Guaranty Trust Holding Company Plc (GTCO) has unveiled its “Waste for Gas” project, pronouncing that it aims to improve the quality of life for low-income households and empower women in underserved communities.
According to the financial services institution, the initiative will distribute 3,000 3kg gas cylinders with burners to households in Obafemi Owode Local Government, Mowe, Ogun State, in exchange for plastic waste.
A statement made available to QEDNG says the project highlights GTCO’s commitment to fostering sustainability and socioeconomic progress.
The initiative aims to reduce reliance on firewood and charcoal by promoting gas-powered cooking. This will simplify daily routines and free up time for essential activities that support financial stability.
The project will be implemented in two phases. In the first phase, running from February 18 to 21, 2025, GTCO teams and local government representatives will conduct door-to-door visits across 12 wards in Obafemi Owode Local Government to identify beneficiaries who rely on firewood or charcoal for cooking. Households will exchange plastic waste for gas cylinders and burners. The second phase, scheduled for February 22 and 23, 2025, will focus on monitoring adoption and promoting the use of gas-powered cooking methods.
Speaking on the initiative, GTCO’s group chief executive officer Segun Agbaje said, “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. Beyond this initiative, our goal is to continually evolve sustainable platforms that empower people, strengthen communities, and contribute to socioeconomic progress.”
