UK Firm to Launch Nigeria’s First Battery Recycling Facility with $5 Million Investment

A United Kingdom-based company, Hinckley Recycling, has announced its plan to invest $5 million in establishing Nigeria’s first-ever battery recycling facility in Ogun State. This state-of-the-art facility will be the first of its kind in Africa, focusing on recycling lithium-ion and lead-acid batteries using cutting-edge UK-patented technology. The initiative promises to be a significant step towards addressing environmental sustainability and advancing Nigeria’s battery recycling capabilities.

Strengthening Nigeria-UK Bilateral Relations

This landmark project was highlighted during the British High Commissioner to Nigeria, Dr. Richard Montgomery’s recent visit to Lagos and Ogun States. His visit underscored the UK’s dedication to bolstering bilateral relations and supporting economic development in Nigeria. Dr. Montgomery’s engagement with key stakeholders during his four-day tour demonstrated the UK’s active interest in driving investment and development opportunities within these regions.

High-Profile Meetings in Lagos and Ogun States

While in Lagos, Dr. Montgomery met with prominent business leaders, including CEOs from major companies like Airtel Nigeria, Standard Chartered, Nigeria Helios Investment Partners, Afrinvest, and KPMG West Africa. The discussions centered around expanding economic ties, fostering investment opportunities, and identifying future priorities that could benefit both Nigeria and the UK.

In Ogun State, Dr. Montgomery had a productive discussion with Governor Dapo Abiodun, focusing on initiatives that would drive economic growth, create employment, and enhance trade relations. The Governor’s mission to attract new investment into Ogun State aligns with the UK’s interest in facilitating sustainable development and job creation.

A Milestone in Nigeria’s Recycling Industry

The establishment of this recycling facility is expected to create a new high-value export industry in Ogun State and generate 100 direct jobs for Nigerians. This move aligns with Nigeria’s broader vision of establishing an environmentally sustainable waste management system and reducing the harmful effects of improperly disposed batteries.

Dr. Richard Montgomery lauded the initiative, stating, “It is fantastic that Hinckley Recycling is establishing the first lithium-ion and lead-acid battery recycling facility in Nigeria, creating a new high-value export industry in Ogun State and 100 new direct jobs.”

UK’s Ongoing Support for Ogun State’s Development

The UK government has been actively supporting Ogun State’s development through various investment initiatives. The British International Investment, the UK’s development finance bank, invested $15 million into Valency International in Ogun State last year, showcasing the UK’s commitment to boosting Nigeria’s economic growth. Additionally, the UK’s Manufacturing Africa programme is currently assisting four other companies in Ogun State in raising capital and expanding their production facilities.

A Positive Outlook for Nigeria’s Recycling Sector

The establishment of the battery recycling facility by Hinckley Recycling represents a significant stride towards sustainability and economic empowerment in Nigeria. This initiative not only paves the way for more sustainable battery disposal practices but also opens up opportunities for the country to become a leader in battery recycling across Africa.

As Nigeria continues to advance in technological and industrial sectors, the recycling plant is expected to contribute immensely to job creation, skill development, and the promotion of environmentally friendly practices. It signifies the beginning of a new era in Nigeria’s recycling industry, fostering a cleaner environment and driving economic growth.

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