Lagos, Nigeria – Guaranty Trust Holding Company Plc (GTCO) today unveiled its transformative “Waste for Gas” project, designed to improve the quality of life for low-income households and empower women in underserved communities in Ogun State. The initiative, which will distribute 3,000 3kg gas cylinders along with burners, is set to replace traditional firewood and charcoal cooking methods with a more efficient and sustainable alternative.
A Dual-Phased Approach
The project will roll out in two phases:
- Identification and Distribution (February 18th-21st, 2025):
GTCO teams, working alongside local government representatives, will conduct door-to-door visits across 12 wards in Obafemi Owode Local Government. The aim is to identify eligible households that currently rely on firewood or charcoal for cooking. These households will be invited to participate in the “waste for gas” exchange programme, where they can exchange plastic waste for a gas cylinder and burner. - Monitoring and Adoption (February 22nd-23rd, 2025):
The second phase focuses on monitoring the uptake and proper utilization of the new cooking method, ensuring a smooth transition and sustained benefits for the communities involved.
Transforming Lives and Communities
Mr. Segun Agbaje, Group Chief Executive Officer of GTCO Plc, emphasized the initiative’s broader impact:
“At GTCO, we are committed to driving progress not just through innovative financial solutions but by creating real impact in the communities where we operate. Waste for Gas is about making life easier for families, giving them more time for what truly matters—whether it’s education, meaningful work, or personal development.”
By shifting household energy practices, GTCO aims to reduce the daily burden on families while promoting responsible waste management and environmental sustainability. The structured exchange programme is expected to foster a culture of sustainability, as residents are encouraged to manage plastic waste effectively.
A Legacy of Social Impact
This initiative is part of GTCO’s broader commitment to corporate social responsibility. With operations spanning across Africa and the United Kingdom, GTCO Plc continues to leverage its extensive financial services expertise to drive socioeconomic progress in the communities it serves. The “Waste for Gas” project not only aligns with the company’s innovative approach to CSR but also sets a blueprint for future community-focused interventions.
About GTCO Plc:
Headquartered in Lagos, Nigeria, Guaranty Trust Holding Company Plc is a leading financial services institution with a presence in 10 countries. Evolving from a traditional commercial bank to a diversified financial services powerhouse in April 2021, GTCO Plc’s operational entities include Guaranty Trust Bank Limited (GTBank), Guaranty Trust Fund Managers Limited (GTFM), Guaranty Trust Pension Managers Limited (GTPM), and HabariPay Limited (Habari). Renowned for its “Proudly African and Truly International” ethos, GTCO remains committed to enriching lives and empowering communities through sustainable and innovative initiatives.
