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UK Announces $5 million investment in first battery recycling facility in Nigeria

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UK Announces $5 million investment in first battery recycling facility in Nigeria

By: Michael Mike

United Kingdom has announced an investment of $5 million to establish first battery recycling facility in Nigeria

A press statement on Friday said the British High Commissioner visited Ogun and Lagos States, and announced a new $5m investment to establish first battery recycling facility in Nigeria

The statement read: “The British High Commissioner, Dr. Richard Montgomery, has concluded a productive visit to Lagos and Ogun States, underscoring the United Kingdom’s commitment to strengthening bilateral relations and supporting development initiatives in these key regions.

“During the four-day visit, the High Commissioner met with Governor Dapo Abiodun of Ogun State and Governor Babajide Sanwo-Olu of Lagos State, engaging in discussions focused on enhancing economic ties, driving investments, prosperity opportunities and future priorities that could be beneficial to the states and the UK.

A key highlight of the visit to Ogun State was the announcement by UK company, Hinckley Recycling, that they are establishing a new battery recycling facility in the state, using UK-patented technology. Hinckley’s $5m investment will create Africa’s first lithium-ion and lead acid battery recycling and treatment plant.

In Lagos, Dr. Montgomery met with Chief Emeka Anyaoku, and some business leaders in Nigeria including the CEOs of Airtel Nigeria, Standard Chartered, Nigeria Helios Investment Partners, Afrinvest and KPMG West Africa.

At the end of the visit, the British High Commissioner, Dr. Richard Montgomery, said: “My visit to Lagos and Ogun States has reinforced the strong ties between our two great countries.

“Both states are key to boosting Nigeria’s economic prosperity and the UK is committed to driving that growth, promoting trade and supporting their developments.”

On the $5 million investment to establish Nigeria’s first battery recycling facility in Ogun State, he said:“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. Congratulations to the Commissioners and to OgunInvest who worked with Hinckley to make this ground-breaking project a reality.

“The UK fully supports His Excellency Governor Abiodun’s mission to bring new investment and new jobs into Ogun State. The UK Government’s development finance bank British International Investment invested $15 million into Valency International in Ogun State last year, and the UK’s Manufacturing Africa programme is supporting four other companies in Ogun to raise capital and expand their production facilities.”

0Hinckley Recycling became the first government approved E-Waste recycler in Nigeria in 2016. Hinckley is expanding its E-Waste business to create a lithium-ion battery and lead acid battery recycling and treatment plant in Nigeria using patented recycling technology; the local treatment and manufacturing plant will be the first of its kind in Africa.

UK Announces $5 million investment in first battery recycling facility in Nigeria

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MAN OF THE YEAR Award By THISDAY Newspapers/ARISE Media Group

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MAN OF THE YEAR Award By THISDAY Newspapers/ARISE Media Group

CELEBRATING PRESIDENT BOLA TINUBU

The President/Commander in Chief of the Armed Forces of the Federal Republic of Nigeria, His Excellency, Bola Tinubu, has been announced “MAN OF THE YEAR” by THISDAY Newspapers and ARISE News Board of Editors.

The prestigious recognition reaffirmed Mr. President’s exemplary leadership, visionary thinking, and unwavering commitment to transforming the country amid mounting economic and security challenges.

The awards organisers also noted that the President has marched on with courage and determination to change Nigeria for the better, and proven to be a leader who is driven more by convictions and taken decisions which are in the best interest of the nation.

To commemorate this milestone, THISDAY is unveiling a Special Edition on Monday, January 27, 2025, to afford the President’s
aides, friends, well-wishers, and associates the opportunity to share in the joy and pride that the award brings to Mr. President through placement of Congratulatory/Goodwill messages to honour the awardee among other award recipients.

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MAN OF THE YEAR Award By THISDAY Newspapers/ARISE Media Group

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Nigeria Commiserates with Türkiye Over Devastating Fire Incident

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Nigeria Commiserates with Türkiye Over Devastating Fire Incident

By: Michael Mike

Nigerian government has commiserated with the government and people of Türkiye over the fire incident at the Grand Kartal Hotel in the Kartalkaya Ski Resort that resulted in the death of 66 persons injured over 50 others.

The condolence message was contained in a statement signed by the acting spokesperson of the federal ministry of foreign affairs, Kimiebi Ebienfa.

The statement read: “The Federal Republic of Nigeria wishes to express deep condolence to the Government and People of the Republic of Turkiye over the unfortunate fire incident at the Grand Kartal Hotel in the Kartalkaya Ski Resort.

“The fire, which claimed the lives of 66 persons and injured over 50 others in Bolu Province in Northwestern Turkiye, was reported to have started in the early hours of Tuesday 21st January 2025.

“The Federal Government of Nigeria sympathizes with the Government of the Republic of Turkiye and the families of the victims of the fire incident, and also wishes a speedy recovery of the injured.”

Nigeria Commiserates with Türkiye Over Devastating Fire Incident

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Yobe’s Commitment To Agric. Development very Impressive -Islamic Development Bank

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Yobe’s Commitment To Agric. Development very Impressive -Islamic Development Bank

By: Mamman Mohammed

The Islamic Development Bank has expressed satisfaction with the preparedness of Yobe state government to partner the bank for an agricultural project.

Mr. Javed khan, Senior Agriculture Specialist of the Bank stated this at a courtesy call on Governor Mai Mala Buni CON, at the Government House, Damaturu.

Khan said the commitment of Yobe state government to meeting its obligations is quite impressive and encouraging.

Khan who led a team from the bank on assessment tour of the state to see for itself the documents developed and the preparations on ground for the project, said the team was convinced with government’s committment to the project.

“We were initially discouraged not to come to Yobe state citing insecurity but, we insisted on coming and are impressed with the peace and security, and the government’s commitment to the project.

“We are working towards a target in the next three months for the state to obtain approval from the bank for the project.

“The working synergy between our team and your team suggests that we will achieve our target within the stipulated time frame” Khan said.

Responding, Governor Buni commended the Bank for not listening to the enemies of progress of the state.

“l am glad you did not listen to them, some of whom have never been anywhere close to Yobe state but giving stories about what they don’t know.

“You are now here and you have seen things for yourselves and can tell the story better. We are ready for this partnership using agriculture to drive the economy of our state and the people.

“All the 17 local government areas in the state are now accessible and the people can access their farms and make this proposed project successful” Buni said.

The Governor explained the importance of agriculture to the people, adding “this project would guarantee food security and economic prosperity in our post insurgency recovery programme.

“The resilience exhibited by our people in embracing agriculture being their major preoccupation to rebuild their lives after the protracted insecurity is very encouraging and need to be supported” he said.

The Governor re-ephasized the readiness of his administration to partner the bank to make agricultural development in the state a huge success story.

Yobe’s Commitment To Agric. Development very Impressive -Islamic Development Bank

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