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UK Announces $5 million investment in first battery recycling facility in Nigeria
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
Police repel bandits, rescue six kidnapped victims on Yankara-Funtua highway in Katsina
By: Zagazola Makama
Police in Katsina State have successfully rescued six kidnapped victims after intercepting an armed bandit attack on Yankara-Funtua highway in Faskari Local Government Area.
Sources said on Jan. 24 at about 1:25 a.m., unidentified armed bandits blocked the highway and abducted six occupants of a green Honda Civic, registration number AAA 518 BC, en route from Funtua to Faskari.
The DPO Faskari, on routine patrol, promptly engaged the hoodlums in a tactical gunfight.
The bandits were overpowered and fled into the bush, abandoning their mission. All six victims, Rabi Hamisu, Safare Musa, Abubakar Samaila, Shehu Umar, Sara’u Yahaya, and Ibrahim Babangida, were rescued unharmed and safely returned to their homes.
Intensive patrols continue in the area, while efforts to apprehend the fleeing suspects are ongoing.
Police repel bandits, rescue six kidnapped victims on Yankara-Funtua highway in Katsina
Suspect arrested for trespassing, attempting robbery at Bauchi Emir’s palace
By: Zagazola Makama
A 20-year-old man, Umar Hamza, was apprehended Wednesday night for trespassing and attempting to steal from the Emir of Bauchi’s residence.
Sources said Hamza entered one of the Emir’s son’s rooms carrying a bunch of keys and tried to commit theft around 8:20 p.m. on January 23.
He was intercepted shortly after the act and taken into the Police custody for questioning.
Police said Preliminary inquiries indicate the suspect intended to steal from the palace.
Suspect arrested for trespassing, attempting robbery at Bauchi Emir’s palace
VP Shettima Returns To Abuja, Says Nigeria Firmly Back On Global Economic Frontline
By: Our Reporter
Vice President Kashim Shettima has returned to Abuja after a week-long diplomatic and economic mission to Guinea-Conakry and Switzerland.
This is just as he said Nigeria has reclaimed a frontline seat in global and regional policy conversations.
VP Shettima arrived at the Nnamdi Azikiwe International Airport on Saturday after representing President Bola Ahmed Tinubu at the inauguration of Guinea’s President, Mamadi Doumbouya, and leading Nigeria’s delegation to the 56th World Economic Forum (WEF) Annual Meeting in Davos.
According to the Vice President, the trip is part of Nigeria’s renewed commitment to regional solidarity in West Africa and its determination to reposition the economy under President Tinubu’s Renewed Hope agenda.
The Vice President had departed Abuja for Conakry, where he attended President Doumbouya’s inauguration, reaffirming Nigeria’s leadership role within ECOWAS, while opening new pathways for bilateral cooperation in agriculture and manufacturing.
From Guinea-Conakry, Senator Shettima proceeded to Davos, Switzerland, where he led the Nigerian delegation at the WEF 2026.
One of the highpoints of his engagements in that country was the commissioning of Nigeria House Davos, the Nigeria’s first-ever sovereign pavilion on the Davos Promenade, designed as a permanent investment hub showcasing opportunities in solid minerals, agriculture and the digital economy.
At a high-level WEF session titled, “When Food Becomes Security,” the Vice President outlined Nigeria’s new national food security framework, describing agriculture as a strategic pillar of national security and macroeconomic stability.
Vice President Shettima also joined former President Olusegun Obasanjo, former Vice President Yemi Osinbajo and Minister of Finance, Mr. Wale Edun, to advance the Accra Reset Initiative, a forum advocating African industrialisation driven by domestic capital and value chains rather than foreign aid.
On the economic front, the Vice President told investors that Nigeria’s macroeconomic indicators were stabilising, citing a projected 4.4 per cent GDP growth in 2026 and a decline in inflation to 12.94 per cent.
He also pointed to Nigeria’s imminent transition into a net exporter of refined petroleum products, anchored by the Dangote Refinery, and the growing export of digital talent.
VP Shettima Returns To Abuja, Says Nigeria Firmly Back On Global Economic Frontline
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