrastructure, inadequate government support, inadequate finance, and lack of modern processing equipment.
The study concludes that waste-to-wealth innovation represents a viable pathway for promoting sustainable resource management and commercialization within the circular economy. The study recommends improved access to finance, investment in modern recycling technologies and infrastructure, reduction of energy-related production costs, skills development, strengthened government support, and improved market access for recycled products.
Keywords: Waste-to-Wealth, Innovation, Circular Economy, Sustainable Resource Management, Commercialization.

