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In view of the financial challenges experienced currently by government at all level in Nigeria occasioned by dwindling oil and gas revenue, this paper evaluates the possibility of adapting plastic waste to energy development for sustainable growth. Volume of wastes for the month of January, July and September, 2014 were reported to be 340,016.62m3, 302699.59m3 and 298791.81m3 respectively as contained in a report released by LAWMA. These specific months were primarily used as a case study to portray the fact that all measures put in place by government may not after all give required results. Although governments is making spirited efforts to reduce waste volume to considerable size, there appear to be unsurmountable obstacles ahead. These published waste volume results show clearly that wastes generated in Lagos is on the high side and concerted efforts need to be sustained in other to effectively contain these wastes. At a time, government is finding it difficult to generate adequate power supply to residence, the authors therefore recommend that alternative source of energy could be explored from these wastes which invariable may boost the economic fortunes of the people. The authors equally discussed some of the energy recovery process that may aid the reduction of waste volume in Lagos state.