This paper focuses on the role of fungi in waste to wealth initiatives in Kogi State, Nigeria. Kogi State is home to a largely agrarian and industrial population which has a rich biodiversity of fungi which can convert various forms of waste into usable products and resources. The research was conducted using a qualitative approach to conduct interviews and surveys with key stakeholders, policy makers, industry experts and residents of the region. The results of the study indicate that fungi can play a key role in waste to wealth conversion in Kogi State. The byproducts of fungi cultivated on agricultural and industrial waste can be used to produce various items such as medicines, food supplements, animal feed, bioplastics and electricity in the form of biogas. Additionally, fungi may be used to enhance the fertility of soil and improve the productivity of crops, thereby increasing income of farmers and reducing the amount of waste produced in the region. The findings of the study show that fungi can play an important role in waste to wealth conversion in Kogi State. Therefore, it is important for government, industry, and stakeholders to collaborate to ensure the potential of fungi is leveraged to promote sustainable development in the region. The paper concludes with a set of recommendations for the promotion of fungi-based waste to wealth initiatives in Kogi State