Connect with us

News

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

Published

on

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

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Troops Arrest Suspected Military Impostor in Katsina

Published

on

Troops Arrest Suspected Military Impostor in Katsina

By Zagazola Makama

Troops of 17 Brigade have arrested a suspected military impostor during a fighting patrol in Malumfashi Local Government Area.

Security sources told Zagazola Makama that the suspect was apprehended at about 1:30 p.m. on July 4 by troops deployed at the Forward Operating Base (FOB) Malumfashi while conducting routine patrols within Malumfashi town.

According to the sources, the suspect was intercepted while wearing a woodland camouflage three-quarter short, raising suspicion among the troops.

A search conducted on the suspect led to the recovery of a fake Nigerian Army identity card, four Automated Teller Machine (ATM) cards, one woodland camouflage three-quarter short, a wristwatch and the sum of ₦17,000.

The suspect and the recovered exhibits are currently in military custody pending further investigation.

Military sources said the arrest forms part of ongoing efforts to curb impersonation of security personnel and other criminal activities within the area.

Troops Arrest Suspected Military Impostor in Katsina

Continue Reading

Military

Troops Recover 50 Rustled Cattle, Repel Suspected Rustlers in Kaduna

Published

on

Troops Recover 50 Rustled Cattle, Repel Suspected Rustlers in Kaduna

By Zagazola Makama

Troops deployed at the Forward Operating Base (FOB) Kankomi have recovered 50 rustled cattle after repelling suspected cattle rustlers during an ambush operation in Chikun Local Government Area.

Security sources told Zagazola Makama that the troops responded to a distress call at about 9:55 a.m. on July 4 over the activities of suspected rustlers at Ungwan Gontu community.

According to the sources, the troops swiftly laid an ambush and made contact with the fleeing suspects, forcing them to abandon the stolen livestock and escape into the surrounding area.

During the operation, the troops recovered 50 rustled cattle, which were subsequently identified and handed over to their rightful owner.

Military sources said efforts are ongoing to track down the fleeing suspects as security operations continue to combat cattle rustling and other criminal activities across Kaduna State.

Troops Recover 50 Rustled Cattle, Repel Suspected Rustlers in Kaduna

Continue Reading

News

Troops Arrest Suspected Terrorist in Kogi, Suspect Confesses to Group Membership

Published

on

Troops Arrest Suspected Terrorist in Kogi, Suspect Confesses to Group Membership

By Zagazola Makama

Troops of 12 Brigade, in collaboration with Office of the National Security Adviser (ONSA) Hybrid Forces, have arrested a suspected terrorist during an operation in Lokoja Local Government Area.

Security sources told Zagazola Makama that the troops responded at about 1:00 p.m. on July 4 to reports of a confrontation between local residents and a suspected terrorist at a Ruga settlement behind Obajana community.

According to the sources, the troops swiftly intervened and arrested one suspect at the scene.

During preliminary interrogation, the suspect reportedly confessed to being a member of a terrorist group led by an individual identified as Haruna, which allegedly operates within the Okene general area.

The suspect is currently in military custody and is undergoing further investigation to establish the extent of his involvement and identify other members of the group.

Military sources said the arrest forms part of ongoing security operations aimed at dismantling terrorist and criminal networks across Kogi State.

Troops Arrest Suspected Terrorist in Kogi, Suspect Confesses to Group Membership

Continue Reading

Trending

Verified by MonsterInsights