UK Invests $5M to Build Nigeria’s First Battery Recycling Plant
The United Kingdom (UK) has announced a $5 million investment to establish Nigeria’s first battery recycling facility in Ogun State, according to Dr. Richard Montgomery, the British High Commissioner.
In a statement by Atinuke Akande-Alegbe, Senior Communications and Public Diplomacy Officer at the British High Commission, Montgomery revealed that UK-based company Hinckley will develop the facility using patented recycling technology. This project, funded by the UK’s Manufacturing Africa (MA) programme, will focus on recycling lithium-ion and lead-acid batteries, creating a sustainable export industry and generating 100 new jobs.
“It is fantastic that Hinckley Recycling is committing to establishing the first battery recycling facility in Nigeria, which will bring new investment, high-value exports, and job creation to Ogun State,” Montgomery said during his visit to Governor Dapo Abiodun.
The British High Commissioner also highlighted the UK’s ongoing efforts to support investment and economic growth in Nigeria. He referenced last year’s $15 million investment by the UK’s development finance institution, British International Investment, in Valency International, and noted that four additional companies in Ogun State are receiving support through the Manufacturing Africa programme to expand their operations.
During a four-day visit to both Ogun and Lagos states, Montgomery met with Governor Babajide Sanwo-Olu of Lagos to discuss future investment opportunities and strengthen economic ties between Nigeria and the UK. He emphasized that both Lagos and Ogun states are crucial to Nigeria’s economic prosperity and reiterated the UK’s commitment to fostering trade and supporting local development.
In Lagos, Montgomery also held discussions with business leaders, including executives from Airtel Nigeria, Standard Chartered, Afrinvest, and KPMG West Africa, as well as former Commonwealth Secretary-General, Chief Emeka Anyaoku.
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